Distribution of property tax revenues to charter schools
Sec. 12. (a) Not later than the date on which the department of
local government finance certifies a final action under
IC 6-1.1-17-16, the department of local government finance shall
provide to each county auditor the amount determined under
IC 20-24-7-2(c)(6) for each charter school attended by a student who
has legal settlement in both the county and a school corporation
located in the county.
(b) This subsection applies beginning with the first distribution of
property taxes to a school corporation after December 31, 2003. At
the same time a county auditor distributes property taxes to a school
corporation, the county auditor shall distribute to a charter school the
amount described in subsection (a) for the charter school.
(c) A distribution of property taxes to a school corporation does
not include an amount distributed under subsection (b).
As added by P.L.276-2003, SEC.2. Amended by P.L.1-2005, SEC.91.
Last modified: May 28, 2006