Indiana § 20-40-18-1 - Operations fund created
Full text of Indiana Indiana Code § 20-40-18-1 — Operations fund created, with citation guidance and answers to common questions.
§ 20-40-18-1. Operations fund created
Sec. 1. (a) The governing body of each school corporation shall create an operations fund to be used by the school corporation after December 31, 2018.
(b) The governing body of each charter school that receives a distribution of revenue received from a tax levy under IC 20-46-8-11.2 or IC 20-46-8-12 shall create an operations fund to be used by the charter school after December 31, 2024.
As added by P.L.244-2017, SEC.86. Amended by P.L.201-2023, SEC.185; P.L.68-2025, SEC.212.
Frequently Asked Questions About Indiana § 20-40-18-1
What does Indiana Code § 20-40-18-1 cover?
Section 20-40-18-1 ("Operations fund created") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 20-40-18-1?
A common citation format is "Indiana Code § 20-40-18-1" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 20-40-18-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.