Sec. 4. (a) Funding for the charter board consists of administrative fees collected under IC 20-24-7-4.

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Terms Used In Indiana Code 20-24-2.1-4

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
     (b) The Indiana charter school board fund is established for the purpose of funding the charter board.

     (c) The fund consists of administrative fees collected under IC 20-24-7-4.

     (d) The charter board shall administer the fund.

     (e) Money in the fund at the end of a state fiscal year does not revert to the state general fund but remains available to be used for the purposes of this chapter.

     (f) Money in the fund is appropriated continuously for the purposes of this chapter.

As added by P.L.91-2011, SEC.7. Amended by P.L.139-2022, SEC.9.

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