Indiana 2025 Regular Session

Indiana Senate Bill SB0518 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
1		-	SB0518.2
2		-	Reprinted
3		-	February 20, 2025
	1	+	SB0518.1
	2	+	February 12, 2025
4	3		SENATE BILL No. 518
5	4		_____
6		-	DIGEST OF SB 518 (Updated February 19, 2025 5:07 pm - DI 129)
	5	+	DIGEST OF SB 518 (Updated February 11, 2025 1:07 pm - DI 129)
7	6		Citations Affected: IC 6-1.1; IC 20-24; IC 20-25.7; IC 20-26;
8	7		IC 20-40; IC 20-46.
9	8		Synopsis: School property taxes. Provides that all school corporations
10	9		that adopt a resolution for a property tax levy for a controlled project
11	10		or a school safety referendum tax levy after May 10, 2025, must share
12	11		revenue received from the levy with certain charter schools. Specifies,
13	12		for purposes of making distributions to charter schools from a property
14	13		tax levy for a controlled project, that only charter schools located
15	14		within the attendance area of the school corporation shall receive a
16		-	distribution of revenue from that levy and requires such a charter
17		-	school to establish a separate account to deposit the revenue. Requires
18		-	all school corporations to share revenue received from a debt service
19		-	levy with certain charter schools. Requires all school corporations that
20		-	adopt a resolution for an operating referendum tax levy after May 10,
21		-	2025, to share revenue received from the levy with certain charter
22		-	schools. Requires, beginning with distributions in 2028, that all school
23		-	corporations begin sharing revenue from the school corporation's
24		-	(Continued next page)
	15	+	distribution of revenue from that levy. Provides that all school
	16	+	corporations must share revenue received from a debt service levy with
	17	+	certain charter schools. Provides that all school corporations that adopt
	18	+	a resolution for an operating referendum tax levy after May 10, 2025,
	19	+	must share revenue received from the levy with certain charter schools.
	20	+	Provides that all school corporations must share revenue from the
	21	+	school corporation's operations fund levy with certain charter schools.
	22	+	Excludes school corporations meeting specified criteria from the
	23	+	sharing of property tax revenue received under the bill's provisions.
	24	+	Provides a calculation for determining the amount of an annual grant
	25	+	from the charter and innovation network school grant program based
	26	+	on the amount of property tax revenue received by a charter school
	27	+	from school corporations. Makes conforming changes.
25	28		Effective: May 10, 2025 (retroactive); July 1, 2025.
26	29		Rogers, Raatz, Gaskill
27	30		January 16, 2025, read first time and referred to Committee on Tax and Fiscal Policy.
28	31		February 11, 2025, amended, reported favorably — Do Pass.
29		-	February 19, 2025, read second time, amended, ordered engrossed.
30		-	SB 518—LS 7334/DI 125 Digest Continued
31		-	operations fund levy with certain charter schools. Provides for the
32		-	phasing in of the sharing of revenue with certain charter schools from
33		-	the school corporation's operations fund levy. Excludes school
34		-	corporations meeting specified criteria from the sharing of property tax
35		-	revenue received under the bill's provisions. Provides a calculation for
36		-	determining the amount of an annual grant from the charter and
37		-	innovation network school grant program based on the amount of
38		-	property tax revenue received by a charter school from school
39		-	corporations. Provides for the appointment of additional board
40		-	members to the governing board of a charter school that receives
41		-	property tax revenue. Sets forth additional procedures related to the
42		-	closure of a charter school. Makes conforming changes.
43		-	SB 518—LS 7334/DI 125SB 518—LS 7334/DI 125 Reprinted
44		-	February 20, 2025
	32	+	SB 518—LS 7334/DI 125 February 12, 2025
45	33		First Regular Session of the 124th General Assembly (2025)
46	34		PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana
47	35		Constitution) is being amended, the text of the existing provision will appear in this style type,
48	36		additions will appear in this style type, and deletions will appear in this style type.
49	37		Additions: Whenever a new statutory provision is being enacted (or a new constitutional
50	38		provision adopted), the text of the new provision will appear in this style type. Also, the
51	39		word NEW will appear in that style type in the introductory clause of each SECTION that adds
52	40		a new provision to the Indiana Code or the Indiana Constitution.
53	41		Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts
54	42		between statutes enacted by the 2024 Regular Session of the General Assembly.
55	43		SENATE BILL No. 518
56	44		A BILL FOR AN ACT to amend the Indiana Code concerning
57	45		education.
58	46		Be it enacted by the General Assembly of the State of Indiana:
59	47		1 SECTION 1. IC 6-1.1-20-3.1, AS AMENDED BY P.L.136-2024,
60	48		2 SECTION 23, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
61	49		3 MAY 10, 2025 (RETROACTIVE)]: Sec. 3.1. (a) Subject to section
62	50		4 3.5(a)(1)(C) of this chapter, this section applies only to the following:
63	51		5 (1) A controlled project (as defined in section 1.1 of this chapter
64	52		6 as in effect June 30, 2008) for which the proper officers of a
65	53		7 political subdivision make a preliminary determination in the
66	54		8 manner described in subsection (b) before July 1, 2008.
67	55		9 (2) An elementary school building, middle school building, high
68	56		10 school building, or other school building for academic instruction
69	57		11 that:
70	58		12 (A) is a controlled project;
71	59		13 (B) will be used for any combination of kindergarten through
72	60		14 grade 12; and
73	61		15 (C) will not cost more than the lesser of the following:
74	62		16 (i) The threshold amount determined under this item. In the
75	63		17 case of an ordinance or resolution adopted before January 1,
76	64		SB 518—LS 7334/DI 125 2
77	65		1 2018, making a preliminary determination to issue bonds or
78	66		2 enter into a lease for the project, the threshold amount is ten
79	67		3 million dollars ($10,000,000). In the case of an ordinance or
80	68		4 resolution adopted after December 31, 2017, and before
81	69		5 January 1, 2019, making a preliminary determination to
82	70		6 issue bonds or enter into a lease for the project, the threshold
83	71		7 amount is fifteen million dollars ($15,000,000). In the case
84	72		8 of an ordinance or resolution adopted in a calendar year after
85	73		9 December 31, 2018, making a preliminary determination to
86	74		10 issue bonds or enter into a lease for the project, the threshold
87	75		11 amount is an amount (as determined by the department of
88	76		12 local government finance) equal to the result of the
89	77		13 maximum levy growth quotient determined under
90	78		14 IC 6-1.1-18.5-2 for the year multiplied by the threshold
91	79		15 amount determined under this item for the preceding
92	80		16 calendar year. In the case of a threshold amount determined
93	81		17 under this item that applies for a calendar year after
94	82		18 December 31, 2018, the department of local government
95	83		19 finance shall publish the threshold in the Indiana Register
96	84		20 under IC 4-22-7-7 not more than sixty (60) days after the
97	85		21 date the budget agency releases the maximum levy growth
98	86		22 quotient for the ensuing year under IC 6-1.1-18.5-2.
99	87		23 (ii) An amount equal to one percent (1%) of the total gross
100	88		24 assessed value of property within the political subdivision
101	89		25 on the last assessment date, if that total gross assessed value
102	90		26 is more than one billion dollars ($1,000,000,000), or ten
103	91		27 million dollars ($10,000,000), if the total gross assessed
104	92		28 value of property within the political subdivision on the last
105	93		29 assessment date is not more than one billion dollars
106	94		30 ($1,000,000,000).
107	95		31 (3) Any other controlled project that:
108	96		32 (A) is not a controlled project described in subdivision (1) or
109	97		33 (2); and
110	98		34 (B) will not cost the political subdivision more than the lesser
111	99		35 of the following:
112	100		36 (i) The threshold amount determined under this item. In the
113	101		37 case of an ordinance or resolution adopted before January 1,
114	102		38 2018, making a preliminary determination to issue bonds or
115	103		39 enter into a lease for the project, the threshold amount is
116	104		40 twelve million dollars ($12,000,000). In the case of an
117	105		41 ordinance or resolution adopted after December 31, 2017,
118	106		42 and before January 1, 2019, making a preliminary
119	107		SB 518—LS 7334/DI 125 3
120	108		1 determination to issue bonds or enter into a lease for the
121	109		2 project, the threshold amount is fifteen million dollars
122	110		3 ($15,000,000). In the case of an ordinance or resolution
123	111		4 adopted in a calendar year after December 31, 2018, making
124	112		5 a preliminary determination to issue bonds or enter into a
125	113		6 lease for the project, the threshold amount is an amount (as
126	114		7 determined by the department of local government finance)
127	115		8 equal to the result of the maximum levy growth quotient
128	116		9 determined under IC 6-1.1-18.5-2 for the year multiplied by
129	117		10 the threshold amount determined under this item for the
130	118		11 preceding calendar year. In the case of a threshold amount
131	119		12 determined under this item that applies for a calendar year
132	120		13 after December 31, 2018, the department of local
133	121		14 government finance shall publish the threshold in the
134	122		15 Indiana Register under IC 4-22-7-7 not more than sixty (60)
135	123		16 days after the date the budget agency releases the maximum
136	124		17 levy growth quotient for the ensuing year under
137	125		18 IC 6-1.1-18.5-2.
138	126		19 (ii) An amount equal to one percent (1%) of the total gross
139	127		20 assessed value of property within the political subdivision
140	128		21 on the last assessment date, if that total gross assessed value
141	129		22 is more than one hundred million dollars ($100,000,000), or
142	130		23 one million dollars ($1,000,000), if the total gross assessed
143	131		24 value of property within the political subdivision on the last
144	132		25 assessment date is not more than one hundred million
145	133		26 dollars ($100,000,000).
146	134		27 (4) A controlled project funded by debt service if the scope of the
147	135		28 project changes from the purpose of the project initially
148	136		29 advertised to taxpayers as determined under section 4.2(c) of this
149	137		30 chapter.
150	138		31 (5) This subdivision does not apply to a project for which a public
151	139		32 hearing to issue bonds or enter into a lease has been conducted
152	140		33 under IC 20-26-7-37 before July 1, 2023. Any other controlled
153	141		34 project if both of the following apply:
154	142		35 (A) The political subdivision's total debt service tax rate is
155	143		36 more than forty cents ($0.40) per one hundred dollars ($100)
156	144		37 of assessed value, but less than eighty cents ($0.80) per one
157	145		38 hundred dollars ($100) of assessed value.
158	146		39 (B) The controlled project is not otherwise described in section
159	147		40 3.5(a)(1) of this chapter.
160	148		41 This subdivision expires December 31, 2025. For purposes of this
161	149		42 subdivision, a political subdivision's total debt service tax rate
162	150		SB 518—LS 7334/DI 125 4
163	151		1 does not include a tax rate imposed in a referendum debt service
164	152		2 levy approved by voters.
165	153		3 (b) Subject to section 13.5 of this chapter, a political subdivision
166	154		4 may not impose property taxes to pay debt service on bonds or lease
167	155		5 rentals on a lease for a controlled project without completing the
168	156		6 following procedures:
169	157		7 (1) The proper officers of a political subdivision shall publish
170	158		8 notice in accordance with IC 5-3-1 and send notice by first class
171	159		9 mail to the circuit court clerk and to any organization that delivers
172	160		10 to the officers, before January 1 of that year, an annual written
173	161		11 request for such notices of any meeting to consider adoption of a
174	162		12 resolution or an ordinance making a preliminary determination to
175	163		13 issue bonds or enter into a lease and shall conduct at least two (2)
176	164		14 public hearings on a preliminary determination before adoption
177	165		15 of the resolution or ordinance. The political subdivision must at
178	166		16 each of the public hearings on the preliminary determination
179	167		17 allow the public to testify regarding the preliminary determination
180	168		18 and must make the following information available to the public
181	169		19 at each of the public hearings on the preliminary determination,
182	170		20 in addition to any other information required by law:
183	171		21 (A) The result of the political subdivision's current and
184	172		22 projected annual debt service payments divided by the net
185	173		23 assessed value of taxable property within the political
186	174		24 subdivision.
187	175		25 (B) The result of:
188	176		26 (i) the sum of the political subdivision's outstanding long
189	177		27 term debt plus the outstanding long term debt of other taxing
190	178		28 units that include any of the territory of the political
191	179		29 subdivision; divided by
192	180		30 (ii) the net assessed value of taxable property within the
193	181		31 political subdivision.
194	182		32 (C) In the case of a school corporation, a statement that a
195	183		33 portion of the proceeds collected from the proposed levy
196	184		34 will be distributed to a qualified charter school in the
197	185		35 manner described in section 13.5 of this chapter unless the
198	186		36 qualified charter school elects to not participate.
199	187		37 (C) (D) The information specified in subdivision (3)(A)
200	188		38 through (3)(H).
201	189		39 (2) When the proper officers of a political subdivision make a
202	190		40 preliminary determination to issue bonds or enter into a lease for
203	191		41 a controlled project, the officers shall give notice of the
204	192		42 preliminary determination by:
205	193		SB 518—LS 7334/DI 125 5
206	194		1 (A) publication in accordance with IC 5-3-1; and
207	195		2 (B) first class mail to the circuit court clerk and to the
208	196		3 organizations described in subdivision (1).
209	197		4 (3) A notice under subdivision (2) of the preliminary
210	198		5 determination of the political subdivision to issue bonds or enter
211	199		6 into a lease for a controlled project must include the following
212	200		7 information:
213	201		8 (A) The maximum term of the bonds or lease.
214	202		9 (B) The maximum principal amount of the bonds or the
215	203		10 maximum lease rental for the lease.
216	204		11 (C) The estimated interest rates that will be paid and the total
217	205		12 interest costs associated with the bonds or lease.
218	206		13 (D) The purpose of the bonds or lease.
219	207		14 (E) A statement that any owners of property within the
220	208		15 political subdivision or registered voters residing within the
221	209		16 political subdivision who want to initiate a petition and
222	210		17 remonstrance process against the proposed debt service or
223	211		18 lease payments must file a petition that complies with
224	212		19 subdivisions (4) and (5) not later than thirty (30) days after
225	213		20 publication in accordance with IC 5-3-1.
226	214		21 (F) With respect to bonds issued or a lease entered into to
227	215		22 open:
228	216		23 (i) a new school facility; or
229	217		24 (ii) an existing facility that has not been used for at least
230	218		25 three (3) years and that is being reopened to provide
231	219		26 additional classroom space;
232	220		27 the estimated costs the school corporation expects to incur
233	221		28 annually to operate the facility.
234	222		29 (G) A statement of whether the school corporation expects to
235	223		30 appeal for a new facility adjustment (as defined in
236	224		31 IC 20-45-1-16 (repealed) before January 1, 2009) for an
237	225		32 increased maximum permissible tuition support levy to pay the
238	226		33 estimated costs described in clause (F).
239	227		34 (H) The following information:
240	228		35 (i) The political subdivision's current debt service levy and
241	229		36 rate.
242	230		37 (ii) The estimated increase to the political subdivision's debt
243	231		38 service levy and rate that will result if the political
244	232		39 subdivision issues the bonds or enters into the lease.
245	233		40 (iii) The estimated amount of the political subdivision's debt
246	234		41 service levy and rate that will result during the following ten
247	235		42 (10) years if the political subdivision issues the bonds or
248	236		SB 518—LS 7334/DI 125 6
249	237		1 enters into the lease, after also considering any changes that
250	238		2 will occur to the debt service levy and rate during that
251	239		3 period on account of any outstanding bonds or lease
252	240		4 obligations that will mature or terminate during that period.
253	241		5 (I) The information specified in subdivision (1)(A) through
254	242		6 (1)(B). (1)(C).
255	243		7 (4) After notice is given, a petition requesting the application of
256	244		8 a petition and remonstrance process may be filed by the lesser of:
257	245		9 (A) five hundred (500) persons who are either owners of
258	246		10 property within the political subdivision or registered voters
259	247		11 residing within the political subdivision; or
260	248		12 (B) five percent (5%) of the registered voters residing within
261	249		13 the political subdivision.
262	250		14 (5) The state board of accounts shall design and, upon request by
263	251		15 the county voter registration office, deliver to the county voter
264	252		16 registration office or the county voter registration office's
265	253		17 designated printer the petition forms to be used solely in the
266	254		18 petition process described in this section. The county voter
267	255		19 registration office shall issue to an owner or owners of property
268	256		20 within the political subdivision or a registered voter residing
269	257		21 within the political subdivision the number of petition forms
270	258		22 requested by the owner or owners or the registered voter. Each
271	259		23 form must be accompanied by instructions detailing the
272	260		24 requirements that:
273	261		25 (A) the carrier and signers must be owners of property or
274	262		26 registered voters;
275	263		27 (B) the carrier must be a signatory on at least one (1) petition;
276	264		28 (C) after the signatures have been collected, the carrier must
277	265		29 swear or affirm before a notary public that the carrier
278	266		30 witnessed each signature; and
279	267		31 (D) govern the closing date for the petition period.
280	268		32 Persons requesting forms may be required to identify themselves
281	269		33 as owners of property or registered voters and may be allowed to
282	270		34 pick up additional copies to distribute to other owners of property
283	271		35 or registered voters. Each person signing a petition must indicate
284	272		36 whether the person is signing the petition as a registered voter
285	273		37 within the political subdivision or is signing the petition as the
286	274		38 owner of property within the political subdivision. A person who
287	275		39 signs a petition as a registered voter must indicate the address at
288	276		40 which the person is registered to vote. A person who signs a
289	277		41 petition as an owner of property must indicate the address of the
290	278		42 property owned by the person in the political subdivision.
291	279		SB 518—LS 7334/DI 125 7
292	280		1 (6) Each petition must be verified under oath by at least one (1)
293	281		2 qualified petitioner in a manner prescribed by the state board of
294	282		3 accounts before the petition is filed with the county voter
295	283		4 registration office under subdivision (7).
296	284		5 (7) Each petition must be filed with the county voter registration
297	285		6 office not more than thirty (30) days after publication under
298	286		7 subdivision (2) of the notice of the preliminary determination.
299	287		8 (8) The county voter registration office shall determine whether
300	288		9 each person who signed the petition is a registered voter.
301	289		10 However, after the county voter registration office has determined
302	290		11 that at least five hundred twenty-five (525) persons who signed
303	291		12 the petition are registered voters within the political subdivision,
304	292		13 the county voter registration office is not required to verify
305	293		14 whether the remaining persons who signed the petition are
306	294		15 registered voters. If the county voter registration office does not
307	295		16 determine that at least five hundred twenty-five (525) persons
308	296		17 who signed the petition are registered voters, the county voter
309	297		18 registration office shall, not more than fifteen (15) business days
310	298		19 after receiving a petition, forward a copy of the petition to the
311	299		20 county auditor. Not more than ten (10) business days after
312	300		21 receiving the copy of the petition, the county auditor shall provide
313	301		22 to the county voter registration office a statement verifying:
314	302		23 (A) whether a person who signed the petition as a registered
315	303		24 voter but is not a registered voter, as determined by the county
316	304		25 voter registration office, is the owner of property in the
317	305		26 political subdivision; and
318	306		27 (B) whether a person who signed the petition as an owner of
319	307		28 property within the political subdivision does in fact own
320	308		29 property within the political subdivision.
321	309		30 (9) The county voter registration office, not more than ten (10)
322	310		31 business days after determining that at least five hundred
323	311		32 twenty-five (525) persons who signed the petition are registered
324	312		33 voters or receiving the statement from the county auditor under
325	313		34 subdivision (8), as applicable, shall make the final determination
326	314		35 of the number of petitioners that are registered voters in the
327	315		36 political subdivision and, based on the statement provided by the
328	316		37 county auditor, the number of petitioners that own property within
329	317		38 the political subdivision. Whenever the name of an individual
330	318		39 who signs a petition form as a registered voter contains a minor
331	319		40 variation from the name of the registered voter as set forth in the
332	320		41 records of the county voter registration office, the signature is
333	321		42 presumed to be valid, and there is a presumption that the
334	322		SB 518—LS 7334/DI 125 8
335	323		1 individual is entitled to sign the petition under this section. Except
336	324		2 as otherwise provided in this chapter, in determining whether an
337	325		3 individual is a registered voter, the county voter registration office
338	326		4 shall apply the requirements and procedures used under IC 3 to
339	327		5 determine whether a person is a registered voter for purposes of
340	328		6 voting in an election governed by IC 3. However, an individual is
341	329		7 not required to comply with the provisions concerning providing
342	330		8 proof of identification to be considered a registered voter for
343	331		9 purposes of this chapter. A person is entitled to sign a petition
344	332		10 only one (1) time in a particular petition and remonstrance
345	333		11 process under this chapter, regardless of whether the person owns
346	334		12 more than one (1) parcel of real property, mobile home assessed
347	335		13 as personal property, or manufactured home assessed as personal
348	336		14 property, or a combination of those types of property within the
349	337		15 subdivision and regardless of whether the person is both a
350	338		16 registered voter in the political subdivision and the owner of
351	339		17 property within the political subdivision. Notwithstanding any
352	340		18 other provision of this section, if a petition is presented to the
353	341		19 county voter registration office within forty-five (45) days before
354	342		20 an election, the county voter registration office may defer acting
355	343		21 on the petition, and the time requirements under this section for
356	344		22 action by the county voter registration office do not begin to run
357	345		23 until five (5) days after the date of the election.
358	346		24 (10) The county voter registration office must file a certificate and
359	347		25 each petition with:
360	348		26 (A) the township trustee, if the political subdivision is a
361	349		27 township, who shall present the petition or petitions to the
362	350		28 township board; or
363	351		29 (B) the body that has the authority to authorize the issuance of
364	352		30 the bonds or the execution of a lease, if the political
365	353		31 subdivision is not a township;
366	354		32 within thirty-five (35) business days of the filing of the petition
367	355		33 requesting a petition and remonstrance process. The certificate
368	356		34 must state the number of petitioners that are owners of property
369	357		35 within the political subdivision and the number of petitioners who
370	358		36 are registered voters residing within the political subdivision.
371	359		37 If a sufficient petition requesting a petition and remonstrance process
372	360		38 is not filed by owners of property or registered voters as set forth in this
373	361		39 section, the political subdivision may issue bonds or enter into a lease
374	362		40 by following the provisions of law relating to the bonds to be issued or
375	363		41 lease to be entered into.
376	364		42 (c) A political subdivision may not divide a controlled project in
377	365		SB 518—LS 7334/DI 125 9
378	366		1 order to avoid the requirements of this section and section 3.2 of this
379	367		2 chapter. A person that owns property within a political subdivision or
380	368		3 a person that is a registered voter residing within a political subdivision
381	369		4 may file a petition with the department of local government finance
382	370		5 objecting that the political subdivision has divided a controlled project
383	371		6 in order to avoid the requirements of this section and section 3.2 of this
384	372		7 chapter. The petition must be filed not more than ten (10) days after the
385	373		8 political subdivision gives notice of the political subdivision's decision
386	374		9 to issue bonds or enter into leases for a capital project that the person
387	375		10 believes is the result of a division of a controlled project that is
388	376		11 prohibited by this subsection. If the department of local government
389	377		12 finance receives a petition under this subsection, the department shall
390	378		13 not later than thirty (30) days after receiving the petition make a final
391	379		14 determination on the issue of whether the political subdivision divided
392	380		15 a controlled project in order to avoid the requirements of this section
393	381		16 and section 3.2 of this chapter. If the department of local government
394	382		17 finance determines that a political subdivision divided a controlled
395	383		18 project in order to avoid the requirements of this section and section
396	384		19 3.2 of this chapter and the political subdivision continues to desire to
397	385		20 proceed with the project, the political subdivision shall fulfill the
398	386		21 requirements of this section and section 3.2 of this chapter, if
399	387		22 applicable, regardless of the cost of the project in dispute. A political
400	388		23 subdivision shall be considered to have divided a capital project in
401	389		24 order to avoid the requirements of this section and section 3.2 of this
402	390		25 chapter if the result of one (1) or more of the subprojects cannot
403	391		26 reasonably be considered an independently desirable end in itself
404	392		27 without reference to another capital project. This subsection does not
405	393		28 prohibit a political subdivision from undertaking a series of capital
406	394		29 projects in which the result of each capital project can reasonably be
407	395		30 considered an independently desirable end in itself without reference
408	396		31 to another capital project.
409	397		32 SECTION 2. IC 6-1.1-20-3.5, AS AMENDED BY P.L.136-2024,
410	398		33 SECTION 24, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
411	399		34 MAY 10, 2025 (RETROACTIVE)]: Sec. 3.5. (a) This section applies
412	400		35 only to a controlled project that meets the following conditions:
413	401		36 (1) The controlled project is described in one (1) of the following
414	402		37 categories:
415	403		38 (A) An elementary school building, middle school building,
416	404		39 high school building, or other school building for academic
417	405		40 instruction that will be used for any combination of
418	406		41 kindergarten through grade 12 and will cost more than the
419	407		42 lesser of the following:
420	408		SB 518—LS 7334/DI 125 10
421	409		1 (i) The threshold amount determined under this item. In the
422	410		2 case of an ordinance or resolution adopted before January 1,
423	411		3 2018, making a preliminary determination to issue bonds or
424	412		4 enter into a lease for the project, the threshold amount is ten
425	413		5 million dollars ($10,000,000). In the case of an ordinance or
426	414		6 resolution adopted after December 31, 2017, and before
427	415		7 January 1, 2019, making a preliminary determination to
428	416		8 issue bonds or enter into a lease for the project, the threshold
429	417		9 amount is fifteen million dollars ($15,000,000). In the case
430	418		10 of an ordinance or resolution adopted in a calendar year after
431	419		11 December 31, 2018, making a preliminary determination to
432	420		12 issue bonds or enter into a lease for the project, the threshold
433	421		13 amount is an amount (as determined by the department of
434	422		14 local government finance) equal to the result of the
435	423		15 maximum levy growth quotient determined under
436	424		16 IC 6-1.1-18.5-2 for the year multiplied by the threshold
437	425		17 amount determined under this item for the preceding
438	426		18 calendar year. In the case of a threshold amount determined
439	427		19 under this item that applies for a calendar year after
440	428		20 December 31, 2018, the department of local government
441	429		21 finance shall publish the threshold in the Indiana Register
442	430		22 under IC 4-22-7-7 not more than sixty (60) days after the
443	431		23 date the budget agency releases the maximum levy growth
444	432		24 quotient for the ensuing year under IC 6-1.1-18.5-2.
445	433		25 (ii) An amount equal to one percent (1%) of the total gross
446	434		26 assessed value of property within the political subdivision
447	435		27 on the last assessment date, if that total gross assessed value
448	436		28 is more than one billion dollars ($1,000,000,000), or ten
449	437		29 million dollars ($10,000,000), if the total gross assessed
450	438		30 value of property within the political subdivision on the last
451	439		31 assessment date is not more than one billion dollars
452	440		32 ($1,000,000,000).
453	441		33 (B) Any other controlled project that is not a controlled project
454	442		34 described in clause (A) and will cost the political subdivision
455	443		35 more than the lesser of the following:
456	444		36 (i) The threshold amount determined under this item. In the
457	445		37 case of an ordinance or resolution adopted before January 1,
458	446		38 2018, making a preliminary determination to issue bonds or
459	447		39 enter into a lease for the project, the threshold amount is
460	448		40 twelve million dollars ($12,000,000). In the case of an
461	449		41 ordinance or resolution adopted after December 31, 2017,
462	450		42 and before January 1, 2019, making a preliminary
463	451		SB 518—LS 7334/DI 125 11
464	452		1 determination to issue bonds or enter into a lease for the
465	453		2 project, the threshold amount is fifteen million dollars
466	454		3 ($15,000,000). In the case of an ordinance or resolution
467	455		4 adopted in a calendar year after December 31, 2018, making
468	456		5 a preliminary determination to issue bonds or enter into a
469	457		6 lease for the project, the threshold amount is an amount (as
470	458		7 determined by the department of local government finance)
471	459		8 equal to the result of the maximum levy growth quotient
472	460		9 determined under IC 6-1.1-18.5-2 for the year multiplied by
473	461		10 the threshold amount determined under this item for the
474	462		11 preceding calendar year. In the case of a threshold amount
475	463		12 determined under this item that applies for a calendar year
476	464		13 after December 31, 2018, the department of local
477	465		14 government finance shall publish the threshold in the
478	466		15 Indiana Register under IC 4-22-7-7 not more than sixty (60)
479	467		16 days after the date the budget agency releases the maximum
480	468		17 levy growth quotient for the ensuing year under
481	469		18 IC 6-1.1-18.5-2.
482	470		19 (ii) An amount equal to one percent (1%) of the total gross
483	471		20 assessed value of property within the political subdivision
484	472		21 on the last assessment date, if that total gross assessed value
485	473		22 is more than one hundred million dollars ($100,000,000), or
486	474		23 one million dollars ($1,000,000), if the total gross assessed
487	475		24 value of property within the political subdivision on the last
488	476		25 assessment date is not more than one hundred million
489	477		26 dollars ($100,000,000).
490	478		27 (C) Any other controlled project for which a political
491	479		28 subdivision adopts an ordinance or resolution making a
492	480		29 preliminary determination to issue bonds or enter into a lease
493	481		30 for the project, if the sum of:
494	482		31 (i) the cost of that controlled project; plus
495	483		32 (ii) the costs of all other controlled projects for which the
496	484		33 political subdivision has previously adopted within the
497	485		34 preceding three hundred sixty-five (365) days an ordinance
498	486		35 or resolution making a preliminary determination to issue
499	487		36 bonds or enter into a lease for those other controlled
500	488		37 projects;
501	489		38 exceeds twenty-five million dollars ($25,000,000).
502	490		39 (D) A controlled project funded by debt service if the scope of
503	491		40 the project changes from the purpose of the project initially
504	492		41 advertised to taxpayers as determined under section 4.3(c) of
505	493		42 this chapter.
506	494		SB 518—LS 7334/DI 125 12
507	495		1 (E) This clause does not apply to a project for which a public
508	496		2 hearing to issue bonds or enter into a lease has been conducted
509	497		3 under IC 20-26-7-37 before July 1, 2023. Except as provided
510	498		4 in section 4.5 of this chapter, any other controlled project if the
511	499		5 political subdivision's total debt service tax rate is at least
512	500		6 eighty cents ($0.80) per one hundred dollars ($100) of
513	501		7 assessed value. This clause expires December 31, 2025. For
514	502		8 purposes of this clause, a political subdivision's total debt
515	503		9 service tax rate does not include a tax rate imposed in a
516	504		10 referendum debt service tax levy approved by voters.
517	505		11 (2) The proper officers of the political subdivision make a
518	506		12 preliminary determination after June 30, 2008, in the manner
519	507		13 described in subsection (b) to issue bonds or enter into a lease for
520	508		14 the controlled project.
521	509		15 (b) Subject to subsection (d) and section 13.5 of this chapter, a
522	510		16 political subdivision may not impose property taxes to pay debt service
523	511		17 on bonds or lease rentals on a lease for a controlled project without
524	512		18 completing the following procedures:
525	513		19 (1) The proper officers of a political subdivision shall publish
526	514		20 notice in accordance with IC 5-3-1 and send notice by first class
527	515		21 mail to the circuit court clerk and to any organization that delivers
528	516		22 to the officers, before January 1 of that year, an annual written
529	517		23 request for notices of any meeting to consider the adoption of an
530	518		24 ordinance or a resolution making a preliminary determination to
531	519		25 issue bonds or enter into a lease and shall conduct at least two (2)
532	520		26 public hearings on the preliminary determination before adoption
533	521		27 of the ordinance or resolution. The political subdivision must at
534	522		28 each of the public hearings on the preliminary determination
535	523		29 allow the public to testify regarding the preliminary determination
536	524		30 and must make the following information available to the public
537	525		31 at each of the public hearings on the preliminary determination,
538	526		32 in addition to any other information required by law:
539	527		33 (A) The result of the political subdivision's current and
540	528		34 projected annual debt service payments divided by the net
541	529		35 assessed value of taxable property within the political
542	530		36 subdivision.
543	531		37 (B) The result of:
544	532		38 (i) the sum of the political subdivision's outstanding long
545	533		39 term debt plus the outstanding long term debt of other taxing
546	534		40 units that include any of the territory of the political
547	535		41 subdivision; divided by
548	536		42 (ii) the net assessed value of taxable property within the
549	537		SB 518—LS 7334/DI 125 13
550	538		1 political subdivision.
551	539		2 (C) In the case of a school corporation, a statement that a
552	540		3 portion of the proceeds collected from the proposed levy
553	541		4 will be distributed to a qualified charter school in the
554	542		5 manner described in section 13.5 of this chapter unless the
555	543		6 qualified charter school elects to not participate.
556	544		7 (C) (D) The information specified in subdivision (3)(A)
557	545		8 through (3)(G).
558	546		9 (2) If the proper officers of a political subdivision make a
559	547		10 preliminary determination to issue bonds or enter into a lease, the
560	548		11 officers shall give notice of the preliminary determination by:
561	549		12 (A) publication in accordance with IC 5-3-1; and
562	550		13 (B) first class mail to the circuit court clerk and to the
563	551		14 organizations described in subdivision (1).
564	552		15 (3) A notice under subdivision (2) of the preliminary
565	553		16 determination of the political subdivision to issue bonds or enter
566	554		17 into a lease must include the following information:
567	555		18 (A) The maximum term of the bonds or lease.
568	556		19 (B) The maximum principal amount of the bonds or the
569	557		20 maximum lease rental for the lease.
570	558		21 (C) The estimated interest rates that will be paid and the total
571	559		22 interest costs associated with the bonds or lease.
572	560		23 (D) The purpose of the bonds or lease.
573	561		24 (E) A statement that the proposed debt service or lease
574	562		25 payments must be approved in an election on a local public
575	563		26 question held under section 3.6 of this chapter.
576	564		27 (F) With respect to bonds issued or a lease entered into to
577	565		28 open:
578	566		29 (i) a new school facility; or
579	567		30 (ii) an existing facility that has not been used for at least
580	568		31 three (3) years and that is being reopened to provide
581	569		32 additional classroom space;
582	570		33 the estimated costs the school corporation expects to annually
583	571		34 incur to operate the facility.
584	572		35 (G) The following information:
585	573		36 (i) The political subdivision's current debt service levy and
586	574		37 rate.
587	575		38 (ii) The estimated increase to the political subdivision's debt
588	576		39 service levy and rate that will result if the political
589	577		40 subdivision issues the bonds or enters into the lease.
590	578		41 (iii) The estimated amount of the political subdivision's debt
591	579		42 service levy and rate that will result during the following ten
592	580		SB 518—LS 7334/DI 125 14
593	581		1 (10) years if the political subdivision issues the bonds or
594	582		2 enters into the lease, after also considering any changes that
595	583		3 will occur to the debt service levy and rate during that
596	584		4 period on account of any outstanding bonds or lease
597	585		5 obligations that will mature or terminate during that period.
598	586		6 (H) The information specified in subdivision (1)(A) through
599	587		7 (1)(B). (1)(C).
600	588		8 (4) This subdivision does not apply to a controlled project
601	589		9 described in subsection (a)(1)(E) (before its expiration). After
602	590		10 notice is given, a petition requesting the application of the local
603	591		11 public question process under section 3.6 of this chapter may be
604	592		12 filed by the lesser of:
605	593		13 (A) five hundred (500) persons who are either owners of
606	594		14 property within the political subdivision or registered voters
607	595		15 residing within the political subdivision; or
608	596		16 (B) five percent (5%) of the registered voters residing within
609	597		17 the political subdivision.
610	598		18 (5) This subdivision does not apply to a controlled project
611	599		19 described in subsection (a)(1)(E) (before its expiration). The state
612	600		20 board of accounts shall design and, upon request by the county
613	601		21 voter registration office, deliver to the county voter registration
614	602		22 office or the county voter registration office's designated printer
615	603		23 the petition forms to be used solely in the petition process
616	604		24 described in this section. The county voter registration office shall
617	605		25 issue to an owner or owners of property within the political
618	606		26 subdivision or a registered voter residing within the political
619	607		27 subdivision the number of petition forms requested by the owner
620	608		28 or owners or the registered voter. Each form must be
621	609		29 accompanied by instructions detailing the requirements that:
622	610		30 (A) the carrier and signers must be owners of property or
623	611		31 registered voters;
624	612		32 (B) the carrier must be a signatory on at least one (1) petition;
625	613		33 (C) after the signatures have been collected, the carrier must
626	614		34 swear or affirm before a notary public that the carrier
627	615		35 witnessed each signature; and
628	616		36 (D) govern the closing date for the petition period.
629	617		37 Persons requesting forms may be required to identify themselves
630	618		38 as owners of property or registered voters and may be allowed to
631	619		39 pick up additional copies to distribute to other owners of property
632	620		40 or registered voters. Each person signing a petition must indicate
633	621		41 whether the person is signing the petition as a registered voter
634	622		42 within the political subdivision or is signing the petition as the
635	623		SB 518—LS 7334/DI 125 15
636	624		1 owner of property within the political subdivision. A person who
637	625		2 signs a petition as a registered voter must indicate the address at
638	626		3 which the person is registered to vote. A person who signs a
639	627		4 petition as an owner of property must indicate the address of the
640	628		5 property owned by the person in the political subdivision.
641	629		6 (6) This subdivision does not apply to a controlled project
642	630		7 described in subsection (a)(1)(E) (before its expiration). Each
643	631		8 petition must be verified under oath by at least one (1) qualified
644	632		9 petitioner in a manner prescribed by the state board of accounts
645	633		10 before the petition is filed with the county voter registration office
646	634		11 under subdivision (7).
647	635		12 (7) This subdivision does not apply to a controlled project
648	636		13 described in subsection (a)(1)(E) (before its expiration). Each
649	637		14 petition must be filed with the county voter registration office not
650	638		15 more than thirty (30) days after publication under subdivision (2)
651	639		16 of the notice of the preliminary determination.
652	640		17 (8) This subdivision does not apply to a controlled project
653	641		18 described in subsection (a)(1)(E) (before its expiration). The
654	642		19 county voter registration office shall determine whether each
655	643		20 person who signed the petition is a registered voter. However,
656	644		21 after the county voter registration office has determined that at
657	645		22 least five hundred twenty-five (525) persons who signed the
658	646		23 petition are registered voters within the political subdivision, the
659	647		24 county voter registration office is not required to verify whether
660	648		25 the remaining persons who signed the petition are registered
661	649		26 voters. If the county voter registration office does not determine
662	650		27 that at least five hundred twenty-five (525) persons who signed
663	651		28 the petition are registered voters, the county voter registration
664	652		29 office, not more than fifteen (15) business days after receiving a
665	653		30 petition, shall forward a copy of the petition to the county auditor.
666	654		31 Not more than ten (10) business days after receiving the copy of
667	655		32 the petition, the county auditor shall provide to the county voter
668	656		33 registration office a statement verifying:
669	657		34 (A) whether a person who signed the petition as a registered
670	658		35 voter but is not a registered voter, as determined by the county
671	659		36 voter registration office, is the owner of property in the
672	660		37 political subdivision; and
673	661		38 (B) whether a person who signed the petition as an owner of
674	662		39 property within the political subdivision does in fact own
675	663		40 property within the political subdivision.
676	664		41 (9) This subdivision does not apply to a controlled project
677	665		42 described in subsection (a)(1)(E) (before its expiration). The
678	666		SB 518—LS 7334/DI 125 16
679	667		1 county voter registration office, not more than ten (10) business
680	668		2 days after determining that at least five hundred twenty-five (525)
681	669		3 persons who signed the petition are registered voters or after
682	670		4 receiving the statement from the county auditor under subdivision
683	671		5 (8), as applicable, shall make the final determination of whether
684	672		6 a sufficient number of persons have signed the petition. Whenever
685	673		7 the name of an individual who signs a petition form as a
686	674		8 registered voter contains a minor variation from the name of the
687	675		9 registered voter as set forth in the records of the county voter
688	676		10 registration office, the signature is presumed to be valid, and there
689	677		11 is a presumption that the individual is entitled to sign the petition
690	678		12 under this section. Except as otherwise provided in this chapter,
691	679		13 in determining whether an individual is a registered voter, the
692	680		14 county voter registration office shall apply the requirements and
693	681		15 procedures used under IC 3 to determine whether a person is a
694	682		16 registered voter for purposes of voting in an election governed by
695	683		17 IC 3. However, an individual is not required to comply with the
696	684		18 provisions concerning providing proof of identification to be
697	685		19 considered a registered voter for purposes of this chapter. A
698	686		20 person is entitled to sign a petition only one (1) time in a
699	687		21 particular referendum process under this chapter, regardless of
700	688		22 whether the person owns more than one (1) parcel of real
701	689		23 property, mobile home assessed as personal property, or
702	690		24 manufactured home assessed as personal property or a
703	691		25 combination of those types of property within the political
704	692		26 subdivision and regardless of whether the person is both a
705	693		27 registered voter in the political subdivision and the owner of
706	694		28 property within the political subdivision. Notwithstanding any
707	695		29 other provision of this section, if a petition is presented to the
708	696		30 county voter registration office within forty-five (45) days before
709	697		31 an election, the county voter registration office may defer acting
710	698		32 on the petition, and the time requirements under this section for
711	699		33 action by the county voter registration office do not begin to run
712	700		34 until five (5) days after the date of the election.
713	701		35 (10) This subdivision does not apply to a controlled project
714	702		36 described in subsection (a)(1)(E) (before its expiration). The
715	703		37 county voter registration office must file a certificate and each
716	704		38 petition with:
717	705		39 (A) the township trustee, if the political subdivision is a
718	706		40 township, who shall present the petition or petitions to the
719	707		41 township board; or
720	708		42 (B) the body that has the authority to authorize the issuance of
721	709		SB 518—LS 7334/DI 125 17
722	710		1 the bonds or the execution of a lease, if the political
723	711		2 subdivision is not a township;
724	712		3 within thirty-five (35) business days of the filing of the petition
725	713		4 requesting the referendum process. The certificate must state the
726	714		5 number of petitioners who are owners of property within the
727	715		6 political subdivision and the number of petitioners who are
728	716		7 registered voters residing within the political subdivision.
729	717		8 (11) This subdivision does not apply to a controlled project
730	718		9 described in subsection (a)(1)(E) (before its expiration). If a
731	719		10 sufficient petition requesting the local public question process is
732	720		11 not filed by owners of property or registered voters as set forth in
733	721		12 this section, the political subdivision may issue bonds or enter
734	722		13 into a lease by following the provisions of law relating to the
735	723		14 bonds to be issued or lease to be entered into.
736	724		15 (c) If the proper officers of a political subdivision make a
737	725		16 preliminary determination to issue bonds or enter into a lease, the
738	726		17 officers shall provide to the county auditor:
739	727		18 (1) a copy of the notice required by subsection (b)(2); and
740	728		19 (2) any other information the county auditor requires to fulfill the
741	729		20 county auditor's duties under section 3.6 of this chapter.
742	730		21 (d) In addition to the procedures in subsection (b), if any capital
743	731		22 improvement components addressed in the most recent:
744	732		23 (1) threat assessment of the buildings within the school
745	733		24 corporation; or
746	734		25 (2) school safety plan (as described in IC 20-26-18.2-2(b));
747	735		26 concerning a particular school have not been completed or require
748	736		27 additional funding to be completed, before the school corporation may
749	737		28 impose property taxes to pay debt service on bonds or lease rentals for
750	738		29 a lease for a controlled project, and in addition to any other components
751	739		30 of the controlled project, the controlled project must include any capital
752	740		31 improvements necessary to complete those components described in
753	741		32 subdivisions (1) and (2) that have not been completed or that require
754	742		33 additional funding to be completed.
755	743		34 (e) In addition to the other procedures in this section, an ordinance
756	744		35 or resolution making a preliminary determination to issue bonds or
757	745		36 enter into leases that is considered for adoption must include a
758	746		37 statement of:
759	747		38 (1) the maximum annual debt service for the controlled project for
760	748		39 each year in which the debt service will be paid; and
761	749		40 (2) the schedule of the estimated annual tax levy and rate over a
762	750		41 ten (10) year period;
763	751		42 factoring in changes that will occur to the debt service levy and tax rate
764	752		SB 518—LS 7334/DI 125 18
765	753		1 during the period on account of any outstanding bonds or lease
766	754		2 obligations that will mature or terminate during the period.
767	755		3 SECTION 3. IC 6-1.1-20-13.5 IS ADDED TO THE INDIANA
768	756		4 CODE AS A NEW SECTION TO READ AS FOLLOWS
769	757		5 [EFFECTIVE MAY 10, 2025 (RETROACTIVE)]: Sec. 13.5. (a) This
770	758		6 section applies if the governing body of a school corporation
771	759		7 intends to adopt a resolution under section 3.1 or 3.5 of this
772	760		8 chapter after May 10, 2025, to impose property taxes to pay debt
773	761		9 service on bonds or lease rentals for a controlled project. However,
774	762		10 this section does not apply to a school corporation for which less
775	763		11 than one hundred (100) students who have legal settlement in the
776		-	12 school corporation attend a charter school~~, excluding a virtual~~
777		-	13 ~~charter school.~~
778		-	14 (b) The ~~following definitions apply throughout this section:~~
779		-	15 (1) "~~ADM~~" ~~has the meaning set forth in IC 20-18-2-2.~~
780		-	16 ~~(2) "Qualified~~ ~~charter school"~~ ~~means a charter~~ school ~~located~~
781		-	17 ~~within the attendance area of the~~ school corporation.
782		-	18 ~~(c) A school corporation that adopts a resolution under section~~
783		-	19 ~~3.1~~ or ~~3.5 of this chapter after May 10, 2025, to impose property~~
784		-	20 ~~taxes to pay debt service on bonds or lease rentals for~~ a ~~controlled~~
785		-	21 ~~project shall distribute a portion of~~ the ~~revenue collected to~~
786		-	22 ~~qualified charter~~ schools ~~in the manner provided in this section.~~
787		-	23 ~~The following schools are not eligible to receive a distribution~~
788		-	24 ~~under this section:~~
789		-	25 (1) ~~A virtual charter~~ school.
790		-	26 (2) ~~An adult high school.~~
791		-	27 ~~(d)~~ The ~~resolution shall include~~ a ~~projection of the amount that~~
792		-	28 ~~the~~ school ~~corporation expects to be distributed to a qualified~~
793		-	29 charter school~~, excluding virtual charter schools or adult high~~
794		-	30 ~~schools, unless~~ the ~~qualified charter school voluntarily elects to not~~
795		-	31 ~~participate in~~ the ~~manner described in subsection (e). At least sixty~~
796		-	32 ~~(60) days before~~ the ~~resolution is voted on by~~ the ~~governing body~~
797		-	33 of ~~the school corporation,~~ the ~~school corporation shall contact the~~
798		-	34 ~~department of education to determine the number of students in~~
799		-	35 ~~kindergarten through grade 12:~~
800		-	36 ~~(1) who have legal settlement in the~~ school ~~corporation but~~
801		-	37 ~~attend a qualified charter school,~~ ~~excluding virtual charter~~
802		-	38 ~~schools or adult high schools;~~ ~~and~~
803		-	39 ~~(2) who receive not more than fifty percent (50%) virtual~~
804		-	40 ~~instruction.~~
805		-	41 ~~Not later than fifty (50) days before~~ the ~~resolution is voted on by~~
806		-	42 ~~the governing body of~~ the school corporation, the ~~department~~ of
	764	+	12 school corporation attend a charter school.
	765	+	13 (b) The following definitions apply throughout this section:
	766	+	14 (1) "ADM" has the meaning set forth in IC 20-18-2-2.
	767	+	15 (2) "Qualified charter school" means a charter school located
	768	+	16 within the attendance area of the school corporation.
	769	+	17 (c) A school corporation that adopts a resolution under section
	770	+	18 3.1 or 3.5 of this chapter after May 10, 2025, to impose property
	771	+	19 taxes to pay debt service on bonds or lease rentals for a controlled
	772	+	20 project shall distribute a portion of the revenue collected to
	773	+	21 qualified charter schools in the manner provided in this section.
	774	+	22 The following schools are not eligible to receive a distribution
	775	+	23 under this section:
	776	+	24 (1) A virtual charter school.
	777	+	25 (2) An adult high school.
	778	+	26 (d) The resolution shall include a projection of the amount that
	779	+	27 the school corporation expects to be distributed to a qualified
	780	+	28 charter school, excluding virtual charter schools or adult high
	781	+	29 schools, unless the qualified charter school voluntarily elects to not
	782	+	30 participate in the manner described in subsection (e). At least sixty
	783	+	31 (60) days before the resolution is voted on by the governing body
	784	+	32 of the school corporation, the school corporation shall contact the
	785	+	33 department of education to determine the number of students in
	786	+	34 kindergarten through grade 12:
	787	+	35 (1) who have legal settlement in the school corporation but
	788	+	36 attend a qualified charter school, excluding virtual charter
	789	+	37 schools or adult high schools; and
	790	+	38 (2) who receive not more than fifty percent (50%) virtual
	791	+	39 instruction.
	792	+	40 Not later than fifty (50) days before the resolution is voted on by
	793	+	41 the governing body of the school corporation, the department of
	794	+	42 education shall provide the school corporation with the number of
807	795		SB 518—LS 7334/DI 125 19
808		-	1 ~~education shall provide~~ the school corporation ~~with the number of~~
809		-	2 ~~students with legal settlement in the~~ school ~~corporation~~ who ~~attend~~
810		-	3 ~~a qualified charter school and who receive not more than fifty~~
811		-	4 ~~percent (50%)~~ virtual ~~instruction, which shall be disaggregated for~~
812		-	5 ~~each qualified charter~~ school~~, excluding a virtual charter school or~~
813		-	6 ~~adult high school.~~
814		-	7 ~~(e) At least forty-five (45) days before~~ the ~~resolution is voted on~~
815		-	8 ~~by the governing body of the~~ school ~~corporation~~, ~~the school~~
816		-	9 ~~corporation shall contact each qualified~~ charter ~~school~~, ~~excluding~~
817		-	10 ~~virtual charter schools or adult high schools, disclosed by~~ the
818		-	11 ~~department of education~~ to the school ~~corporation under~~
819		-	12 ~~subsection (d)~~ to ~~determine whether~~ the ~~qualified charter school~~
820		-	13 ~~will elect to not participate.~~ The ~~notice must include~~ the ~~total~~
821		-	14 amount of the ~~school corporation's expected need, the~~
822		-	15 ~~corresponding estimate for that amount divided by~~ the ~~number of~~
823		-	16 ~~students enrolled in~~ the school corporation~~, and the date~~ on ~~which~~
824		-	17 the ~~governing body of the~~ school ~~corporation will vote on the~~
825		-	18 ~~resolution. If~~ the qualified charter school ~~elects~~ to ~~not participate,~~
826		-	19 the ~~qualified charter~~ school ~~must respond in writing to the~~
827		-	20 ~~governing body~~ of the school ~~corporation, which may be by~~
828		-	21 ~~electronic mail addressed~~ to the ~~superintendent of~~ the ~~school~~
829		-	22 ~~corporation, at least thirty (30) days prior~~ to the ~~date that~~ the
830		-	23 ~~resolution is~~ to ~~be voted on by the governing body of the school~~
831		-	24 corporation~~. If~~ the qualified ~~charter school elects to not participate,~~
832		-	25 the ~~school corporation may exclude distributions to the qualified~~
833		-	26 charter school ~~under this section and from the projection described~~
834		-	27 in subsection ~~(d). In addition,~~ a ~~qualified charter school that will~~
835		-	28 ~~participate under this subsection shall contribute a proportionate~~
836		-	29 ~~share of~~ the ~~cost to conduct the petition and remonstrance process~~
837		-	30 ~~or referendum, as applicable, based on~~ the ~~total combined ADM of~~
838		-	31 ~~the school corporation and any participating qualified charter~~
839		-	32 ~~schools.~~
840		-	33 ~~(f) The county auditor of the county in which the school~~
841		-	34 ~~corporation is located shall distribute an amount under subsection~~
842		-	35 ~~(g) to each qualified charter school~~, ~~excluding virtual charter~~
843		-	36 ~~schools or adult high schools, that a student who resides within~~ the
844		-	37 ~~attendance area of the~~ school ~~corporation attends unless the~~
845		-	38 ~~qualified charter school elects to not participate under subsection~~
846		-	39 ~~(e). The department of education shall provide~~ the county auditor
847		-	40 ~~with data and information necessary for the county auditor to~~
848		-	41 ~~determine:~~
849		-	42 ~~(1) which qualified charter schools are eligible to receive a~~
	796	+	1 students with legal settlement in the school corporation who attend
	797	+	2 a qualified charter school and who receive not more than fifty
	798	+	3 percent (50%) virtual instruction, which shall be disaggregated for
	799	+	4 each qualified charter school, excluding a virtual charter school or
	800	+	5 adult high school.
	801	+	6 (e) At least forty-five (45) days before the resolution is voted on
	802	+	7 by the governing body of the school corporation, the school
	803	+	8 corporation shall contact each qualified charter school, excluding
	804	+	9 virtual charter schools or adult high schools, disclosed by the
	805	+	10 department of education to the school corporation under
	806	+	11 subsection (d) to determine whether the qualified charter school
	807	+	12 will elect to not participate. The notice must include the total
	808	+	13 amount of the school corporation's expected need, the
	809	+	14 corresponding estimate for that amount divided by the number of
	810	+	15 students enrolled in the school corporation, and the date on which
	811	+	16 the governing body of the school corporation will vote on the
	812	+	17 resolution. If the qualified charter school elects to not participate,
	813	+	18 the qualified charter school must respond in writing to the
	814	+	19 governing body of the school corporation, which may be by
	815	+	20 electronic mail addressed to the superintendent of the school
	816	+	21 corporation, at least thirty (30) days prior to the date that the
	817	+	22 resolution is to be voted on by the governing body of the school
	818	+	23 corporation. If the qualified charter school elects to not participate,
	819	+	24 the school corporation may exclude distributions to the qualified
	820	+	25 charter school under this section and from the projection described
	821	+	26 in subsection (d). In addition, a qualified charter school that will
	822	+	27 participate under this subsection shall contribute a proportionate
	823	+	28 share of the cost to conduct the petition and remonstrance process
	824	+	29 or referendum, as applicable, based on the total combined ADM of
	825	+	30 the school corporation and any participating qualified charter
	826	+	31 schools.
	827	+	32 (f) The county auditor of the county in which the school
	828	+	33 corporation is located shall distribute an amount under subsection
	829	+	34 (g) to each qualified charter school, excluding virtual charter
	830	+	35 schools or adult high schools, that a student who resides within the
	831	+	36 attendance area of the school corporation attends unless the
	832	+	37 qualified charter school elects to not participate under subsection
	833	+	38 (e). The department of education shall provide the county auditor
	834	+	39 with data and information necessary for the county auditor to
	835	+	40 determine:
	836	+	41 (1) which qualified charter schools are eligible to receive a
	837	+	42 distribution under this section; and
850	838		SB 518—LS 7334/DI 125 20
851		-	1 ~~distribution under this section;~~ ~~and~~
852		-	2 (2) the ~~number~~ of ~~students who:~~
853		-	3 ~~(A) reside within~~ the ~~attendance area of the school~~
854		-	4 ~~corporation who are included in the ADM for each~~
855		-	5 ~~qualified charter school~~, ~~excluding virtual charter schools~~
856		-	6 ~~or adult high schools,~~ ~~described in subdivision~~ (1)~~; and~~
857		-	7 ~~(B) receive not more than fifty percent (50%) virtual~~
858		-	8 ~~instruction.~~
859		-	9 ~~(g) For the purposes of the calculations made in this subsection,~~
860		-	10 ~~each eligible~~ school ~~that has entered into an agreement with~~ a
861		-	11 school ~~corporation~~ to ~~participate as a participating innovation~~
862		-	12 ~~network charter~~ school ~~under IC 20-25.7-5 is considered to have an~~
863		-	13 ~~ADM~~ that ~~is separate from~~ the ~~school corporation.~~ ~~The amount~~
864		-	14 ~~that the county auditor shall distribute to a qualified~~ charter
865		-	15 ~~school, excluding virtual charter schools or adult high schools,~~
866		-	16 ~~under this section is the amount determined in the last STEP of the~~
867		-	17 ~~following STEPS~~:
868		-	18 ~~STEP ONE:~~ ~~Determine~~, ~~for each qualified charter school that~~
869		-	19 ~~is eligible to receive a distribution under this section,~~
870		-	20 ~~excluding virtual charter schools or adult high schools, the~~
871		-	21 ~~number~~ of ~~students who:~~
872		-	22 ~~(A) reside within~~ the ~~attendance area~~ of the ~~school~~
873		-	23 ~~corporation who are currently included in the ADM of the~~
874		-	24 ~~qualified charter school;~~ ~~and~~
875		-	25 ~~(B) receive not more than fifty percent (50%) virtual~~
876		-	26 ~~instruction.~~
877		-	27 ~~STEP TWO: Determine~~ the ~~sum of:~~
878		-	28 ~~(A) the current ADM count for the school corporation,~~
879		-	29 ~~excluding students who:~~
880		-	30 ~~(i) receive more than fifty percent (50%) virtual~~
881		-	31 ~~instruction; and~~
882		-	32 ~~(ii) attend~~ the school corporation ~~but do not have legal~~
883		-	33 ~~settlement in~~ the ~~school corporation;~~ ~~plus~~
884		-	34 ~~(B)~~ the ~~total number of all students~~ who ~~reside within the~~
885		-	35 ~~attendance area~~ of ~~the school corporation who are~~
886		-	36 ~~currently included in the ADM of a qualified~~ charter
887		-	37 ~~school~~, ~~excluding virtual charter schools or adult high~~
888		-	38 ~~schools, and receive not more than fifty percent (50%)~~
889		-	39 ~~virtual instruction.~~
890		-	40 ~~STEP THREE~~: ~~For each qualified charter school, determine~~
891		-	41 the ~~result of:~~
892		-	42 (A) the STEP ~~ONE~~ amount~~; divided by~~
	839	+	1 (2) the number of students who:
	840	+	2 (A) reside within the attendance area of the school
	841	+	3 corporation who are included in the ADM for each
	842	+	4 qualified charter school, excluding virtual charter schools
	843	+	5 or adult high schools, described in subdivision (1); and
	844	+	6 (B) receive not more than fifty percent (50%) virtual
	845	+	7 instruction.
	846	+	8 (g) For the purposes of the calculations made in this subsection,
	847	+	9 each eligible school that has entered into an agreement with a
	848	+	10 school corporation to participate as a participating innovation
	849	+	11 network charter school under IC 20-25.7-5 is considered to have an
	850	+	12 ADM that is separate from the school corporation. The amount
	851	+	13 that the county auditor shall distribute to a qualified charter
	852	+	14 school, excluding virtual charter schools or adult high schools,
	853	+	15 under this section is the amount determined in the last STEP of the
	854	+	16 following STEPS:
	855	+	17 STEP ONE: Determine, for each qualified charter school that
	856	+	18 is eligible to receive a distribution under this section,
	857	+	19 excluding virtual charter schools or adult high schools, the
	858	+	20 number of students who:
	859	+	21 (A) reside within the attendance area of the school
	860	+	22 corporation who are currently included in the ADM of the
	861	+	23 qualified charter school; and
	862	+	24 (B) receive not more than fifty percent (50%) virtual
	863	+	25 instruction.
	864	+	26 STEP TWO: Determine the sum of:
	865	+	27 (A) the current ADM count for the school corporation,
	866	+	28 excluding students who:
	867	+	29 (i) receive more than fifty percent (50%) virtual
	868	+	30 instruction; and
	869	+	31 (ii) attend the school corporation but do not have legal
	870	+	32 settlement in the school corporation; plus
	871	+	33 (B) the total number of all students who reside within the
	872	+	34 attendance area of the school corporation who are
	873	+	35 currently included in the ADM of a qualified charter
	874	+	36 school, excluding virtual charter schools or adult high
	875	+	37 schools, and receive not more than fifty percent (50%)
	876	+	38 virtual instruction.
	877	+	39 STEP THREE: For each qualified charter school, determine
	878	+	40 the result of:
	879	+	41 (A) the STEP ONE amount; divided by
	880	+	42 (B) the STEP TWO amount.
893	881		SB 518—LS 7334/DI 125 21
894		-	1 ~~(B)~~ the ~~STEP TWO~~ amount.
895		-	2 ~~STEP FOUR:~~ To determine ~~the distribution amount for a~~
896		-	3 ~~qualified charter school,~~ ~~determine:~~
897		-	4 ~~(A) for the initial installment period in the first year in~~
898		-	5 ~~which property taxes are collected to pay debt service on~~
899		-	6 ~~bonds or lease rentals for~~ the ~~controlled project that~~
900		-	7 ~~follows~~ the ~~approval~~ by ~~the voters, the result of:~~
901		-	8 (i) the ~~STEP THREE amount; multiplied~~ by
902		-	9 ~~(ii)~~ the ~~amount collected by the county auditor during~~
903		-	10 ~~the~~ installment period~~; and~~
904		-	11 ~~(B) for each~~ subsequent ~~installment period~~ in ~~each~~
905		-	12 ~~subsequent year in which property taxes are collected to~~
906		-	13 ~~pay debt service on bonds or lease rentals for~~ the
907		-	14 ~~controlled project~~, the ~~amount determined in clause (A).~~
908		-	15 ~~(h) Not later than May 25, 2025,~~ the ~~department of local~~
909		-	16 ~~government finance~~ shall ~~prescribe the manner in which a~~
910		-	17 ~~projection described in subsection (d) shall be calculated~~.
911		-	18 SECTION 4~~. IC 20-24-3-19~~ IS ~~ADDED~~ TO ~~THE INDIANA CODE~~
912		-	19 AS A ~~NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY~~
913		-	20 1, ~~2025]: Sec. 19. (a) This section applies to~~ a ~~charter~~ school ~~that~~
914		-	21 ~~receives property tax revenue under any statute referred to in~~
915		-	22 ~~IC 20-24-7-6~~.~~1 and IC 20-24-7-6.2~~
916		-	23 ~~(b) As used in this section "executive" has~~ the ~~meaning set forth~~
917		-	24 in ~~IC 36-1-2-5~~.
918		-	25 (c) In ~~the case of~~ a ~~charter school that is located within a city,~~
919		-	26 ~~including~~ a ~~consolidated city, the executive shall appoint one (1)~~
920		-	27 ~~individual to serve as a member of~~ the ~~governing board of a~~
921		-	28 charter school.
922		-	29 ~~(d)~~ In the ~~case of a charter school that is located in an~~
923		-	30 ~~unincorporated area within~~ a ~~county, the county executive shall~~
924		-	31 ~~appoint one (1) individual to serve as a member of~~ the ~~governing~~
925		-	32 ~~board of~~ a charter school.
926		-	33 ~~SECTION 5.~~ IC 20-~~24-4-1, AS AMENDED BY P~~.~~L.150-2024,~~
927		-	34 SECTION 13, ~~IS AMENDED TO READ~~ AS ~~FOLLOWS [EFFECTIVE~~
928		-	35 ~~JULY 1~~, ~~2025]: Sec.~~ ~~1. (a) A charter must meet the following~~
929		-	36 ~~requirements~~:
930		-	37 ~~(1) Be a written instrument.~~
931		-	38 (2) ~~Be executed by an authorizer~~ and ~~an organizer.~~
932		-	39 ~~(3) Confer certain rights,~~ ~~franchises, privileges,~~ ~~and obligations~~
933		-	40 on a ~~charter school.~~
934		-	41 (4) ~~Confirm the status of~~ a ~~charter school as a public school.~~
935		-	42 ~~(5) Subject to subdivision (6)(E), be granted for:~~
	882	+	1 STEP FOUR: To determine the distribution amount for a
	883	+	2 qualified charter school, determine:
	884	+	3 (A) for the initial installment period in the first year in
	885	+	4 which property taxes are collected to pay debt service on
	886	+	5 bonds or lease rentals for the controlled project that
	887	+	6 follows the approval by the voters, the result of:
	888	+	7 (i) the STEP THREE amount; multiplied by
	889	+	8 (ii) the amount collected by the county auditor during
	890	+	9 the installment period; and
	891	+	10 (B) for each subsequent installment period in each
	892	+	11 subsequent year in which property taxes are collected to
	893	+	12 pay debt service on bonds or lease rentals for the
	894	+	13 controlled project, the amount determined in clause (A).
	895	+	14 (h) Not later than May 25, 2025, the department of local
	896	+	15 government finance shall prescribe the manner in which a
	897	+	16 projection described in subsection (d) shall be calculated.
	898	+	17 SECTION 4. IC 20-24-7-6, AS AMENDED BY P.L.189-2023,
	899	+	18 SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	900	+	19 MAY 10, 2025 (RETROACTIVE)]: Sec. 6. (a) With the approval of a
	901	+	20 majority of the members of the governing body, a school corporation
	902	+	21 may distribute a proportionate share of the school corporation's
	903	+	22 operations fund to a charter school. A charter school may elect to
	904	+	23 distribute a proportionate share of the charter school's operations fund
	905	+	24 to the school corporation in whose district the charter school is located.
	906	+	25 (b) Except as provided in IC 20-46-1-21 and IC 20-46-9-22, a
	907	+	26 governing body may distribute money that is received as part of a tax
	908	+	27 levy collected under IC 20-46-1 from the school corporation's
	909	+	28 education fund to a charter school, excluding a virtual charter school,
	910	+	29 in the manner provided by IC 20-46-1-8(e).
	911	+	30 (c) Except as provided in IC 20-46-1-21 and IC 20-46-9-22, a
	912	+	31 governing body may distribute money from the school safety
	913	+	32 referendum tax levy fund to a charter school, excluding a virtual
	914	+	33 charter school, in the manner prescribed by IC 20-46-9-6(b).
	915	+	34 SECTION 5. IC 20-24-7-6.1, AS ADDED BY P.L.201-2023,
	916	+	35 SECTION 153, IS AMENDED TO READ AS FOLLOWS
	917	+	36 [EFFECTIVE JULY 1, 2025]: Sec. 6.1. (a) This section applies to
	918	+	37 revenue collected:
	919	+	38 (1) after June 30, 2024, and before January 1, 2026, from a tax
	920	+	39 levy imposed under IC 20-46-8 by the governing body of a school
	921	+	40 corporation described in IC 20-46-8-11.2(a); and
	922	+	41 (2) after December 31, 2025, from a tax levy imposed under
	923	+	42 IC 20-46-7 or IC 20-46-8 by the governing body of a school
936	924		SB 518—LS 7334/DI 125 22
937		-	1 ~~(A) not less than three (3) years or more than fifteen (15)~~
938		-	2 ~~years;~~ and
939		-	3 ~~(B)~~ a ~~fixed number of years agreed to by the authorizer and the~~
940		-	4 ~~organizer.~~
941		-	5 ~~(6) Provide~~ for the ~~following:~~
942		-	6 ~~(A) A review by the authorizer of the charter~~ school's
943		-	7 ~~performance, including~~ the ~~progress of the charter school in~~
944		-	8 ~~achieving the academic goals set forth in the charter, at least~~
945		-	9 ~~one~~ (1) ~~time~~ in ~~each five (5)~~ year ~~period while the charter is in~~
946		-	10 ~~effect.~~
947		-	11 ~~(B) Renewal,~~ ~~if the authorizer and the organizer agree~~ to ~~renew~~
948		-	12 ~~the~~ charter.
949		-	13 ~~(C)~~ The ~~renewal application must include guidance from the~~
950		-	14 ~~authorizer~~, ~~and~~ the ~~guidance must include the performance~~
951		-	15 ~~criteria that will guide~~ the ~~authorizer's renewal decisions.~~
952		-	16 ~~(D)~~ The ~~renewal application process must,~~ ~~at a minimum,~~
953		-	17 ~~provide an opportunity for the charter~~ school ~~to:~~
954		-	18 ~~(i) present additional evidence~~, ~~beyond the data contained in~~
955		-	19 ~~the performance report~~, ~~supporting its case for charter~~
956		-	20 ~~renewal;~~
957		-	21 ~~(ii) describe improvements undertaken or planned for~~ the
958		-	22 ~~charter school;~~ and
959		-	23 ~~(iii) detail~~ the ~~charter school's plans for the next charter~~
960		-	24 ~~term.~~
961		-	25 (E) ~~Not later than the end of the calendar year in which the~~
962		-	26 ~~charter school seeks renewal of~~ a ~~charter, the governing board~~
963		-	27 ~~of a charter school seeking renewal shall submit a renewal~~
964		-	28 ~~application to~~ the ~~charter authorizer under~~ the ~~renewal~~
965		-	29 ~~application guidance issued by the authorizer.~~ ~~The authorizer~~
966		-	30 ~~shall make~~ a ~~final ruling on the renewal application not later~~
967		-	31 ~~than April 1 after~~ the ~~filing of the renewal application. A~~
968		-	32 ~~renewal granted under this clause is not subject to the three (3)~~
969		-	33 ~~year minimum described~~ in ~~subdivision (5).~~ The ~~April 1~~
970		-	34 ~~deadline does not apply to any review or appeal~~ of ~~a final~~
971		-	35 ~~ruling. After the final ruling is issued,~~ ~~the~~ charter school ~~may~~
972		-	36 ~~obtain further review by~~ the ~~authorizer of the authorizer's final~~
973		-	37 ~~ruling in accordance with the terms of the charter school's~~
974		-	38 ~~charter and~~ the ~~protocols of~~ the ~~authorizer.~~
975		-	39 ~~(7) Specify the grounds for the authorizer to:~~
976		-	40 ~~(A) revoke the charter before the end~~ of ~~the term for which the~~
977		-	41 charter ~~is granted;~~ or
978		-	42 ~~(B) not renew a~~ charter.
	925	+	1 corporation.
	926	+	2 (b) Beginning In calendar year 2025, and each year thereafter, the
	927	+	3 county auditor shall distribute money that is received as part of a tax
	928	+	4 levy collected under IC 20-46-8 to an eligible charter school, excluding
	929	+	5 a virtual charter school and adult high school, for deposit in the charter
	930	+	6 school's operations fund created under IC 20-40-18-1. The distributions
	931	+	7 shall be made at the same time that tax levy revenue is required to be
	932	+	8 distributed to school corporations.
	933	+	9 (c) Beginning in calendar year 2026, and each year thereafter,
	934	+	10 the county auditor shall distribute money that is received as part
	935	+	11 of a tax levy collected under IC 20-46-7 or IC 20-46-8 to an eligible
	936	+	12 charter school, excluding a virtual charter school and adult high
	937	+	13 school, in the manner prescribed by IC 20-46-7-17 or
	938	+	14 IC 20-46-8-13, as applicable, for deposit in the charter school's
	939	+	15 operations fund created under IC 20-40-18-1. The distributions
	940	+	16 shall be made at the same time that tax levy revenue is required to
	941	+	17 be distributed to school corporations.
	942	+	18 SECTION 6. IC 20-24-7-6.2, AS ADDED BY P.L.189-2023,
	943	+	19 SECTION 5, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	944	+	20 MAY 10, 2025 (RETROACTIVE)]: Sec. 6.2. (a) This section applies
	945	+	21 to a levy resulting from a resolution adopted by the governing body
	946	+	22 under IC 6-1.1-20 and a resolution to place a referendum on the ballot
	947	+	23 adopted by the governing body under IC 20-46-1-8, IC 20-46-1-8.5,
	948	+	24 IC 20-46-9-6, or IC 20-46-9-7:
	949	+	25 (1) after May 10, 2023, and before May 11, 2025, for counties
	950	+	26 described in IC 20-46-1-21(a) and IC 20-46-9-22(a); and
	951	+	27 (2) after May 10, 2025, for all counties.
	952	+	28 (b) The county auditor in the county in which the applicable school
	953	+	29 corporation is located shall distribute money that is received as part of
	954	+	30 a tax levy collected under IC 20-46-1 to an applicable charter school,
	955	+	31 excluding a virtual charter school, in the manner provided by
	956	+	32 IC 20-46-1-21.
	957	+	33 (c) The county auditor in the county in which the applicable school
	958	+	34 corporation is located shall distribute money that is received as part of
	959	+	35 a tax levy collected under IC 20-46-9 to an applicable charter school,
	960	+	36 excluding a virtual charter school, in the manner prescribed by
	961	+	37 IC 20-46-9-22.
	962	+	38 (d) The county auditor in the county in which the applicable
	963	+	39 school corporation is located shall distribute money that is received
	964	+	40 as part of a tax levy collected under IC 6-1.1-20 to a qualified
	965	+	41 charter school (as defined in IC 6-1.1-20-13.5(b), excluding a
	966	+	42 virtual charter school, in the manner prescribed by
979	967		SB 518—LS 7334/DI 125 23
980		-	1 ~~(8) Set forth the methods by which the charter school will be held~~
981		-	2 ~~accountable for achieving the educational mission and goals of~~
982		-	3 ~~the charter~~ school~~, including the following:~~
983		-	4 (A~~) Evidence of improvement in:~~
984		-	5 ~~(i) assessment measures,~~ ~~including the statewide assessment~~
985		-	6 ~~program measures;~~
986		-	7 ~~(ii) attendance rates;~~
987		-	8 ~~(iii) graduation rates (if appropriate);~~
988		-	9 (iv) ~~increased numbers of Indiana diplomas with~~ a ~~Core 40~~
989		-	10 ~~designation or increased numbers of Indiana diploma~~
990		-	11 ~~designations established under~~ IC 20~~-19-2-21 and other~~
991		-	12 ~~college and career ready indicators including advanced~~
992		-	13 ~~placement participation and passage,~~ ~~dual credit~~
993		-	14 ~~participation and passage, and International Baccalaureate~~
994		-	15 ~~participation and passage (if~~ ~~appropriate);~~
995		-	16 ~~(v) increased numbers of Indiana diplomas with Core 40~~
996		-	17 ~~with academic honors and technical honors designations (if~~
997		-	18 ~~appropriate~~);
998		-	19 ~~(vi) student academic growth;~~
999		-	20 ~~(vii) financial performance and stability;~~ ~~and~~
1000		-	21 (~~viii~~) ~~governing board performance and stewardship,~~
1001		-	22 ~~including compliance with applicable laws, rules and~~
1002		-	23 ~~regulations, and~~ charter ~~terms~~.
1003		-	24 ~~(B) Evidence of progress toward reaching the educational~~
1004		-	25 ~~goals set by the organizer.~~
1005		-	26 ~~(9) Describe the method to be used to monitor the charter~~
1006		-	27 ~~school's:~~
1007		-	28 (A) ~~compliance with applicable law; and~~
1008		-	29 (B) ~~performance in meeting targeted educational performance.~~
1009		-	30 ~~(10) Specify that the authorizer and the organizer may amend the~~
1010		-	31 ~~charter during the term of the charter~~ by ~~mutual consent and~~
1011		-	32 ~~describe the process for amending the charter.~~
1012		-	33 (11) ~~Describe specific operating requirements,~~ ~~including all the~~
1013		-	34 ~~matters set forth~~ in ~~the application for~~ the ~~charter.~~
1014		-	35 ~~(12) Specify~~ a ~~date when the charter school will:~~
1015		-	36 (A~~) begin~~ school ~~operations; and~~
1016		-	37 ~~(B) have students attending~~ the ~~charter school.~~
1017		-	38 ~~(13) Specify that records of~~ a ~~charter school relating to the~~
1018		-	39 school~~'s operation and charter are subject to inspection and~~
1019		-	40 ~~copying to~~ the ~~same extent that records of a public school are~~
1020		-	41 ~~subject to inspection and copying under IC 5-14-3.~~
1021		-	42 (14) ~~Specify that records provided~~ by ~~the charter school to the~~
	968	+	1 IC 6-1.1-20-13.5.
	969	+	2 (d) (e) A charter school that may receive money from a school
	970	+	3 corporation's tax levy collected under IC 6-1.1-20, a school
	971	+	4 corporation's tax levy collected under IC 20-46-1, or a school safety
	972	+	5 referendum tax levy under IC 20-46-9 may not promote a position on
	973	+	6 is prohibited from promoting a referendum in the same manner as a
	974	+	7 school corporation is prohibited from promoting a position on a
	975	+	8 referendum under IC 20-46-1-20.
	976	+	9 (e) (f) If a charter school receives a distribution from a school
	977	+	10 corporation from a school corporation's tax levy collected under
	978	+	11 IC 6-1.1-20, the school corporation's tax levy collected under
	979	+	12 IC 20-46-1, or a school safety referendum tax levy under IC 20-46-9,
	980	+	13 the charter school must post the following on the charter school's
	981	+	14 website:
	982	+	15 (1) The specific purposes for which the revenue received from the
	983	+	16 tax levy will be used.
	984	+	17 (2) An estimate of the annual dollar amounts that will be
	985	+	18 expended for each purpose described in subdivision (1).
	986	+	19 SECTION 7. IC 20-24-13-1, AS ADDED BY P.L.213-2015,
	987	+	20 SECTION 162, IS AMENDED TO READ AS FOLLOWS
	988	+	21 [EFFECTIVE JULY 1, 2025]: Sec. 1. (a) This chapter applies to the
	989	+	22 following:
	990	+	23 (1) A charter school. that does not receive a pro rata share of local
	991	+	24 property tax revenue.
	992	+	25 (2) An innovation network school located in a school city, as
	993	+	26 defined in IC 20-25-2-12, that existed on January 1, 2015 that
	994	+	27 does not receive a pro rata share of local property tax revenue
	995	+	28 (referred to as an innovation network school in this chapter).
	996	+	29 (b) This chapter does not apply to a virtual charter school or an adult
	997	+	30 high school.
	998	+	31 SECTION 8. IC 20-24-13-6, AS AMENDED BY P.L.201-2023,
	999	+	32 SECTION 158, IS AMENDED TO READ AS FOLLOWS
	1000	+	33 [EFFECTIVE JULY 1, 2025]: Sec. 6. (a) Subject to section 7 of this
	1001	+	34 chapter, the department, in collaboration with the state board,
	1002	+	35 shall determine a school's annual grant amount for a grant under
	1003	+	36 this chapter. A school shall provide the department with any
	1004	+	37 information necessary, in the manner prescribed by the
	1005	+	38 department, to determine a school's annual grant amount under
	1006	+	39 this section. The annual grant amount for a school for a state fiscal
	1007	+	40 year is the following:
	1008	+	41 (1) For the state fiscal year beginning July 1, 2021:
	1009	+	42 (A) one thousand dollars ($1,000); multiplied by
1022	1010		SB 518—LS 7334/DI 125 24
1023		-	1 department or authorizer that relate to compliance by the
1024		-	2 organizer with the terms of the charter or applicable state or
1025		-	3 federal laws are subject to inspection and copying in accordance
1026		-	4 with IC 5-14-3.
1027		-	5 (15) Specify that the charter school is subject to the requirements
1028		-	6 of IC 5-14-1.5.
1029		-	7 (16) This subdivision applies to a charter established or renewed
1030		-	8 for an adult high school after June 30, 2014. The charter must
1031		-	9 require:
1032		-	10 (A) that the school will offer flexible scheduling;
1033		-	11 (B) that students will not complete the majority of instruction
1034		-	12 of the school's curriculum online or through remote
1035		-	13 instruction;
1036		-	14 (C) that the school will offer dual credit or industry
1037		-	15 certification course work that aligns with career pathways as
1038		-	16 recommended by the Indiana career council established by
1039		-	17 IC 22-4.5-9-3 (expired); and
1040		-	18 (D) a plan:
1041		-	19 (i) to support successful program completion and to assist
1042		-	20 transition of graduates to the workforce or to a
1043		-	21 postsecondary education upon receiving a diploma from the
1044		-	22 adult high school; and
1045		-	23 (ii) to review individual student accomplishments and
1046		-	24 success after a student receives a diploma from the adult
1047		-	25 high school.
1048		-	26 (17) In the case of a charter school that is subject to
1049		-	27 IC 20-24-3-19, the charter must confirm that at least one (1)
1050		-	28 member of the governing board of the charter school will be
1051		-	29 appointed in accordance with IC 20-24-3-19.
1052		-	30 (b) A charter school shall set annual performance targets in
1053		-	31 conjunction with the charter school's authorizer. The annual
1054		-	32 performance targets shall be designed to help each school meet
1055		-	33 applicable federal, state, and authorizer expectations.
1056		-	34 SECTION 6. IC 20-24-7-6, AS AMENDED BY P.L.189-2023,
1057		-	35 SECTION 4, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1058		-	36 MAY 10, 2025 (RETROACTIVE)]: Sec. 6. (a) With the approval of a
1059		-	37 majority of the members of the governing body, a school corporation
1060		-	38 may distribute a proportionate share of the school corporation's
1061		-	39 operations fund to a charter school. A charter school may elect to
1062		-	40 distribute a proportionate share of the charter school's operations fund
1063		-	41 to the school corporation in whose district the charter school is located.
1064		-	42 (b) Except as provided in IC 20-46-1-21 and IC 20-46-9-22, a
1065		-	SB 518—LS 7334/DI 125 25
1066		-	1 governing body may distribute money that is received as part of a tax
1067		-	2 levy collected under IC 20-46-1 from the school corporation's
1068		-	3 education fund to a charter school, excluding a virtual charter school,
1069		-	4 in the manner provided by IC 20-46-1-8(e).
1070		-	5 (c) Except as provided in IC 20-46-1-21 and IC 20-46-9-22, a
1071		-	6 governing body may distribute money from the school safety
1072		-	7 referendum tax levy fund to a charter school, excluding a virtual
1073		-	8 charter school, in the manner prescribed by IC 20-46-9-6(b).
1074		-	9 SECTION 7. IC 20-24-7-6.1, AS ADDED BY P.L.201-2023,
1075		-	10 SECTION 153, IS AMENDED TO READ AS FOLLOWS
1076		-	11 [EFFECTIVE JULY 1, 2025]: Sec. 6.1. (a) This section applies to
1077		-	12 revenue collected:
1078		-	13 (1) after June 30, 2024, and before January 1, 2028, from a tax
1079		-	14 levy imposed under IC 20-46-8 by the governing body of a school
1080		-	15 corporation described in IC 20-46-8-11.2(a);
1081		-	16 (2) after December 31, 2025, in the case of a tax levy imposed
1082		-	17 under IC 20-46-7 by the governing body of a school
1083		-	18 corporation; and
1084		-	19 (3) after December 31, 2027, in the case of a tax levy imposed
1085		-	20 under IC 20-46-8 by the governing body of a school
1086		-	21 corporation.
1087		-	22 (b) Beginning In calendar year 2025, 2026, and 2027, and each year
1088		-	23 thereafter, the county auditor shall distribute money that is received as
1089		-	24 part of a tax levy collected under IC 20-46-8 to an eligible charter
1090		-	25 school, excluding a virtual charter school and adult high school, for
1091		-	26 deposit in the charter school's operations fund created under
1092		-	27 IC 20-40-18-1. The distributions shall be made at the same time that
1093		-	28 tax levy revenue is required to be distributed to school corporations.
1094		-	29 (c) This subsection applies as follows:
1095		-	30 (1) Beginning in calendar year 2026, and each year thereafter,
1096		-	31 the county auditor shall distribute money that is received as
1097		-	32 part of a tax levy collected under IC 20-46-7 to an eligible
1098		-	33 charter school, excluding a virtual charter school and adult
1099		-	34 high school, in the manner prescribed by IC 20-46-7-17 for
1100		-	35 deposit in the charter school's operations fund created under
1101		-	36 IC 20-40-18-1.
1102		-	37 (2) Beginning in calendar year 2028, and each year thereafter,
1103		-	38 the county auditor shall distribute money that is received as
1104		-	39 part of a tax levy collected under IC 20-46-8 to an eligible
1105		-	40 charter school, excluding a virtual charter school and adult
1106		-	41 high school, in the manner prescribed by IC 20-46-8-13 for
1107		-	42 deposit in the charter school's operations fund created under
1108		-	SB 518—LS 7334/DI 125 26
1109		-	1 IC 20-40-18-1.
1110		-	2 The distributions shall be made at the same time that tax levy
1111		-	3 revenue is required to be distributed to school corporations.
1112		-	4 SECTION 8. IC 20-24-7-6.2, AS ADDED BY P.L.189-2023,
1113		-	5 SECTION 5, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1114		-	6 MAY 10, 2025 (RETROACTIVE)]: Sec. 6.2. (a) This section applies
1115		-	7 to a levy resulting from a resolution adopted by the governing body
1116		-	8 under IC 6-1.1-20 and a resolution to place a referendum on the ballot
1117		-	9 adopted by the governing body under IC 20-46-1-8, IC 20-46-1-8.5,
1118		-	10 IC 20-46-9-6, or IC 20-46-9-7:
1119		-	11 (1) after May 10, 2023, and before May 11, 2025, for counties
1120		-	12 described in IC 20-46-1-21(a) and IC 20-46-9-22(a); and
1121		-	13 (2) after May 10, 2025, for all counties.
1122		-	14 (b) The county auditor in the county in which the applicable school
1123		-	15 corporation is located shall distribute money that is received as part of
1124		-	16 a tax levy collected under IC 20-46-1 to an applicable charter school,
1125		-	17 excluding a virtual charter school, in the manner provided by
1126		-	18 IC 20-46-1-21.
1127		-	19 (c) The county auditor in the county in which the applicable school
1128		-	20 corporation is located shall distribute money that is received as part of
1129		-	21 a tax levy collected under IC 20-46-9 to an applicable charter school,
1130		-	22 excluding a virtual charter school, in the manner prescribed by
1131		-	23 IC 20-46-9-22.
1132		-	24 (d) The county auditor in the county in which the applicable
1133		-	25 school corporation is located shall distribute money that is received
1134		-	26 as part of a tax levy collected under IC 6-1.1-20 to a qualified
1135		-	27 charter school (as defined in IC 6-1.1-20-13.5(b)), excluding a
1136		-	28 virtual charter school, in the manner prescribed by
1137		-	29 IC 6-1.1-20-13.5. A qualified charter school (as defined in
1138		-	30 IC 6-1.1-20-13.5(b)) shall establish a separate account into which
1139		-	31 revenue received from a tax levy under IC 6-1.1-20 must be
1140		-	32 deposited.
1141		-	33 (d) (e) A charter school that may receive money from a school
1142		-	34 corporation's tax levy collected under IC 6-1.1-20, a school
1143		-	35 corporation's tax levy collected under IC 20-46-1, or a school safety
1144		-	36 referendum tax levy under IC 20-46-9 may not promote a position on
1145		-	37 is prohibited from promoting a referendum in the same manner as a
1146		-	38 school corporation is prohibited from promoting a position on a
1147		-	39 referendum under IC 20-46-1-20.
1148		-	40 (e) (f) If a charter school receives a distribution from a school
1149		-	41 corporation from a school corporation's tax levy collected under
1150		-	42 IC 6-1.1-20, the school corporation's tax levy collected under
1151		-	SB 518—LS 7334/DI 125 27
1152		-	1 IC 20-46-1, or a school safety referendum tax levy under IC 20-46-9,
1153		-	2 the charter school must post the following on the charter school's
1154		-	3 website:
1155		-	4 (1) The specific purposes for which the revenue received from the
1156		-	5 tax levy will be used.
1157		-	6 (2) An estimate of the annual dollar amounts that will be
1158		-	7 expended for each purpose described in subdivision (1).
1159		-	8 SECTION 9. IC 20-24-7-17 IS ADDED TO THE INDIANA CODE
1160		-	9 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
1161		-	10 1, 2025]: Sec. 17. (a) This section is in addition to any other
1162		-	11 requirement imposed on a charter school with respect to the
1163		-	12 closure of a charter school, including the payment of any
1164		-	13 outstanding debts.
1165		-	14 (b) In the case of a charter school that closes after the June or
1166		-	15 December distribution of property tax revenue, the charter school
1167		-	16 shall return any property tax revenue received from a levy
1168		-	17 referred to in sections 6.1 and 6.2 of this chapter to the school
1169		-	18 corporation in which the charter school is located. A charter school
1170		-	19 that closes is not entitled to any future distributions of property tax
1171		-	20 revenue from a levy referred to in sections 6.1 and 6.2 of this
1172		-	21 chapter.
1173		-	22 (c) If a charter school has outstanding debt at the time of the
1174		-	23 closure, the charter school must satisfy the outstanding debt in
1175		-	24 accordance with the following:
1176		-	25 (1) If the charter school owns the building but did not
1177		-	26 purchase the building under IC 20-26-7.1, the charter school
1178		-	27 must first sell the building and apply the proceeds received
1179		-	28 from the sale to pay off the outstanding debt.
1180		-	29 (2) If subdivision (1) does not apply, the charter school must
1181		-	30 satisfy the debt by means of any other revenue source legally
1182		-	31 available to the charter school.
1183		-	32 (d) A charter school that closes must notify the county fiscal
1184		-	33 body of the county in which the charter school is located of the
1185		-	34 closure and provide the county fiscal body with a certified copy of
1186		-	35 the resolution adopted by the charter school's governing body to
1187		-	36 close the charter school.
1188		-	37 SECTION 10. IC 20-24-13-1, AS ADDED BY P.L.213-2015,
1189		-	38 SECTION 162, IS AMENDED TO READ AS FOLLOWS
1190		-	39 [EFFECTIVE JULY 1, 2025]: Sec. 1. (a) This chapter applies to the
1191		-	40 following:
1192		-	41 (1) A charter school. that does not receive a pro rata share of local
1193		-	42 property tax revenue.
1194		-	SB 518—LS 7334/DI 125 28
1195		-	1 (2) An innovation network school located in a school city, as
1196		-	2 defined in IC 20-25-2-12, that existed on January 1, 2015 that
1197		-	3 does not receive a pro rata share of local property tax revenue
1198		-	4 (referred to as an innovation network school in this chapter).
1199		-	5 (b) This chapter does not apply to a virtual charter school or an adult
1200		-	6 high school.
1201		-	7 SECTION 11. IC 20-24-13-6, AS AMENDED BY P.L.201-2023,
1202		-	8 SECTION 158, IS AMENDED TO READ AS FOLLOWS
1203		-	9 [EFFECTIVE JULY 1, 2025]: Sec. 6. (a) Subject to section 7 of this
1204		-	10 chapter, the department, in collaboration with the state board,
1205		-	11 shall determine a school's annual grant amount for a grant under
1206		-	12 this chapter. A school shall provide the department with any
1207		-	13 information necessary, in the manner prescribed by the
1208		-	14 department, to determine a school's annual grant amount under
1209		-	15 this section. The annual grant amount for a school for a state fiscal
1210		-	16 year is the following:
1211		-	17 (1) For the state fiscal year beginning July 1, 2021:
1212		-	18 (A) one thousand dollars ($1,000); multiplied by
	1011	+	1 (B) the number of eligible pupils who are counted in the
	1012	+	2 current ADM of the school.
	1013	+	3 (2) For the state fiscal year beginning July 1, 2022:
	1014	+	4 (A) one thousand two hundred fifty dollars ($1,250);
	1015	+	5 multiplied by
	1016	+	6 (B) the number of eligible pupils who are counted in the
	1017	+	7 current ADM of the school.
	1018	+	8 (3) (1) For the state fiscal year beginning July 1, 2023, and each
	1019	+	9 state fiscal year thereafter: and for the state fiscal year
	1020	+	10 beginning July 1, 2024:
	1021	+	11 (A) one thousand four hundred dollars ($1,400); multiplied by
	1022	+	12 (B) the number of eligible pupils who are counted in the
	1023	+	13 current ADM of the school.
	1024	+	14 (2) Subject to subsection (b) and section 7 of this chapter, for
	1025	+	15 the state fiscal year beginning July 1, 2025, and each state
	1026	+	16 fiscal year thereafter:
	1027	+	17 (A) one thousand four hundred dollars ($1,400); multiplied
	1028	+	18 by
1213	1029		19 (B) the number of eligible pupils who are counted in the
1214	1030		20 current ADM of the school.
1215		-	21 (2) ~~For the state fiscal year beginning July 1~~, ~~2022:~~
1216		-	22 (A~~) one thousand two hundred fifty dollars ($1,250);~~
1217		-	23 ~~multiplied by~~
1218		-	24 ~~(B)~~ the ~~number~~ of ~~eligible pupils who are counted in the~~
1219		-	25 ~~current ADM of~~ the school.
1220		-	26 ~~(3) (1) For the state fiscal~~ year ~~beginning July~~ 1~~, 2023,~~ and ~~each~~
1221		-	27 ~~state fiscal year thereafter: and for the state fiscal year~~
1222		-	28 ~~beginning July 1, 2024~~:
1223		-	29 (A) one ~~thousand four hundred dollars ($1,400)~~; ~~multiplied~~ by
	1031	+	21 (b) Notwithstanding subsection (a), and subject to section 7 of
	1032	+	22 this chapter, the annual grant amount for a school for a state fiscal
	1033	+	23 year is determined in the last STEP of the following STEPS:
	1034	+	24 STEP ONE: Determine the aggregate sum of the property tax
	1035	+	25 revenue received by the school in the immediately preceding
	1036	+	26 calendar year from school corporations under IC 6-1.1-20 and
	1037	+	27 IC 20-46-7.
	1038	+	28 STEP TWO: Divide:
	1039	+	29 (A) the STEP ONE result; by
1224	1040		30 (B) the number of eligible pupils who are counted in the
1225	1041		31 current ADM of the school.
1226		-	32 (2) Subject to subsection (b) and section 7 of this chapter, for
1227		-	33 the state fiscal year beginning July 1, 2025, and each state
1228		-	34 fiscal year thereafter:
1229		-	35 (A) one thousand four hundred dollars ($1,400); multiplied
1230		-	36 by
1231		-	37 (B) the number of eligible pupils who are counted in the
1232		-	38 current ADM of the school.
1233		-	39 (b) Notwithstanding subsection (a), and subject to section 7 of
1234		-	40 this chapter, the annual grant amount for a school for a state fiscal
1235		-	41 year is determined in the last STEP of the following STEPS:
1236		-	42 STEP ONE: Determine the aggregate sum of the property tax
	1042	+	32 STEP THREE: Determine:
	1043	+	33 (A) one thousand four hundred dollars ($1,400); minus
	1044	+	34 (B) the STEP TWO result.
	1045	+	35 STEP FOUR: Determine the greater of:
	1046	+	36 (A) the STEP THREE result; or
	1047	+	37 (B) zero (0).
	1048	+	38 STEP FIVE: Determine the result of:
	1049	+	39 (A) the STEP FOUR result; multiplied by
	1050	+	40 (B) the number of eligible pupils who are counted in the
	1051	+	41 school's current ADM.
	1052	+	42 (c) A county auditor shall collaborate with the department to
	1053	+	SB 518—LS 7334/DI 125 25
	1054	+	1 the extent necessary to carry out this section.
	1055	+	2 SECTION 9. IC 20-24-13-7 IS ADDED TO THE INDIANA CODE
	1056	+	3 AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
	1057	+	4 1, 2025]: Sec. 7. (a) Before the department may distribute a grant
	1058	+	5 under this chapter, the department shall determine the total
	1059	+	6 amount of:
	1060	+	7 (1) property tax revenue that the charter school is set to
	1061	+	8 receive from a particular school corporation in a year from
	1062	+	9 levies imposed under:
	1063	+	10 (A) IC 6-1.1-20, as a result of a resolution to impose
	1064	+	11 property taxes adopted by the governing body after May
	1065	+	12 10, 2025; and
	1066	+	13 (B) IC 20-46-7; plus
	1067	+	14 (2) the total amount of the grant to be awarded to the charter
	1068	+	15 school under this chapter for the school year.
	1069	+	16 If the sum of subdivisions (1) and (2) for a particular charter
	1070	+	17 school exceeds the amount of property tax revenue that the school
	1071	+	18 corporation, if not for the application of this section, would receive
	1072	+	19 after sharing amounts of property tax revenue as otherwise
	1073	+	20 required by law, the department shall reduce the amount of the
	1074	+	21 grant amount to the charter school that exceeds the amount the
	1075	+	22 school corporation would otherwise receive.
	1076	+	23 (b) A county auditor shall collaborate with other county
	1077	+	24 auditors and the department to the extent necessary to comply with
	1078	+	25 the requirements of this section.
	1079	+	26 SECTION 10. IC 20-25.7-5-3, AS AMENDED BY P.L.162-2024,
	1080	+	27 SECTION 10, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1081	+	28 JULY 1, 2025]: Sec. 3. (a) For as long as a charter school remains a
	1082	+	29 participating innovation network charter school:
	1083	+	30 (1) the school corporation may provide transportation for students
	1084	+	31 attending the participating innovation network charter school;
	1085	+	32 (2) the school corporation may maintain and repair the buildings
	1086	+	33 and grounds used by the participating innovation network charter
	1087	+	34 school consistent with the maintenance and repair to the school
	1088	+	35 corporation's other buildings and grounds;
	1089	+	36 (3) the school corporation may enter into an agreement to transfer
	1090	+	37 the ownership of a school corporation facility to the organizer;
	1091	+	38 and
	1092	+	39 (4) the school corporation may not alter the use of the facility
	1093	+	40 occupied by the participating innovation network charter school
	1094	+	41 without agreement from the organizer.
	1095	+	42 (b) If an organizer contracts with a school corporation for goods or
	1096	+	SB 518—LS 7334/DI 125 26
	1097	+	1 services, the school corporation may not charge the organizer more for
	1098	+	2 the goods or services than the school corporation pays for the goods or
	1099	+	3 services. A school corporation may not require an organizer to contract
	1100	+	4 for specific goods or services provided by the school corporation or any
	1101	+	5 other entity.
	1102	+	6 (c) A school corporation and an organizer may negotiate to require
	1103	+	7 specific services with regard to a participating innovation network
	1104	+	8 charter school during the term of an agreement. However, an organizer
	1105	+	9 must be able to select the service provider for the services.
	1106	+	10 (d) For as long as a charter school remains a participating
	1107	+	11 innovation network charter school, the school corporation may
	1108	+	12 distribute money levied as property taxes to the charter school. Property
	1109	+	13 taxes distributed to a charter school must be used only for a purpose for
	1110	+	14 which the property taxes could have been used by the school
	1111	+	15 corporation. Property taxes distributed under this subsection may
	1112	+	16 supplement services and property provided under subsection (a) or (b).
	1113	+	17 The parties may jointly modify an agreement described in section 2 of
	1114	+	18 this chapter to implement this subsection.
	1115	+	19 (e) An agreement concerning the transfer of ownership of a school
	1116	+	20 corporation facility described in subsection (a) is not subject to
	1117	+	21 IC 20-26-7.1.
	1118	+	22 (f) Unless an agreement entered into before July 1, 2024, between
	1119	+	23 a board and an organizer provides otherwise, a school corporation may
	1120	+	24 not charge an organizer an amount for goods and services that is
	1121	+	25 greater than the amount of the operations fund property tax levy the
	1122	+	26 organizer receives under IC 20-46-8-11.2 or IC 20-46-8-13 for the
	1123	+	27 participating innovation network charter school.
	1124	+	28 SECTION 11. IC 20-26-5-45 IS ADDED TO THE INDIANA
	1125	+	29 CODE AS A NEW SECTION TO READ AS FOLLOWS
	1126	+	30 [EFFECTIVE JULY 1, 2025]: Sec. 45. If a school corporation is
	1127	+	31 authorized by the general assembly to impose any new tax after
	1128	+	32 June 30, 2025, within the school corporation's attendance area, the
	1129	+	33 governing body of the school corporation shall determine a method
	1130	+	34 for the sharing of revenue collected from the imposition of the tax
	1131	+	35 with each charter school that has a student who:
	1132	+	36 (1) resides in the school corporation's attendance area and is
	1133	+	37 included in the current ADM of the charter school; and
	1134	+	38 (2) receives not more than fifty percent (50%) virtual
	1135	+	39 instruction.
	1136	+	40 SECTION 12. IC 20-26-7.1-1, AS AMENDED BY P.L.36-2024,
	1137	+	41 SECTION 3, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1138	+	42 MAY 10, 2025 (RETROACTIVE)]: Sec. 1. (a) For purposes of this
	1139	+	SB 518—LS 7334/DI 125 27
	1140	+	1 section, "charter school" does not include a virtual charter school or an
	1141	+	2 adult high school.
	1142	+	3 (b) This chapter does not apply to the following:
	1143	+	4 (1) A school building that since July 1, 2011, is leased or loaned
	1144	+	5 by the school corporation that owns the school building to another
	1145	+	6 entity, if the entity is not a building corporation or other entity that
	1146	+	7 is related in any way to, or created by, the school corporation or
	1147	+	8 the governing body.
	1148	+	9 (2) A school corporation to which all of the following apply:
	1149	+	10 (A) The county auditor distributes revenue after May 10, 2023,
	1150	+	11 as required under IC 20-46-1-21 to each charter school
	1151	+	12 described in IC 20-46-1-21(b). IC 20-46-1-21.
	1152	+	13 (B) If the school corporation listed in IC 20-46-9-22, receives
	1153	+	14 revenue from a school safety referendum tax levy under
	1154	+	15 IC 20-46-9, the county auditor distributes revenue after May
	1155	+	16 10, 2023, as required under IC 20-46-9-22 to each charter
	1156	+	17 school described in IC 20-46-9-22(b). IC 20-46-9-22.
	1157	+	18 The above subdivisions are intended to apply retroactively. No
	1158	+	19 referendums or distributed revenue prior to May 10, 2023, are
	1159	+	20 effective to provide exemption from this chapter.
	1160	+	21 (3) A school corporation to which all of the following apply:
	1161	+	22 (A) The school corporation approves a resolution after May
	1162	+	23 10, 2023, to impose an operating referendum tax levy under
	1163	+	24 IC 20-46-1 after May 10, 2023, that includes sharing the
	1164	+	25 revenue from the referendum tax levy in the amounts
	1165	+	26 described in clause (B) with each charter school that:
	1166	+	27 (i) a student who resides within the attendance area of the
	1167	+	28 school corporation attends; and
	1168	+	29 (ii) elects to participate in the referendum.
	1169	+	30 The above subdivisions are intended to apply retroactively. No
	1170	+	31 resolutions, referendums, or distributed revenue prior to May 10,
	1171	+	32 2023, are effective to provide exemption from this chapter.
	1172	+	33 (B) The amount of referendum tax levy revenue that the school
	1173	+	34 corporation is required to share with each charter school under
	1174	+	35 the resolution described in clause (A) is equal to the amount
	1175	+	36 determined applying the applicable formula under
	1176	+	37 IC 20-46-1-21(d). IC 20-46-1-21.
	1177	+	38 (C) The referendum tax levy described in clause (A) is
	1178	+	39 approved by the voters.
	1179	+	40 (D) The school corporation distributes the amounts described
	1180	+	41 in clause (B) to each charter school described in clause (A).
	1181	+	42 (E) If the school corporation receives revenue from a school
	1182	+	SB 518—LS 7334/DI 125 28
	1183	+	1 safety referendum tax levy under IC 20-46-9, the school
	1184	+	2 corporation shares the revenue from the school safety
	1185	+	3 referendum tax levy with each charter school that:
	1186	+	4 (i) a student who resides within the attendance area of the
	1187	+	5 school corporation attends; and
	1188	+	6 (ii) elects to participate in the referendum;
	1189	+	7 in an amount equal to the amount determined applying the
	1190	+	8 applicable formula under IC 20-46-9-22(d). IC 20-46-9-22.
	1191	+	9 (c) In order for any payment to a charter school to qualify as sharing
	1192	+	10 of proceeds from a referendum for purposes of exemption from
	1193	+	11 IC 20-26-7.1, the referendum must have been passed with prior notice
	1194	+	12 to voters of all amounts of referendum proceeds to be paid to charter
	1195	+	13 schools. Any claim of exemption based on payment of proceeds from
	1196	+	14 a referendum passed without such notice is void.
	1197	+	15 SECTION 13. IC 20-40-2-2, AS AMENDED BY P.L.201-2023,
	1198	+	16 SECTION 181, IS AMENDED TO READ AS FOLLOWS
	1199	+	17 [EFFECTIVE JULY 1, 2025]: Sec. 2. (a) The governing body of each
	1200	+	18 school corporation shall establish an education fund for the payment of
	1201	+	19 expenses that are allocated to student instruction and learning under
	1202	+	20 IC 20-42.5.
	1203	+	21 (b) The governing body of a charter school that receives a
	1204	+	22 distribution of revenue received from a tax levy under IC 20-46-8-11.2
	1205	+	23 or IC 20-46-8-13 shall establish an education fund for the payment of
	1206	+	24 expenses that are allocated to student instruction and learning under
	1207	+	25 IC 20-42.5.
	1208	+	26 SECTION 14. IC 20-40-3-5, AS AMENDED BY P.L.189-2023,
	1209	+	27 SECTION 28, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1210	+	28 MAY 10, 2025 (RETROACTIVE)]: Sec. 5. (a) Money in the fund may
	1211	+	29 be used for any lawful school expenses, including making a transfer to
	1212	+	30 the school corporation's education fund (IC 20-40-2) or operations fund
	1213	+	31 (IC 20-40-18).
	1214	+	32 (b) Except as provided in IC 20-46-1-21, a school corporation may
	1215	+	33 distribute proceeds of a tax levy collected under IC 20-46-1 that is
	1216	+	34 transferred to the school corporation's education fund to a charter
	1217	+	35 school, excluding a virtual charter school, that is located within the
	1218	+	36 attendance area of the school corporation.
	1219	+	37 SECTION 15. IC 20-40-18-1, AS AMENDED BY P.L.201-2023,
	1220	+	38 SECTION 185, IS AMENDED TO READ AS FOLLOWS
	1221	+	39 [EFFECTIVE JULY 1, 2025]: Sec. 1. (a) The governing body of each
	1222	+	40 school corporation shall create an operations fund to be used by the
	1223	+	41 school corporation after December 31, 2018.
	1224	+	42 (b) The governing body of each charter school that receives a
1237	1225		SB 518—LS 7334/DI 125 29
1238		-	1 revenue received ~~by the school in the immediately preceding~~
1239		-	2 ~~calendar year from school corporations under~~ IC ~~6-1~~.~~1-20 and~~
1240		-	3 ~~IC 20-46-7~~.
1241		-	4 ~~STEP TWO:~~ ~~Divide:~~
1242		-	5 ~~(A) the STEP ONE result;~~ by
1243		-	6 (B) the ~~number of eligible pupils who are counted in the~~
1244		-	7 ~~current ADM of~~ the ~~school.~~
1245		-	8 ~~STEP THREE~~: ~~Determine:~~
1246		-	9 (A) ~~one thousand four hundred dollars ($1,400); minus~~
1247		-	10 ~~(B) the STEP TWO result~~.
1248		-	11 ~~STEP FOUR: Determine~~ the ~~greater~~ of:
1249		-	12 ~~(A)~~ the ~~STEP THREE result;~~ or
1250		-	13 ~~(B) zero (0).~~
1251		-	14 ~~STEP FIVE:~~ ~~Determine the result of:~~
1252		-	15 (A) ~~the STEP FOUR result;~~ ~~multiplied by~~
1253		-	16 (B) ~~the number of eligible pupils who are counted in the~~
1254		-	17 ~~school's current ADM~~.
1255		-	18 (c) ~~A county auditor shall collaborate with the department to~~
1256		-	19 the ~~extent necessary to carry out this section.~~
1257		-	20 ~~SECTION 12.~~ IC 20-~~24-13-7~~ ~~IS ADDED TO THE INDIANA~~
1258		-	21 ~~CODE AS A NEW SECTION~~ TO ~~READ AS FOLLOWS~~
1259		-	22 ~~[EFFECTIVE JULY 1~~, ~~2025]: Sec~~. ~~7. (a) Before the department may~~
1260		-	23 ~~distribute~~ a ~~grant under this chapter~~, the ~~department~~ shall
1261		-	24 ~~determine~~ the ~~total amount of:~~
1262		-	25 ~~(1) property tax revenue that the charter school is set to~~
1263		-	26 ~~receive from a particular school corporation in a year from~~
1264		-	27 ~~levies imposed under:~~
1265		-	28 ~~(A) IC 6-1.1-20,~~ as ~~a result of a resolution to impose~~
1266		-	29 ~~property taxes adopted by the governing body after May~~
1267		-	30 ~~10, 2025;~~ ~~and~~
1268		-	31 ~~(B)~~ IC 20-46-7~~; plus~~
1269		-	32 (2) ~~the total amount~~ of ~~the grant to be awarded to~~ the ~~charter~~
1270		-	33 ~~school under this chapter for~~ the ~~school year.~~
1271		-	34 ~~If the sum of subdivisions (1) and (2) for a particular~~ charter
1272		-	35 ~~school exceeds~~ the ~~amount of property tax revenue that~~ the ~~school~~
1273		-	36 ~~corporation, if not for~~ the ~~application of this section, would receive~~
1274		-	37 ~~after sharing amounts of property tax revenue as otherwise~~
1275		-	38 ~~required by law,~~ the ~~department shall reduce the amount of the~~
1276		-	39 ~~grant amount to the charter school that exceeds the amount the~~
1277		-	40 ~~school corporation would otherwise receive.~~
1278		-	41 (b) ~~A county auditor shall collaborate with other county~~
1279		-	42 ~~auditors and the department to the extent necessary to comply with~~
	1226	+	1 distribution of revenue received from a tax levy under IC 20-46-7-17,
	1227	+	2 IC 20-46-8-11.2, or IC 20-46-8-13 shall create an operations fund to
	1228	+	3 be used by the charter school after December 31, 2024.
	1229	+	4 SECTION 16. IC 20-40-18-2, AS AMENDED BY P.L.201-2023,
	1230	+	5 SECTION 186, IS AMENDED TO READ AS FOLLOWS
	1231	+	6 [EFFECTIVE JULY 1, 2025]: Sec. 2. (a) The operations fund shall be
	1232	+	7 used to deposit the following after December 31, 2018, in the case of
	1233	+	8 a school corporation:
	1234	+	9 (1) Revenue from the school corporation's operations fund
	1235	+	10 property tax levy under IC 20-46-8.
	1236	+	11 (2) The sum of the following excise tax revenue received for
	1237	+	12 deposit in the fund in the calendar year in which the school year
	1238	+	13 begins:
	1239	+	14 (A) Financial institutions excise tax (IC 6-5.5).
	1240	+	15 (B) Motor vehicle excise taxes (IC 6-6-5).
	1241	+	16 (C) Commercial vehicle excise taxes (IC 6-6-5.5).
	1242	+	17 (D) Boat excise tax (IC 6-6-11).
	1243	+	18 (E) Aircraft license excise tax (IC 6-6-6.5).
	1244	+	19 (3) Transfers from the education fund (IC 20-40-2) or the
	1245	+	20 operating referendum tax levy fund (IC 20-40-3), if any.
	1246	+	21 (4) Allocations of local income taxes to the school corporation
	1247	+	22 under IC 6-3.6-6, if any.
	1248	+	23 (b) In the case of a charter school, the operations fund shall be
	1249	+	24 used to deposit amounts distributed to the charter school under
	1250	+	25 IC 20-46-7-17, IC 20-46-8-11.2, or IC 20-46-8-13 after December 31,
	1251	+	26 2024.
	1252	+	27 SECTION 17. IC 20-40-18-10.5, AS ADDED BY P.L.201-2023,
	1253	+	28 SECTION 187, IS AMENDED TO READ AS FOLLOWS
	1254	+	29 [EFFECTIVE JULY 1, 2025]: Sec. 10.5. (a) This section applies only
	1255	+	30 to eligible charter schools that receive amounts distributed under
	1256	+	31 IC 20-46-7-17, IC 20-46-8-11.2, or IC 20-46-8-13.
	1257	+	32 (b) For purposes of this section, "charter board" means the
	1258	+	33 governing body of the organizer (as defined in IC 20-24-1-7) of an
	1259	+	34 eligible charter school.
	1260	+	35 (c) The operations fund may be used only to do the following:
	1261	+	36 (1) Carry out a capital projects plan under the following
	1262	+	37 conditions:
	1263	+	38 (A) The plan must include all proposed expenditures that
	1264	+	39 exceed ten thousand dollars ($10,000) and are for:
	1265	+	40 (i) capital assets; or
	1266	+	41 (ii) projects that are considered capital in nature, including
	1267	+	42 technology related projects.
1280	1268		SB 518—LS 7334/DI 125 30
1281		-	1 the ~~requirements of this section.~~
1282		-	2 ~~SECTION 13.~~ ~~IC 20-25.7-5-3, AS AMENDED BY P.L.162-2024,~~
1283		-	3 ~~SECTION 10~~, ~~IS AMENDED TO READ AS FOLLOWS [EFFECTIVE~~
1284		-	4 ~~JULY 1,~~ ~~2025]: Sec~~. ~~3. (a) For as long as a~~ charter school ~~remains a~~
1285		-	5 ~~participating innovation network charter school:~~
1286		-	6 ~~(1)~~ the school ~~corporation may provide transportation for students~~
1287		-	7 ~~attending~~ the ~~participating innovation network charter school;~~
1288		-	8 ~~(2) the school corporation may maintain and repair the buildings~~
1289		-	9 ~~and grounds used by~~ the ~~participating innovation network charter~~
1290		-	10 ~~school consistent with~~ the ~~maintenance and repair to the school~~
1291		-	11 ~~corporation's other buildings and grounds;~~
1292		-	12 ~~(3)~~ the ~~school corporation may enter into~~ an ~~agreement to transfer~~
1293		-	13 the ~~ownership of a school corporation facility to the organizer;~~
1294		-	14 and
1295		-	15 ~~(4)~~ the ~~school corporation may not alter the use of the facility~~
1296		-	16 ~~occupied by the participating innovation network~~ charter ~~school~~
1297		-	17 ~~without agreement from~~ the ~~organizer.~~
1298		-	18 ~~(b) If an organizer contracts with a school corporation~~ for ~~goods or~~
1299		-	19 ~~services, the school corporation may~~ not ~~charge the organizer more for~~
1300		-	20 the ~~goods or services than~~ the ~~school corporation pays for the goods or~~
1301		-	21 ~~services. A school corporation may not require an organizer to contract~~
1302		-	22 ~~for specific goods or services provided by the school corporation or any~~
1303		-	23 ~~other entity.~~
1304		-	24 ~~(c) A school corporation and~~ an ~~organizer may negotiate to require~~
1305		-	25 ~~specific services with regard to a participating innovation network~~
1306		-	26 ~~charter school during the term of~~ an ~~agreement. However, an organizer~~
1307		-	27 ~~must be able~~ to ~~select the service provider for the services.~~
1308		-	28 (d) ~~For as long as a~~ charter ~~school remains a participating~~
1309		-	29 ~~innovation network charter school~~, the ~~school corporation~~ may
1310		-	30 ~~distribute money levied as property taxes~~ to the ~~charter school. Property~~
1311		-	31 ~~taxes distributed to~~ a ~~charter school must be used only for a purpose for~~
1312		-	32 ~~which the property taxes could have been used by the school~~
1313		-	33 ~~corporation. Property taxes distributed under~~ this ~~subsection may~~
1314		-	34 ~~supplement services and property provided~~ under ~~subsection (a) or~~ (b).
1315		-	35 The ~~parties may jointly modify an agreement described in section 2 of~~
1316		-	36 ~~this chapter~~ to ~~implement this subsection.~~
1317		-	37 ~~(e) An agreement concerning~~ the ~~transfer of ownership of a school~~
1318		-	38 ~~corporation facility described in subsection (a) is not subject to~~
1319		-	39 ~~IC 20-26-7~~.1.
1320		-	40 (f) ~~Unless an agreement entered into before July 1, 2024, between~~
1321		-	41 ~~a board and an organizer provides otherwise~~, ~~a school corporation may~~
1322		-	42 ~~not charge an organizer an amount for goods~~ and ~~services that is~~
	1269	+	1 (B) If a charter school wants to use money in the operations
	1270	+	2 fund during the year to pay for any items listed in clause (E)
	1271	+	3 that are considered capital in nature, the charter board must
	1272	+	4 approve a plan following a public hearing. The charter school
	1273	+	5 shall post the proposed plan or proposed amended plan on the
	1274	+	6 charter school's website before the hearing. The charter school
	1275	+	7 shall submit the proposed capital projects plan to the
	1276	+	8 department of local government finance's computer gateway
	1277	+	9 at least ten (10) days before the public hearing. The
	1278	+	10 department of local government finance shall make the
	1279	+	11 proposed plan available at least ten (10) days before the
	1280	+	12 hearing, through the department's computer gateway. If an
	1281	+	13 amendment to a capital projects plan is proposed, the charter
	1282	+	14 board must declare the nature of and need for the amendment
	1283	+	15 in the plan amendment.
	1284	+	16 (C) If a charter board adopts a plan under clause (B), the
	1285	+	17 charter school must then submit the plan to the department of
	1286	+	18 local government finance for inclusion on the department's
	1287	+	19 computer gateway not later than thirty (30) days after adoption
	1288	+	20 of the plan. The department of local government finance shall
	1289	+	21 immediately make the proposed plan available through the
	1290	+	22 gateway website.
	1291	+	23 (D) This clause applies to an amendment to a plan that is
	1292	+	24 required because of an emergency that results in costs that
	1293	+	25 exceed the amount accumulated in the fund for repair,
	1294	+	26 replacement, or site acquisition that is necessitated by an
	1295	+	27 emergency. The charter board is not required to comply with
	1296	+	28 clause (C). If the charter board determines that an emergency
	1297	+	29 exists, the governing body may adopt an amendment to the
	1298	+	30 plan. An amendment to a plan is not subject to the deadline
	1299	+	31 and procedures for adoption of a plan described in this
	1300	+	32 subdivision.
	1301	+	33 (E) This clause sets forth an exclusive list of the expenditures
	1302	+	34 that may be made from the operations fund under clause (B),
	1303	+	35 as set forth in the charter board's plan or amended plan.
	1304	+	36 Subject to the expenditures that are identified in the charter
	1305	+	37 school's plan or amended plan, the operations fund shall be
	1306	+	38 used for the following:
	1307	+	39 (i) Site acquisition.
	1308	+	40 (ii) Site development.
	1309	+	41 (iii) Building acquisition, construction, replacement,
	1310	+	42 renovation, remodeling, improvement, and maintenance,
1323	1311		SB 518—LS 7334/DI 125 31
1324		-	1 ~~greater than the amount of the operations fund property tax levy the~~
1325		-	2 ~~organizer receives under IC 20-46-8-11.2 or IC 20-46-8-13 for the~~
1326		-	3 ~~participating innovation network charter school~~.
1327		-	4 ~~SECTION 14. IC 20-26-5-45 IS ADDED~~ TO ~~THE INDIANA~~
1328		-	5 ~~CODE AS A NEW SECTION TO READ AS FOLLOWS~~
1329		-	6 ~~[EFFECTIVE JULY 1, 2025]: Sec. 45. If~~ a ~~school corporation is~~
1330		-	7 ~~authorized~~ by ~~the general assembly to impose any new tax after~~
1331		-	8 ~~June 30~~, ~~2025~~, ~~within the school corporation's attendance area~~, ~~the~~
1332		-	9 ~~governing body of~~ the ~~school corporation shall determine a method~~
1333		-	10 for the ~~sharing of revenue collected from the imposition of the tax~~
1334		-	11 ~~with each charter school~~ that ~~has a student who:~~
1335		-	12 ~~(1) resides in the school corporation's attendance area and is~~
1336		-	13 ~~included in the current ADM of the charter school; and~~
1337		-	14 (2) ~~receives not more than fifty percent (50%) virtual~~
1338		-	15 ~~instruction.~~
1339		-	16 ~~SECTION 15. IC 20-26-7.1-1~~, ~~AS AMENDED BY P.L.36-2024~~,
1340		-	17 ~~SECTION 3~~, ~~IS AMENDED TO READ AS FOLLOWS [EFFECTIVE~~
1341		-	18 ~~MAY 10,~~ ~~2025 (RETROACTIVE)]: Sec.~~ ~~1. (a) For purposes~~ of ~~this~~
1342		-	19 ~~section, "charter school" does not include a virtual charter school or an~~
1343		-	20 ~~adult high school.~~
1344		-	21 ~~(b) This chapter does not apply to the following:~~
1345		-	22 (1) ~~A school building that since July 1~~, ~~2011~~, ~~is leased~~ or ~~loaned~~
1346		-	23 ~~by the~~ school ~~corporation that owns the school building to another~~
1347		-	24 ~~entity, if the entity is not a building corporation or other entity that~~
1348		-	25 ~~is related in any way to, or created by, the school corporation or~~
1349		-	26 ~~the governing body.~~
1350		-	27 ~~(2) A school corporation~~ to ~~which all of the following apply:~~
1351		-	28 ~~(A) The county auditor distributes revenue after May 10~~, ~~2023~~,
1352		-	29 ~~as required under IC 20-46-1-21 to each charter school~~
1353		-	30 ~~described in IC 20-46-1-21(b). IC 20-46-1-21.~~
1354		-	31 ~~(B) If the school corporation listed in IC 20-46-9-22, receives~~
1355		-	32 ~~revenue from a school safety referendum tax levy under~~
1356		-	33 ~~IC 20-46-9, the county auditor distributes revenue after May~~
1357		-	34 ~~10, 2023,~~ ~~as required under IC 20-46-9-22 to each charter~~
1358		-	35 ~~school described~~ in ~~IC 20-46-9-22(b). IC 20-46-9-22.~~
1359		-	36 The ~~above subdivisions are intended to apply retroactively. No~~
1360		-	37 ~~referendums or distributed revenue prior~~ to ~~May 10,~~ ~~2023, are~~
1361		-	38 ~~effective to provide exemption from this chapter.~~
1362		-	39 ~~(3) A school corporation to which all of~~ the ~~following apply:~~
1363		-	40 ~~(A) The school corporation approves a resolution after May~~
1364		-	41 ~~10, 2023,~~ ~~to impose an operating referendum tax levy under~~
1365		-	42 ~~IC 20-46-1 after May 10, 2023, that includes sharing the~~
	1312	+	1 including building materials and employment services.
	1313	+	2 (iv) Rental of real estate, buildings, facilities, and
	1314	+	3 equipment.
	1315	+	4 (v) To repair and replace buildings and to repair and replace
	1316	+	5 building fixtures that are owned or leased by the charter
	1317	+	6 school and of a type constituting loss capable of being
	1318	+	7 covered by casualty insurance.
	1319	+	8 (vi) Purchase, lease, repair, or maintenance of equipment,
	1320	+	9 including maintenance vehicles to be used by the charter
	1321	+	10 school. However, the fund may not be used to pay for the
	1322	+	11 purchase, lease, repair, or maintenance of vehicles that are
	1323	+	12 not maintenance vehicles, or equipment to be used primarily
	1324	+	13 for interscholastic or extracurricular activities.
	1325	+	14 (vii) Service contracts for janitorial and custodial services,
	1326	+	15 maintenance services, snow and ice removal services, trash
	1327	+	16 removal services, mowing and lawn care services, pest
	1328	+	17 control services, and any other routine services normally
	1329	+	18 required in the maintenance or upkeep of charter school
	1330	+	19 facilities.
	1331	+	20 (viii) Repair, replacement, or site acquisition that is
	1332	+	21 necessitated by an emergency.
	1333	+	22 (ix) Construction, repair, replacement, remodeling, or
	1334	+	23 maintenance of a school sports facility.
	1335	+	24 (x) Utilities.
	1336	+	25 (xi) Property and casualty insurance.
	1337	+	26 (xii) Purchase, lease, upgrade, maintenance, or repair
	1338	+	27 technology that will not be allocated to student instruction
	1339	+	28 and learning, to include computer hardware, computer
	1340	+	29 software, wiring and computer networks, and
	1341	+	30 communication access systems used to connect with
	1342	+	31 computer networks or electronic gateways; services of
	1343	+	32 full-time or part-time computer maintenance employees;
	1344	+	33 conducting nonrecurring inservice technology training of
	1345	+	34 school employees; implementing the technology preparation
	1346	+	35 curriculum; participating in a program to provide
	1347	+	36 educational technologies, including computers in the homes
	1348	+	37 of students (commonly referred to as "the buddy system
	1349	+	38 project") under IC 20-20-13-6, the 4R's technology program,
	1350	+	39 or any other program under the educational technology
	1351	+	40 program described in IC 20-20-13; and obtaining any
	1352	+	41 combination of equipment or services in the preceding two
	1353	+	42 (2) categories of this item.
1366	1354		SB 518—LS 7334/DI 125 32
1367		-	1 ~~revenue from the referendum tax levy in the amounts~~
1368		-	2 ~~described in clause (B) with each charter school that:~~
1369		-	3 ~~(i) a student who resides within the attendance area~~ of ~~the~~
1370		-	4 ~~school corporation attends;~~ ~~and~~
1371		-	5 ~~(ii) elects to participate in the referendum.~~
1372		-	6 The ~~above subdivisions are intended to apply retroactively. No~~
1373		-	7 ~~resolutions, referendums,~~ or ~~distributed revenue prior to~~ May ~~10,~~
1374		-	8 ~~2023~~, ~~are effective to provide exemption from this chapter.~~
1375		-	9 ~~(B) The amount~~ of ~~referendum tax levy revenue that the school~~
1376		-	10 ~~corporation is required to share with each~~ charter school ~~under~~
1377		-	11 the ~~resolution described in clause (A) is equal to the amount~~
1378		-	12 ~~determined applying~~ the ~~applicable formula under~~
1379		-	13 ~~IC 20-46-1-21(d). IC 20-46-1-21.~~
1380		-	14 ~~(C) The referendum tax levy described~~ in clause (A) is
1381		-	15 ~~approved by~~ the ~~voters.~~
1382		-	16 (D) ~~The school corporation distributes the amounts described~~
1383		-	17 ~~in clause (B) to each charter school described in clause (A).~~
1384		-	18 ~~(E) If the school corporation receives revenue from a school~~
1385		-	19 ~~safety referendum tax levy under IC 20-46-9, the school~~
1386		-	20 ~~corporation shares the revenue from the school safety~~
1387		-	21 ~~referendum tax levy~~ with ~~each charter school that:~~
1388		-	22 (i) a student ~~who resides within the attendance area of the~~
1389		-	23 ~~school corporation attends;~~ ~~and~~
1390		-	24 (ii) ~~elects to participate in~~ the ~~referendum;~~
1391		-	25 ~~in an amount equal to the amount determined applying the~~
1392		-	26 ~~applicable formula under IC 20-46-9-22(d). IC 20-46-9-22.~~
1393		-	27 ~~(c) In order for any payment to a charter school to qualify as sharing~~
1394		-	28 of ~~proceeds from a referendum for purposes~~ of ~~exemption from~~
1395		-	29 ~~IC 20-26-7~~.1, ~~the referendum must have been passed with prior notice~~
1396		-	30 to ~~voters of all amounts of referendum proceeds to be paid to charter~~
1397		-	31 ~~schools. Any claim of exemption based on payment of proceeds from~~
1398		-	32 ~~a referendum passed without such notice is void.~~
1399		-	33 ~~SECTION 16.~~ ~~IC 20-40-2-2, AS AMENDED BY P.L.201-2023,~~
1400		-	34 ~~SECTION 181,~~ ~~IS AMENDED TO READ AS FOLLOWS~~
1401		-	35 ~~[EFFECTIVE JULY 1, 2025]: Sec. 2.~~ (a) ~~The governing body of each~~
1402		-	36 school ~~corporation shall establish an education fund for~~ the ~~payment of~~
1403		-	37 ~~expenses that are allocated to student instruction and learning under~~
1404		-	38 ~~IC 20-42.5.~~
1405		-	39 ~~(b) The governing body of a~~ charter school ~~that receives a~~
1406		-	40 ~~distribution of revenue received from~~ a ~~tax levy under IC 20-46-8-11.2~~
1407		-	41 ~~or IC 20-46-8-13 shall establish an education~~ fund for the ~~payment of~~
1408		-	42 ~~expenses that are allocated to student instruction and learning under~~
	1355	+	1 (xiii) Services of charter school employees who perform
	1356	+	2 services considered to be a skilled trade by the United States
	1357	+	3 Department of Labor, Employment and Training
	1358	+	4 Administration. For purposes of this item, skilled trade
	1359	+	5 services do not include janitorial or comparable routine
	1360	+	6 services normally provided in the daily operation of school
	1361	+	7 facilities or equipment. Payment may be made for employee
	1362	+	8 services only if the employees perform construction of,
	1363	+	9 renovation of, remodeling of, repair of, or maintenance on
	1364	+	10 the facilities and equipment of the charter school.
	1365	+	11 (2) Pay transportation costs under the following conditions:
	1366	+	12 (A) A charter school shall use the operations fund to pay the
	1367	+	13 transportation costs attributable to transportation of school
	1368	+	14 children as specified in clause (B).
	1369	+	15 (B) Only the following costs are payable from the fund:
	1370	+	16 (i) Salaries paid to bus drivers, transportation supervisors,
	1371	+	17 mechanics and garage employees, clerks, and other
	1372	+	18 transportation related employees.
	1373	+	19 (ii) Contracted transportation services.
	1374	+	20 (iii) Wages of independent contractors.
	1375	+	21 (iv) Contracts with common carriers.
	1376	+	22 (v) Student fares.
	1377	+	23 (vi) Transportation related insurance.
	1378	+	24 (vii) Other expenses of operating the school corporation's
	1379	+	25 transportation service, including gasoline, lubricants, tires,
	1380	+	26 repairs, contracted repairs, parts, supplies, equipment, and
	1381	+	27 other related expenses.
	1382	+	28 (C) Percentages or parts of salaries of teaching personnel or
	1383	+	29 principals are not attributable to transportation. However, parts
	1384	+	30 of salaries of instructional aides who are assigned to assist
	1385	+	31 with the school transportation program are attributable to
	1386	+	32 transportation. The costs described in this clause (other than
	1387	+	33 instructional aide costs) may not be budgeted for payment or
	1388	+	34 paid from the fund.
	1389	+	35 (D) Costs for a calendar year are those costs attributable to
	1390	+	36 transportation for students during the school year ending in the
	1391	+	37 calendar year.
	1392	+	38 (3) Carry out a school bus replacement plan approved by the
	1393	+	39 charter school board under the following conditions:
	1394	+	40 (A) Before a charter school may use money in the operations
	1395	+	41 fund for replacing school buses, a resolution approving the
	1396	+	42 school bus replacement plan or amended plan must be
1409	1397		SB 518—LS 7334/DI 125 33
1410		-	1 ~~IC 20-42~~.5.
1411		-	2 ~~SECTION 17.~~ ~~IC 20-40-3-5, AS AMENDED BY P.L.189-2023,~~
1412		-	3 ~~SECTION 28,~~ ~~IS AMENDED~~ TO ~~READ AS FOLLOWS [EFFECTIVE~~
1413		-	4 ~~MAY 10, 2025 (RETROACTIVE)]: Sec. 5. (a) Money in~~ the ~~fund may~~
1414		-	5 ~~be used~~ for ~~any lawful school expenses, including making a transfer to~~
1415		-	6 the ~~school corporation's education fund (IC 20-40-2) or operations fund~~
1416		-	7 ~~(IC 20-40-18).~~
1417		-	8 ~~(b) Except as provided in IC 20-46-1-21, a school corporation may~~
1418		-	9 ~~distribute proceeds of~~ a ~~tax levy collected under IC 20-46-1 that is~~
1419		-	10 ~~transferred to~~ the ~~school corporation's education fund to a charter~~
1420		-	11 school, ~~excluding~~ a ~~virtual charter school, that is located within the~~
1421		-	12 ~~attendance area of~~ the school ~~corporation.~~
1422		-	13 ~~SECTION 18~~. ~~IC 20-40-18-1~~, ~~AS AMENDED BY P.L.201-2023,~~
1423		-	14 ~~SECTION 185,~~ ~~IS AMENDED TO READ AS FOLLOWS~~
1424		-	15 ~~[EFFECTIVE JULY 1,~~ ~~2025]: Sec.~~ ~~1. (a)~~ The ~~governing body of each~~
1425		-	16 school ~~corporation shall create an operations fund~~ to ~~be used by the~~
1426		-	17 school ~~corporation after December 31~~, ~~2018.~~
1427		-	18 ~~(b)~~ The ~~governing body of each charter~~ school ~~that receives a~~
1428		-	19 ~~distribution of revenue received~~ from ~~a tax levy under IC 20-46-7-17,~~
1429		-	20 ~~IC 20-46-8-11.2, or IC 20-46-8-13 shall create an~~ operations fund to
1430		-	21 ~~be used by~~ the charter school ~~after December 31,~~ ~~2024.~~
1431		-	22 ~~SECTION 19.~~ ~~IC 20-40-18-2, AS AMENDED BY P.L.201-2023,~~
1432		-	23 ~~SECTION 186,~~ ~~IS AMENDED TO READ AS FOLLOWS~~
1433		-	24 ~~[EFFECTIVE JULY 1, 2025]: Sec. 2.~~ (a) ~~The operations fund shall be~~
1434		-	25 ~~used~~ to ~~deposit the following after December 31, 2018,~~ in the ~~case of~~
1435		-	26 a school ~~corporation:~~
1436		-	27 ~~(1) Revenue from~~ the ~~school corporation's operations fund~~
1437		-	28 ~~property tax levy under IC 20-46-8.~~
1438		-	29 ~~(2)~~ The ~~sum of~~ the ~~following excise tax revenue received for~~
1439		-	30 ~~deposit in~~ the ~~fund in~~ the ~~calendar year in which the school year~~
1440		-	31 ~~begins:~~
1441		-	32 ~~(A) Financial institutions excise tax (IC~~ ~~6-5.5).~~
1442		-	33 ~~(B) Motor vehicle excise taxes (IC~~ ~~6-6-5).~~
1443		-	34 (C) ~~Commercial vehicle excise taxes (IC 6-6-5.5).~~
1444		-	35 ~~(D) Boat excise tax (IC~~ ~~6-6-11)~~.
1445		-	36 ~~(E) Aircraft license excise tax (IC~~ ~~6-6-6.5).~~
1446		-	37 (3) ~~Transfers from~~ the ~~education fund (IC 20-40-2) or the~~
1447		-	38 ~~operating referendum tax levy fund (IC 20-40-3),~~ if ~~any.~~
1448		-	39 ~~(4) Allocations of local income taxes~~ to the school ~~corporation~~
1449		-	40 ~~under IC 6-3.6-6, if any.~~
1450		-	41 ~~(b) In~~ the ~~case of a charter school,~~ the ~~operations fund shall be~~
1451		-	42 ~~used~~ to ~~deposit amounts distributed to the charter school under~~
	1398	+	1 submitted to the department of local government finance.
	1399	+	2 (B) The department of local government finance shall
	1400	+	3 prescribe the format of the plan. A plan must apply to at least
	1401	+	4 the five (5) budget years immediately following the year the
	1402	+	5 plan is adopted and include at least an estimate for each year
	1403	+	6 to which it applies of the nature and amount of proposed
	1404	+	7 expenditures from the fund, and if the school corporation is
	1405	+	8 seeking to acquire or contract for transportation services that
	1406	+	9 will provide additional school buses or school buses with a
	1407	+	10 larger seating capacity as compared with the number and type
	1408	+	11 of school buses from the prior school year, evidence of a
	1409	+	12 demand for increased transportation services within the school
	1410	+	13 corporation. However, the evidence requirement regarding a
	1411	+	14 contract for transportation services does not apply if contracted
	1412	+	15 transportation services are not paid from the fund.
	1413	+	16 (C) If the charter school is seeking to require a contractor to
	1414	+	17 replace a school bus, evidence that the need exists for the
	1415	+	18 replacement of the school bus. This clause does not apply if
	1416	+	19 contracted transportation services are not paid from the
	1417	+	20 operations fund.
	1418	+	21 (D) Evidence that the charter school that seeks to acquire
	1419	+	22 additional school buses under this subdivision is acquiring or
	1420	+	23 contracting for the school buses only for the purposes
	1421	+	24 specified in clause (B) or for replacement purposes.
	1422	+	25 (E) If a charter school wants to use money in the operations
	1423	+	26 fund during the year to pay for school bus replacement, the
	1424	+	27 governing body must adopt a resolution approving the bus
	1425	+	28 replacement plan or amended plan. The charter school shall
	1426	+	29 post the proposed plan or proposed amended plan on the
	1427	+	30 charter school's website before the hearing. The governing
	1428	+	31 body must hold a hearing on the adoption of the plan. The
	1429	+	32 charter school shall submit the proposed school bus
	1430	+	33 replacement plan or amended plan to the department of local
	1431	+	34 government finance's computer gateway at least ten (10) days
	1432	+	35 before the hearing on the adoption of the plan. The department
	1433	+	36 of local government finance shall make the proposed plan
	1434	+	37 available to taxpayers, at least ten (10) days before the hearing,
	1435	+	38 through the department's computer gateway. If an amendment
	1436	+	39 to a bus replacement plan is being proposed, the charter school
	1437	+	40 must declare the nature of and the need for the amendment in
	1438	+	41 the resolution to adopt the amendment to the plan.
	1439	+	42 (4) Pay expenses that are allocated to overhead and operational
1452	1440		SB 518—LS 7334/DI 125 34
1453		-	1 ~~IC 20-46-7-17, IC 20-46-8-11~~.~~2, or IC 20-46-8-13 after December 31,~~
1454		-	2 ~~2024~~.
1455		-	3 SECTION 20. IC 20-~~40-18-10.5~~, AS ~~ADDED~~ BY P.L.~~201-2023~~,
1456		-	4 SECTION ~~187~~, IS AMENDED ~~TO READ AS FOLLOWS~~
1457		-	5 ~~[EFFECTIVE JULY 1~~, ~~2025]: Sec. 10.5. (a) This~~ section ~~applies only~~
1458		-	6 ~~to eligible charter schools that receive amounts distributed under~~
1459		-	7 ~~IC 20-46-7-17~~, ~~IC 20-46-8-11.2, or IC 20-46-8-13.~~
1460		-	8 ~~(b) For purposes of this section~~, ~~"charter board" means the~~
1461		-	9 ~~governing body of the organizer~~ (~~as defined in IC 20-24-1-7~~) ~~of an~~
1462		-	10 ~~eligible charter~~ school.
1463		-	11 ~~(c) The operations fund~~ may ~~be used only~~ to ~~do the following:~~
1464		-	12 ~~(1) Carry out a capital projects plan under~~ the following
1465		-	13 ~~conditions:~~
1466		-	14 (A~~) The plan must include all proposed expenditures that~~
1467		-	15 ~~exceed ten thousand dollars ($10,000) and are for:~~
1468		-	16 (i) ~~capital assets;~~ or
1469		-	17 ~~(ii) projects that are considered capital in nature,~~ ~~including~~
1470		-	18 ~~technology related projects.~~
1471		-	19 ~~(B) If a charter school wants to use money in~~ the ~~operations~~
1472		-	20 ~~fund during the year to pay for any items listed in clause (E)~~
1473		-	21 ~~that are considered capital~~ in ~~nature~~, the ~~charter board must~~
1474		-	22 ~~approve a plan following a public hearing.~~ The ~~charter school~~
1475		-	23 ~~shall post the proposed plan~~ or ~~proposed amended plan on~~ the
1476		-	24 charter school~~'s website before the hearing. The charter school~~
1477		-	25 ~~shall submit~~ the ~~proposed capital projects plan to the~~
1478		-	26 ~~department of local government finance's computer gateway~~
1479		-	27 ~~at least ten (~~10~~) days before the public hearing. The~~
1480		-	28 ~~department~~ of ~~local government finance shall make~~ the
1481		-	29 ~~proposed plan available at least ten (10) days before~~ the
1482		-	30 ~~hearing, through the department's computer gateway~~. ~~If an~~
1483		-	31 ~~amendment to a capital projects plan is proposed,~~ the ~~charter~~
1484		-	32 ~~board must declare~~ the ~~nature of and need for~~ the ~~amendment~~
1485		-	33 ~~in the plan amendment.~~
1486		-	34 (C) ~~If a charter board adopts a plan under clause (B)~~, ~~the~~
1487		-	35 ~~charter school must then submit~~ the ~~plan to~~ the ~~department~~ of
1488		-	36 ~~local government finance for inclusion on~~ the ~~department's~~
1489		-	37 ~~computer gateway not later than thirty (30) days after adoption~~
1490		-	38 of ~~the plan.~~ ~~The department of local government finance shall~~
1491		-	39 ~~immediately make~~ the ~~proposed~~ plan ~~available through the~~
1492		-	40 ~~gateway website~~.
1493		-	41 ~~(D) This clause applies to an amendment to a plan that is~~
1494		-	42 ~~required because of an emergency that results in costs that~~
	1441	+	1 expenditures.
	1442	+	2 (5) Establish, maintain, and equip a public playground.
	1443	+	3 SECTION 18. IC 20-46-1-8, AS AMENDED BY P.L.162-2024,
	1444	+	4 SECTION 25, AND AS AMENDED BY P.L.36-2024, SECTION 10,
	1445	+	5 AND AS AMENDED BY P.L.104-2024, SECTION 51, AND AS
	1446	+	6 AMENDED BY THE TECHNICAL CORRECTIONS BILL OF THE
	1447	+	7 2025 GENERAL ASSEMBLY, IS CORRECTED AND AMENDED
	1448	+	8 TO READ AS FOLLOWS [EFFECTIVE MAY 10, 2025
	1449	+	9 (RETROACTIVE)]: Sec. 8. (a) Subject to subsections (e), (f), and (g)
	1450	+	10 (b), (e), and (f) and this chapter, the governing body of a school
	1451	+	11 corporation may adopt a resolution to place a referendum under this
	1452	+	12 chapter on the ballot for any of the following purposes:
	1453	+	13 (1) The governing body of the school corporation determines that
	1454	+	14 it cannot, in a calendar year, carry out its public educational duty
	1455	+	15 unless it imposes a referendum tax levy under this chapter.
	1456	+	16 (2) The governing body of the school corporation determines that
	1457	+	17 a referendum tax levy under this chapter should be imposed to
	1458	+	18 replace property tax revenue that the school corporation will not
	1459	+	19 receive because of the application of the credit under
	1460	+	20 IC 6-1.1-20.6.
	1461	+	21 (3) Except for resolutions described in subsection (b), the
	1462	+	22 governing body makes the determination required under
	1463	+	23 subdivision (1) or (2) and determines to share a portion of the
	1464	+	24 referendum proceeds with a charter school, excluding a virtual
	1465	+	25 charter school, in the manner prescribed in subsection (e).
	1466	+	26 (b) A resolution for a referendum for a county described in section
	1467	+	27 21 of this chapter that is adopted after May 10, 2023, shall specify that
	1468	+	28 a portion of the proceeds collected from the proposed levy will be
	1469	+	29 distributed to applicable charter schools in the manner described under
	1470	+	30 section 21 of this chapter.
	1471	+	31 (c) The governing body of the school corporation shall certify a
	1472	+	32 copy of the resolution to place a referendum on the ballot to the
	1473	+	33 following:
	1474	+	34 (1) The department of local government finance, including:
	1475	+	35 (A) the language for the question required by section 10 of this
	1476	+	36 chapter, or in the case of a resolution to extend a referendum
	1477	+	37 levy certified to the department of local government finance
	1478	+	38 after March 15, 2016, section 10.1 of this chapter; and
	1479	+	39 (B) a copy of the revenue spending plan adopted under
	1480	+	40 subsection (g). (f).
	1481	+	41 The language of the public question must include the estimated
	1482	+	42 average percentage increases certified by the county auditor under
1495	1483		SB 518—LS 7334/DI 125 35
1496		-	1 ~~exceed~~ the ~~amount accumulated in the fund for repair,~~
1497		-	2 ~~replacement, or site acquisition that is necessitated by an~~
1498		-	3 ~~emergency~~. ~~The charter board is not required to comply with~~
1499		-	4 ~~clause (C)~~. If the ~~charter board determines that an emergency~~
1500		-	5 ~~exists,~~ the ~~governing body may adopt an amendment~~ to the
1501		-	6 ~~plan~~. ~~An amendment to a plan is not subject to~~ the ~~deadline~~
1502		-	7 ~~and procedures~~ for ~~adoption~~ of ~~a plan described in this~~
1503		-	8 ~~subdivision~~.
1504		-	9 ~~(E) This clause sets forth an exclusive list~~ of the ~~expenditures~~
1505		-	10 ~~that may be made from~~ the ~~operations fund under clause (B),~~
1506		-	11 ~~as set forth~~ in ~~the charter board's plan~~ or ~~amended plan.~~
1507		-	12 ~~Subject to~~ the ~~expenditures that~~ are ~~identified in the charter~~
1508		-	13 ~~school's plan or amended plan~~, the ~~operations fund shall be~~
1509		-	14 ~~used for~~ the ~~following:~~
1510		-	15 ~~(i) Site acquisition.~~
1511		-	16 ~~(ii) Site development~~.
1512		-	17 (~~iii~~) ~~Building acquisition,~~ ~~construction, replacement,~~
1513		-	18 ~~renovation, remodeling,~~ ~~improvement, and maintenance,~~
1514		-	19 ~~including building materials and employment services.~~
1515		-	20 ~~(iv) Rental of real estate, buildings, facilities, and~~
1516		-	21 ~~equipment.~~
1517		-	22 ~~(v) To repair and replace buildings and to repair and replace~~
1518		-	23 ~~building fixtures that are owned or leased by~~ the ~~charter~~
1519		-	24 ~~school and of~~ a ~~type constituting loss capable of being~~
1520		-	25 ~~covered by casualty insurance.~~
1521		-	26 (vi) ~~Purchase, lease,~~ ~~repair, or maintenance of equipment,~~
1522		-	27 ~~including maintenance vehicles to be used by~~ the ~~charter~~
1523		-	28 ~~school. However,~~ the ~~fund may not be used to pay for the~~
1524		-	29 ~~purchase, lease,~~ ~~repair, or maintenance of vehicles that are~~
1525		-	30 ~~not maintenance vehicles, or equipment to~~ be used ~~primarily~~
1526		-	31 ~~for interscholastic or extracurricular activities.~~
1527		-	32 ~~(vii) Service contracts for janitorial and custodial services,~~
1528		-	33 ~~maintenance services,~~ ~~snow and ice removal services,~~ ~~trash~~
1529		-	34 ~~removal services,~~ ~~mowing and lawn care services,~~ ~~pest~~
1530		-	35 ~~control services,~~ ~~and any other routine services normally~~
1531		-	36 ~~required in the maintenance or upkeep of~~ charter school
1532		-	37 ~~facilities.~~
1533		-	38 ~~(viii) Repair,~~ ~~replacement, or site acquisition that is~~
1534		-	39 ~~necessitated by an emergency.~~
1535		-	40 (ix) ~~Construction, repair,~~ ~~replacement, remodeling,~~ or
1536		-	41 ~~maintenance of a school sports facility~~.
1537		-	42 (x) ~~Utilities.~~
	1484	+	1 section 10(e) or 10.1(f) of this chapter, as applicable. The
	1485	+	2 governing body of the school corporation shall also provide the
	1486	+	3 county auditor's certification described in section 10(e) or 10.1(f)
	1487	+	4 of this chapter, as applicable. The department of local government
	1488	+	5 finance shall post the values certified by the county auditor to the
	1489	+	6 department's website. The department shall review the language
	1490	+	7 for compliance with section 10 or 10.1 of this chapter, whichever
	1491	+	8 is applicable, and either approve or reject the language. The
	1492	+	9 department shall send its decision to the governing body of the
	1493	+	10 school corporation not more than ten (10) days after both the
	1494	+	11 certification of the county auditor described in section 10(e) or
	1495	+	12 10.1(f) of this chapter, as applicable, and the resolution is are
	1496	+	13 submitted to the department. If the language is approved, the
	1497	+	14 governing body of the school corporation shall certify a copy of
	1498	+	15 the resolution, including the language for the question and the
	1499	+	16 department's approval.
	1500	+	17 (2) The county fiscal body of each county in which the school
	1501	+	18 corporation is located (for informational purposes only).
	1502	+	19 (3) The circuit court clerk of each county in which the school
	1503	+	20 corporation is located.
	1504	+	21 (d) If a school safety referendum tax levy under IC 20-46-9 has been
	1505	+	22 approved by the voters in a school corporation at any time in the
	1506	+	23 previous three (3) years, the school corporation may not:
	1507	+	24 (1) adopt a resolution to place a referendum under this chapter on
	1508	+	25 the ballot; or
	1509	+	26 (2) otherwise place a referendum under this chapter on the ballot.
	1510	+	27 (e) Except as provided in section 21 of this chapter, the resolution
	1511	+	28 described in subsection (a) must indicate whether proceeds in the
	1512	+	29 school corporation's education fund collected from a tax levy under this
	1513	+	30 chapter will be used to provide a distribution to a charter school or
	1514	+	31 charter schools, excluding a virtual charter school, under IC 20-40-3-5
	1515	+	32 as well as the amount that will be distributed to the particular charter
	1516	+	33 school or charter schools. A school corporation may request from the
	1517	+	34 designated charter school or charter schools any financial
	1518	+	35 documentation necessary to demonstrate the financial need of the
	1519	+	36 charter school or charter schools. Distribution to a charter school of
	1520	+	37 proceeds from a referendum held before May 10, 2023, does not
	1521	+	38 provide exemption from this chapter.
	1522	+	39 (f) (e) This subsection applies to a resolution described in
	1523	+	40 subsection (a) for a county described in section 21(a) section 21 of this
	1524	+	41 chapter that is adopted after May 10, 2023. The resolution described in
	1525	+	42 subsection (a) shall include a projection of the amount that the school
1538	1526		SB 518—LS 7334/DI 125 36
1539		-	1 ~~(xi) Property and casualty insurance.~~
1540		-	2 ~~(xii) Purchase,~~ ~~lease, upgrade, maintenance,~~ or ~~repair~~
1541		-	3 ~~technology that will not be allocated~~ to ~~student instruction~~
1542		-	4 ~~and learning,~~ ~~to include computer hardware,~~ ~~computer~~
1543		-	5 ~~software, wiring and computer networks,~~ ~~and~~
1544		-	6 ~~communication access systems used to connect with~~
1545		-	7 ~~computer networks or electronic gateways;~~ ~~services~~ of
1546		-	8 ~~full-time or part-time~~ ~~computer maintenance employees;~~
1547		-	9 ~~conducting nonrecurring inservice technology training of~~
1548		-	10 school ~~employees;~~ ~~implementing the technology preparation~~
1549		-	11 ~~curriculum~~; ~~participating in a program to provide~~
1550		-	12 ~~educational technologies,~~ ~~including computers in the homes~~
1551		-	13 ~~of students (commonly referred to as "the buddy system~~
1552		-	14 ~~project"~~) ~~under IC 20-20-13-6,~~ the ~~4R's technology program,~~
1553		-	15 ~~or any other program under~~ the ~~educational technology~~
1554		-	16 ~~program described~~ in ~~IC 20-20-13; and obtaining any~~
1555		-	17 ~~combination of equipment or services in the preceding two~~
1556		-	18 (2) ~~categories of this item.~~
1557		-	19 ~~(xiii) Services of~~ charter school ~~employees who perform~~
1558		-	20 ~~services considered to be a skilled trade by~~ the ~~United States~~
1559		-	21 ~~Department of Labor,~~ ~~Employment and Training~~
1560		-	22 ~~Administration~~. ~~For purposes~~ of ~~this item, skilled trade~~
1561		-	23 ~~services do not include janitorial or comparable routine~~
1562		-	24 ~~services normally provided in~~ the ~~daily operation of school~~
1563		-	25 ~~facilities or equipment.~~ ~~Payment may be made for employee~~
1564		-	26 ~~services only if the employees perform construction of,~~
1565		-	27 ~~renovation~~ of, ~~remodeling of, repair of, or maintenance on~~
1566		-	28 ~~the facilities and equipment~~ of the ~~charter school.~~
1567		-	29 ~~(2) Pay transportation costs under~~ the ~~following conditions~~:
1568		-	30 (A) ~~A charter school shall use~~ the ~~operations fund~~ to ~~pay the~~
1569		-	31 ~~transportation costs attributable to transportation of school~~
1570		-	32 ~~children as specified in clause (B).~~
1571		-	33 ~~(B) Only the following costs are payable from the fund:~~
1572		-	34 (i) ~~Salaries paid to bus drivers,~~ ~~transportation supervisors,~~
1573		-	35 ~~mechanics~~ and ~~garage employees, clerks, and other~~
1574		-	36 ~~transportation related employees.~~
1575		-	37 (ii) ~~Contracted transportation services.~~
1576		-	38 ~~(iii) Wages of independent contractors.~~
1577		-	39 (iv) ~~Contracts with common carriers~~.
1578		-	40 ~~(v) Student fares.~~
1579		-	41 ~~(vi) Transportation related insurance.~~
1580		-	42 ~~(vii) Other expenses of operating~~ the ~~school corporation's~~
	1527	+	1 corporation expects to be distributed to a particular charter school,
	1528	+	2 excluding virtual charter schools or adult high schools, under section
	1529	+	3 21 of this chapter if unless the charter school voluntarily elects to not
	1530	+	4 participate in the referendum in the manner described in subsection (i).
	1531	+	5 (h). At least sixty (60) days before the resolution described in
	1532	+	6 subsection (a) is voted on by the governing body, the school
	1533	+	7 corporation shall contact the department to determine the number of
	1534	+	8 students in kindergarten through grade 12:
	1535	+	9 (1) who have legal settlement in the school corporation but attend
	1536	+	10 a charter school, excluding virtual charter schools or adult high
	1537	+	11 schools; and
	1538	+	12 (2) who receive not more than fifty percent (50%) virtual
	1539	+	13 instruction.
	1540	+	14 Not later than fifty (50) days before the resolution is voted on by
	1541	+	15 the governing body, the department shall provide the school
	1542	+	16 corporation with the number of students with legal settlement in the
	1543	+	17 school corporation who attend a charter school and who receive not
	1544	+	18 more than fifty percent (50%) virtual instruction, which shall be
	1545	+	19 disaggregated for each particular charter school, excluding a virtual
	1546	+	20 charter school or adult high school. The projection may include an
	1547	+	21 expected increase in charter schools during the term the levy is
	1548	+	22 imposed under this chapter. The department of local government
	1549	+	23 finance shall prescribe the manner in which the projection shall be
	1550	+	24 calculated. The governing body shall take into consideration the
	1551	+	25 projection when adopting the revenue spending plan under subsection
	1552	+	26 (g). (f).
	1553	+	27 (g) (f) As part of the resolution described in subsection (a), the
	1554	+	28 governing body of the school corporation shall adopt a revenue
	1555	+	29 spending plan for the proposed referendum tax levy that includes:
	1556	+	30 (1) an estimate of the amount of annual revenue expected to be
	1557	+	31 collected if a levy is imposed under this chapter;
	1558	+	32 (2) the specific purposes for which the revenue collected from a
	1559	+	33 levy imposed under this chapter will be used;
	1560	+	34 (3) an estimate of the annual dollar amounts that will be expended
	1561	+	35 for each purpose described in subdivision (2); and
	1562	+	36 (4) for a resolution for a referendum that is adopted after May 10,
	1563	+	37 2023, for a county as described in section 21(a) 21 of this chapter,
	1564	+	38 the projected revenue that shall be distributed to charter schools
	1565	+	39 as provided in subsections (f) and (i). subsections (e) and (h).
	1566	+	40 The revenue spending plan shall also take into consideration
	1567	+	41 deviations in the proposed revenue spending plan if the actual
	1568	+	42 charter school distributions exceed or are lower than the projected
1581	1569		SB 518—LS 7334/DI 125 37
1582		-	1 ~~transportation service,~~ ~~including gasoline,~~ ~~lubricants, tires,~~
1583		-	2 ~~repairs, contracted repairs,~~ ~~parts, supplies,~~ ~~equipment, and~~
1584		-	3 ~~other related expenses.~~
1585		-	4 (C) ~~Percentages or parts of salaries of teaching personnel or~~
1586		-	5 ~~principals are not attributable to transportation.~~ ~~However, parts~~
1587		-	6 ~~of salaries of instructional aides who are assigned to assist~~
1588		-	7 ~~with~~ the ~~school transportation program are attributable to~~
1589		-	8 ~~transportation.~~ The ~~costs described in this clause (other than~~
1590		-	9 ~~instructional aide costs~~) ~~may not be budgeted for payment or~~
1591		-	10 ~~paid from the fund.~~
1592		-	11 (D) ~~Costs for a calendar year are those costs attributable to~~
1593		-	12 ~~transportation for students during~~ the ~~school year ending~~ in the
1594		-	13 ~~calendar year.~~
1595		-	14 ~~(3) Carry out a school bus replacement plan approved by the~~
1596		-	15 ~~charter~~ school ~~board~~ under ~~the following conditions:~~
1597		-	16 (A) ~~Before a~~ charter school ~~may use money in the operations~~
1598		-	17 ~~fund for replacing school buses, a resolution approving~~ the
1599		-	18 school ~~bus replacement plan or amended plan must be~~
1600		-	19 ~~submitted to~~ the ~~department~~ of ~~local government finance.~~
1601		-	20 ~~(B)~~ The ~~department~~ of ~~local government finance shall~~
1602		-	21 ~~prescribe~~ the ~~format of~~ the ~~plan. A plan~~ must ~~apply to at least~~
1603		-	22 the ~~five (5) budget years immediately following the year the~~
1604		-	23 ~~plan is adopted and include at least an estimate for each year~~
1605		-	24 to ~~which it applies of~~ the ~~nature and amount of proposed~~
1606		-	25 ~~expenditures from~~ the ~~fund, and if~~ the ~~school corporation is~~
1607		-	26 ~~seeking~~ to ~~acquire or contract for transportation services that~~
1608		-	27 ~~will provide additional~~ school ~~buses or school buses with a~~
1609		-	28 ~~larger seating capacity as compared with~~ the ~~number and type~~
1610		-	29 of school ~~buses from the prior school year, evidence of a~~
1611		-	30 ~~demand for increased transportation services within~~ the school
1612		-	31 ~~corporation. However,~~ ~~the evidence requirement regarding a~~
1613		-	32 ~~contract for transportation services does not apply if contracted~~
1614		-	33 ~~transportation services are not paid from~~ the ~~fund.~~
1615		-	34 ~~(C) If~~ the ~~charter school is seeking~~ to ~~require a contractor to~~
1616		-	35 ~~replace a school bus, evidence that~~ the ~~need exists for~~ the
1617		-	36 ~~replacement of the school bus~~. ~~This clause does not apply if~~
1618		-	37 ~~contracted transportation services are not paid from the~~
1619		-	38 ~~operations fund.~~
1620		-	39 ~~(D) Evidence~~ that the ~~charter school that seeks to acquire~~
1621		-	40 ~~additional school buses under this subdivision is acquiring or~~
1622		-	41 ~~contracting for~~ the ~~school buses only for the purposes~~
1623		-	42 ~~specified in clause (B)~~ or ~~for replacement purposes.~~
	1570	+	1 charter school distributions described in subsection (f). (e). The
	1571	+	2 resolution shall include for each charter school that elects to
	1572	+	3 participate under subsection (i) (h) information described in
	1573	+	4 subdivisions (1) through (3).
	1574	+	5 (h) (g) A school corporation shall specify in its proposed budget the
	1575	+	6 school corporation's revenue spending plan adopted under subsection
	1576	+	7 (g) (f) and annually present the revenue spending plan at its public
	1577	+	8 hearing on the proposed budget under IC 6-1.1-17-3.
	1578	+	9 (i) (h) This subsection applies to a resolution described in
	1579	+	10 subsection (a) for a county described in section 21(a) section 21 of this
	1580	+	11 chapter that is adopted after May 10, 2023. At least forty-five (45) days
	1581	+	12 before the resolution described in subsection (a) is voted on by the
	1582	+	13 governing body, the school corporation shall contact each charter
	1583	+	14 school, excluding virtual charter schools or adult high schools,
	1584	+	15 disclosed by the department to the school corporation under subsection
	1585	+	16 (f) (e) to determine whether the charter school will elect to not
	1586	+	17 participate in the referendum. The notice must include the total amount
	1587	+	18 of the school corporation's expected need, the corresponding estimate
	1588	+	19 for that amount divided by the number of students enrolled in the
	1589	+	20 school corporation, and the date on which the governing body of the
	1590	+	21 school corporation will vote on the resolution. The charter school must
	1591	+	22 respond in writing to the school corporation, which may be by
	1592	+	23 electronic mail addressed to the superintendent of the school
	1593	+	24 corporation, at least fifteen (15) thirty (30) days prior to the date that
	1594	+	25 the resolution described in subsection (a) is to be voted on by the
	1595	+	26 governing body. If the charter school elects to not participate in the
	1596	+	27 referendum, the school corporation may exclude distributions to the
	1597	+	28 charter school under section 21 of this chapter and from the projection
	1598	+	29 described in subsection (f). (e). If the a charter school will elects to
	1599	+	30 participate in the referendum, the charter school may receive
	1600	+	31 distributions under section 21 of this chapter and must be included in
	1601	+	32 the projection described in subsection (f). In addition, a charter school
	1602	+	33 that elects to will participate in the referendum under this subsection
	1603	+	34 shall contribute a proportionate share of the cost to conduct the
	1604	+	35 referendum based on the total combined ADM of the school
	1605	+	36 corporation and any participating charter schools.
	1606	+	37 (j) (i) This subsection applies to a resolution described in subsection
	1607	+	38 (a) for a county described in section 21(a) section 21 of this chapter
	1608	+	39 that is adopted after May 10, 2023. At least thirty (30) days before the
	1609	+	40 resolution described in subsection (a) referendum submitted to the
	1610	+	41 voters under this chapter is voted on by the governing body, public in
	1611	+	42 a primary or general election, the school corporation that is pursuing
1624	1612		SB 518—LS 7334/DI 125 38
1625		-	1 ~~(E) If a~~ charter school ~~wants~~ to ~~use money in the operations~~
1626		-	2 ~~fund during the year to pay for school bus replacement, the~~
1627		-	3 ~~governing body must adopt a resolution approving the bus~~
1628		-	4 ~~replacement plan or amended plan.~~ The ~~charter school shall~~
1629		-	5 ~~post~~ the ~~proposed plan or proposed amended plan on~~ the
1630		-	6 charter school~~'s website before the hearing.~~ ~~The governing~~
1631		-	7 ~~body must hold~~ a ~~hearing on the adoption of the plan. The~~
1632		-	8 ~~charter school shall submit the proposed school bus~~
1633		-	9 ~~replacement plan~~ or ~~amended plan to the department of local~~
1634		-	10 ~~government finance's computer gateway at least ten (10) days~~
1635		-	11 ~~before~~ the ~~hearing on the adoption of the plan. The department~~
1636		-	12 of ~~local government finance shall make~~ the ~~proposed plan~~
1637		-	13 ~~available to taxpayers, at least ten (10) days before the hearing,~~
1638		-	14 ~~through~~ the ~~department's computer gateway.~~ ~~If an amendment~~
1639		-	15 ~~to a bus replacement plan is being proposed, the charter school~~
1640		-	16 ~~must declare~~ the ~~nature of and the need for the amendment in~~
1641		-	17 ~~the resolution to adopt the amendment to the plan~~.
1642		-	18 (4) ~~Pay expenses that are allocated to overhead and operational~~
1643		-	19 ~~expenditures~~.
1644		-	20 (5) ~~Establish~~, ~~maintain~~, ~~and equip a public playground.~~
1645		-	21 ~~SECTION 21.~~ ~~IC 20-46-1-8, AS AMENDED BY P.L.162-2024,~~
1646		-	22 ~~SECTION 25,~~ ~~AND AS AMENDED BY P~~.~~L.36-2024, SECTION 10,~~
1647		-	23 ~~AND~~ AS AMENDED BY P.L.~~104-2024~~, ~~SECTION 51, AND AS~~
1648		-	24 AMENDED ~~BY THE TECHNICAL CORRECTIONS BILL OF THE~~
1649		-	25 2025 ~~GENERAL ASSEMBLY,~~ ~~IS CORRECTED AND AMENDED~~
1650		-	26 ~~TO READ AS FOLLOWS [EFFECTIVE MAY 10, 2025~~
1651		-	27 (~~RETROACTIVE)]: Sec. 8. (a~~) ~~Subject to subsections (e), (f),~~ and ~~(g)~~
1652		-	28 (~~b), (e), and (f~~) ~~and~~ this chapter~~, the governing body of a school~~
1653		-	29 ~~corporation may adopt a resolution to place a referendum under this~~
1654		-	30 ~~chapter on the ballot for any of the following purposes:~~
1655		-	31 ~~(1) The governing body of the school corporation determines that~~
1656		-	32 ~~it cannot, in~~ a ~~calendar year,~~ ~~carry out its public educational duty~~
1657		-	33 ~~unless it imposes~~ a ~~referendum tax levy under this chapter.~~
1658		-	34 (2) ~~The governing body~~ of ~~the school corporation determines that~~
1659		-	35 ~~a referendum tax levy under this chapter should be imposed to~~
1660		-	36 ~~replace property tax revenue that the school corporation will not~~
1661		-	37 ~~receive because of~~ the ~~application of~~ the ~~credit under~~
1662		-	38 ~~IC 6-1.1-20.6.~~
1663		-	39 ~~(3) Except for resolutions described~~ in ~~subsection (b), the~~
1664		-	40 ~~governing body makes the determination required under~~
1665		-	41 ~~subdivision (~~1~~) or (2) and determines to share a portion of the~~
1666		-	42 ~~referendum proceeds with a charter school~~, ~~excluding a virtual~~
	1613	+	1 the resolution referendum and any charter school that has elected to
	1614	+	2 will participate under subsection (i) (h) shall post a referendum
	1615	+	3 disclosure statement on each school's respective website that contains
	1616	+	4 the following information:
	1617	+	5 (1) The salaries of all employees employed by position within the
	1618	+	6 school corporation or charter school listed from highest salary to
	1619	+	7 lowest salary and a link to Gateway Indiana for access to
	1620	+	8 individual salaries.
	1621	+	9 (2) An acknowledgment that the school corporation or charter
	1622	+	10 school is not committing any crime described in IC 35-44.1-1.
	1623	+	11 (3) A link to the school corporation's or charter school's most
	1624	+	12 recent state board of accounts audit on the state board of accounts'
	1625	+	13 website.
	1626	+	14 (4) The current enrollment of the school corporation or charter
	1627	+	15 school disaggregated by student group and race.
	1628	+	16 (5) The school corporation's or charter school's high school
	1629	+	17 graduation rate.
	1630	+	18 (6) The school corporation's or charter school's annual retention
	1631	+	19 rate for teachers for the previous five (5) years.
	1632	+	20 (j) Not later than May 20, 2025, the department of local
	1633	+	21 government finance shall prescribe the manner in which a
	1634	+	22 projection described in subsection (e) shall be calculated.
	1635	+	23 SECTION 19. IC 20-46-1-8.5, AS AMENDED BY P.L.189-2023,
	1636	+	24 SECTION 31, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1637	+	25 MAY 10, 2025 (RETROACTIVE)]: Sec. 8.5. (a) A resolution to extend
	1638	+	26 a referendum levy must be:
	1639	+	27 (1) adopted by the governing body of a school corporation; and
	1640	+	28 (2) approved in a referendum under this chapter;
	1641	+	29 before December 31 of the final calendar year in which the school
	1642	+	30 corporation's previously approved referendum levy is imposed under
	1643	+	31 this chapter.
	1644	+	32 (b) For a resolution adopted under this section:
	1645	+	33 (1) after May 10, 2023, and before May 11, 2025, for a county
	1646	+	34 described in section 21(a) of this chapter; and
	1647	+	35 (2) after May 10, 2025, for all counties, as described in section
	1648	+	36 21(b) of this chapter;
	1649	+	37 the resolution must include the projected charter school distributions
	1650	+	38 described in section 8(f) 8(e) of this chapter and indicate the
	1651	+	39 distributions to applicable charter schools in accordance with section
	1652	+	40 21 of this chapter.
	1653	+	41 SECTION 20. IC 20-46-1-21, AS ADDED BY P.L.189-2023,
	1654	+	42 SECTION 34, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
1667	1655		SB 518—LS 7334/DI 125 39
1668		-	1 ~~charter school~~, ~~in the manner prescribed in subsection~~ (e).
1669		-	2 ~~(b)~~ A resolution ~~for a referendum for a county described in section~~
1670		-	3 21 of this chapter ~~that is adopted after May 10, 2023, shall specify that~~
1671		-	4 a ~~portion of the proceeds collected from the proposed levy will be~~
1672		-	5 ~~distributed to applicable charter schools~~ in ~~the manner described under~~
1673		-	6 ~~section 21 of this chapter.~~
1674		-	7 (c) ~~The governing body of the school corporation shall certify a~~
1675		-	8 ~~copy of the resolution to place a referendum on the ballot to the~~
1676		-	9 ~~following:~~
1677		-	10 (1) ~~The department of local government finance,~~ ~~including:~~
1678		-	11 ~~(A)~~ the ~~language for the question required by section~~ 10 ~~of this~~
1679		-	12 ~~chapter, or in the case of a resolution to extend~~ a referendum
1680		-	13 ~~levy certified~~ to ~~the department of local government finance~~
1681		-	14 ~~after March 15,~~ ~~2016, section 10.1 of this chapter;~~ ~~and~~
1682		-	15 ~~(B) a copy of~~ the ~~revenue spending plan adopted under~~
1683		-	16 ~~subsection (g)~~. ~~(f).~~
1684		-	17 The ~~language of~~ the ~~public question must include the estimated~~
1685		-	18 ~~average percentage increases certified by the county auditor~~ under
1686		-	19 ~~section 10(e)~~ or ~~10.1(f) of this chapter~~, ~~as applicable. The~~
1687		-	20 ~~governing body~~ of the school ~~corporation shall also provide the~~
1688		-	21 ~~county auditor's certification described in section 10(e) or 10.1(f)~~
1689		-	22 of this chapter~~, as applicable~~. The ~~department of local government~~
1690		-	23 ~~finance~~ shall ~~post the values certified by~~ the county auditor ~~to the~~
1691		-	24 ~~department's website.~~ The ~~department shall review the language~~
1692		-	25 ~~for compliance with section 10 or 10.1 of this chapter, whichever~~
1693		-	26 ~~is applicable,~~ and ~~either approve or reject the language. The~~
1694		-	27 ~~department shall send its decision to~~ the ~~governing body~~ of ~~the~~
1695		-	28 school corporation ~~not more than ten (10) days after both the~~
1696		-	29 ~~certification of~~ the ~~county auditor described in section 10(e) or~~
1697		-	30 ~~10.1(f) of this chapter~~, ~~as applicable, and the resolution is are~~
1698		-	31 ~~submitted to the department.~~ ~~If the language is approved, the~~
1699		-	32 ~~governing body of the school corporation shall certify a copy of~~
1700		-	33 ~~the resolution, including the language for the question and the~~
1701		-	34 ~~department's approval.~~
1702		-	35 ~~(2) The county fiscal body of each county in which the school~~
1703		-	36 ~~corporation is located (for~~ ~~informational purposes only)~~.
1704		-	37 (3) ~~The circuit court clerk of each county in which the~~ school
1705		-	38 ~~corporation is located.~~
1706		-	39 ~~(d) If~~ a ~~school safety referendum tax levy under IC 20-46-9 has been~~
1707		-	40 ~~approved by the voters in~~ a ~~school corporation at any time in the~~
1708		-	41 ~~previous three (3) years,~~ ~~the~~ school ~~corporation may not:~~
1709		-	42 (1) ~~adopt a resolution to place a referendum under this chapter on~~
	1656	+	1 MAY 10, 2025 (RETROACTIVE)]: Sec. 21. (a) This section applies
	1657	+	2 to revenue received from a resolution that is approved by the governing
	1658	+	3 body to impose a referendum levy under section 8 or 8.5 of this chapter
	1659	+	4 after May 10, 2023, and before May 11, 2025, for a school corporation
	1660	+	5 located in:
	1661	+	6 (1) Lake County;
	1662	+	7 (2) Marion County;
	1663	+	8 (3) St. Joseph County; or
	1664	+	9 (4) Vanderburgh County.
	1665	+	10 (b) This section applies to revenue received from a resolution
	1666	+	11 that is approved by the governing body after May 10, 2025, to
	1667	+	12 impose a referendum levy under section 8 or 8.5 of this chapter for
	1668	+	13 a school corporation. However, this section does not apply to a
	1669	+	14 school corporation for which less than one hundred (100) students
	1670	+	15 who have legal settlement in the school corporation attend a
	1671	+	16 charter school.
	1672	+	17 (b) (c) The county auditor in which the school corporation is located
	1673	+	18 shall distribute an amount under subsection (d) (e) to each charter
	1674	+	19 school, excluding virtual charter schools or adult high schools, that a
	1675	+	20 student who resides within the attendance area of the school
	1676	+	21 corporation attends if unless the charter school elects to not participate
	1677	+	22 in the referendum under section 8(i) 8(h) of this chapter. The
	1678	+	23 department shall provide the county auditor with data and information
	1679	+	24 necessary for the county auditor to determine:
	1680	+	25 (1) which charter schools are eligible to receive a distribution
	1681	+	26 under this section; and
	1682	+	27 (2) the number of students who:
	1683	+	28 (A) reside within the attendance area of the school corporation
	1684	+	29 who are included in the ADM for each charter school,
	1685	+	30 excluding virtual charter schools or adult high schools,
	1686	+	31 described in subdivision (1); and
	1687	+	32 (B) receive not more than fifty percent (50%) virtual
	1688	+	33 instruction.
	1689	+	34 (c) (d) The following schools are not eligible to receive a
	1690	+	35 distribution under this section:
	1691	+	36 (1) A virtual charter school.
	1692	+	37 (2) An adult high school.
	1693	+	38 (d) (e) This subsection applies only for distributions of revenue
	1694	+	39 received from a resolution that is approved by the governing body
	1695	+	40 after May 10, 2023, and before May 11, 2025, to impose a
	1696	+	41 referendum levy under section 8 or 8.5 of this chapter for a school
	1697	+	42 corporation described in subsection (a). For the purposes of the
1710	1698		SB 518—LS 7334/DI 125 40
1711		-	1 ~~the ballot;~~ or
1712		-	2 ~~(2) otherwise place~~ a ~~referendum under this chapter on the ballot.~~
1713		-	3 ~~(e) Except as provided in section 21 of this chapter, the resolution~~
1714		-	4 ~~described in subsection (a) must indicate whether proceeds in~~ the
1715		-	5 ~~school corporation's education fund collected from~~ a ~~tax levy under this~~
1716		-	6 ~~chapter will be used to provide a distribution to a~~ charter school or
1717		-	7 ~~charter schools, excluding a virtual charter school,~~ under ~~IC 20-40-3-5~~
1718		-	8 ~~as well as the amount that will be distributed to the particular charter~~
1719		-	9 ~~school or~~ charter ~~schools. A school corporation may request from the~~
1720		-	10 ~~designated charter school or~~ charter schools ~~any financial~~
1721		-	11 ~~documentation necessary to demonstrate~~ the ~~financial need~~ of ~~the~~
1722		-	12 ~~charter~~ school ~~or charter schools. Distribution to a charter school of~~
1723		-	13 ~~proceeds from a referendum held before May 10,~~ ~~2023, does not~~
1724		-	14 ~~provide exemption from this chapter.~~
1725		-	15 (f) ~~(e) This subsection applies to a resolution described in~~
1726		-	16 ~~subsection~~ (a) ~~for a county described in section 21(a) section 21~~ of ~~this~~
1727		-	17 ~~chapter that is adopted after May 10, 2023.~~ The ~~resolution described in~~
1728		-	18 ~~subsection (a) shall include~~ a ~~projection of the amount that the~~ school
1729		-	19 ~~corporation expects to be distributed to a particular~~ charter ~~school,~~
1730		-	20 ~~excluding virtual charter schools or adult high schools, under section~~
1731		-	21 ~~21 of this chapter if unless~~ the ~~charter school voluntarily elects to not~~
1732		-	22 ~~participate in~~ the ~~referendum in the manner described in subsection (i)~~.
1733		-	23 ~~(h). At least sixty (60) days before~~ the ~~resolution described in~~
1734		-	24 ~~subsection~~ (a) ~~is voted on~~ by ~~the governing body, the school~~
1735		-	25 ~~corporation shall contact~~ the ~~department to determine~~ the ~~number of~~
1736		-	26 ~~students in kindergarten through grade 12:~~
1737		-	27 (1) ~~who have legal settlement in the school corporation but attend~~
1738		-	28 a ~~charter school,~~ ~~excluding virtual charter schools or adult high~~
1739		-	29 ~~schools; and~~
1740		-	30 ~~(2) who receive not more than fifty percent (50%) virtual~~
1741		-	31 ~~instruction.~~
1742		-	32 ~~Not later than fifty (50) days before the resolution is voted on by~~
1743		-	33 ~~the governing body,~~ ~~the department shall provide the~~ school
1744		-	34 ~~corporation with the number of students with legal settlement in the~~
1745		-	35 school corporation ~~who attend a charter school and who receive not~~
1746		-	36 ~~more than fifty percent (50%)~~ virtual ~~instruction, which shall be~~
1747		-	37 ~~disaggregated for each particular charter school~~, ~~excluding a virtual~~
1748		-	38 ~~charter school or adult high school.~~ The ~~projection may include an~~
1749		-	39 ~~expected increase in~~ charter ~~schools during the term the levy is~~
1750		-	40 ~~imposed under this chapter.~~ ~~The department of local government~~
1751		-	41 ~~finance shall prescribe~~ the ~~manner in which the projection shall be~~
1752		-	42 ~~calculated. The governing body shall take into consideration the~~
	1699	+	1 calculations made in this subsection, each eligible school that has
	1700	+	2 entered into an agreement with a school corporation to participate as a
	1701	+	3 participating innovation network charter school under IC 20-25.7-5 is
	1702	+	4 considered to have an ADM that is separate from the school
	1703	+	5 corporation. The amount that the county auditor shall distribute to a
	1704	+	6 charter school, excluding virtual charter schools or adult high schools,
	1705	+	7 under this section is the amount determined in the last STEP of the
	1706	+	8 following STEPS:
	1707	+	9 STEP ONE: Determine, for each charter school, excluding virtual
	1708	+	10 charter schools or adult high schools, that is eligible to receive a
	1709	+	11 distribution under this section, the number of students who reside
	1710	+	12 within the attendance area of the school corporation who are
	1711	+	13 currently included in the ADM of the charter school.
	1712	+	14 STEP TWO: Determine the sum of:
	1713	+	15 (A) the current ADM count for the school corporation; plus
	1714	+	16 (B) total number of all students who reside within the
	1715	+	17 attendance area of the school corporation who are currently
	1716	+	18 included in the ADM of a charter school, excluding virtual
	1717	+	19 charter schools or adult high schools.
	1718	+	20 STEP THREE: Determine the result of:
	1719	+	21 (A) the STEP ONE amount; divided by
	1720	+	22 (B) the STEP TWO amount.
	1721	+	23 STEP FOUR: Determine the result of:
	1722	+	24 (A) the STEP THREE amount; multiplied by
	1723	+	25 (B) the amount collected by the county auditor during the most
	1724	+	26 recent installment period.
	1725	+	27 (f) This subsection applies only for distributions of revenue
	1726	+	28 received from a resolution that is approved by the governing body
	1727	+	29 after May 10, 2025, to impose a referendum levy under section 8 or
	1728	+	30 8.5 of this chapter for a school corporation. For purposes of the
	1729	+	31 calculations made in this subsection, each eligible school that has
	1730	+	32 entered into an agreement with a school corporation to participate
	1731	+	33 as a participating innovation network charter school under
	1732	+	34 IC 20-25.7-5 is considered to have an ADM that is separate from
	1733	+	35 the school corporation. The amount that the county auditor shall
	1734	+	36 distribute to a charter school, excluding virtual charter schools or
	1735	+	37 adult high schools, under this section is the amount determined in
	1736	+	38 STEP FOUR of the following:
	1737	+	39 STEP ONE: Determine, for each charter school, excluding
	1738	+	40 virtual charter schools or adult high schools, that is eligible to
	1739	+	41 receive a distribution under this section, the number of
	1740	+	42 students who:
1753	1741		SB 518—LS 7334/DI 125 41
1754		-	1 ~~projection when adopting~~ the ~~revenue spending plan under subsection~~
1755		-	2 ~~(g). (f).~~
1756		-	3 ~~(g) (f) As part of the resolution described in subsection (a), the~~
1757		-	4 ~~governing body of the school corporation shall adopt a revenue~~
1758		-	5 ~~spending plan for the proposed referendum tax levy that includes:~~
1759		-	6 ~~(1) an estimate of~~ the ~~amount~~ of ~~annual revenue expected to be~~
1760		-	7 ~~collected if a levy is imposed under this chapter;~~
1761		-	8 ~~(2) the specific purposes for which the revenue collected from a~~
1762		-	9 ~~levy imposed under this chapter will be used;~~
1763		-	10 ~~(3) an estimate of the annual dollar amounts that will be expended~~
1764		-	11 ~~for each purpose described in subdivision (2); and~~
1765		-	12 ~~(4) for a resolution for a referendum that is adopted after May 10,~~
1766		-	13 ~~2023, for a county as described in section 21~~(a) 21 of ~~this chapter,~~
1767		-	14 the ~~projected revenue that shall be distributed to charter schools~~
1768		-	15 ~~as provided~~ in ~~subsections (f) and (i). subsections (e) and (h).~~
1769		-	16 ~~The revenue spending plan shall also take into consideration~~
1770		-	17 ~~deviations in the proposed revenue spending plan if the actual~~
1771		-	18 ~~charter school distributions exceed or are lower~~ than ~~the projected~~
1772		-	19 ~~charter school distributions described in subsection (f)~~. ~~(e). The~~
1773		-	20 ~~resolution shall include~~ for each charter school ~~that elects to~~
1774		-	21 ~~participate under subsection (i) (h) information described in~~
1775		-	22 ~~subdivisions~~ (1) ~~through (3).~~
1776		-	23 (h) ~~(g) A school corporation shall specify in its proposed budget the~~
1777		-	24 ~~school corporation's revenue spending plan adopted under subsection~~
1778		-	25 ~~(g) (f) and annually present~~ the ~~revenue spending plan at its public~~
1779		-	26 ~~hearing on~~ the ~~proposed budget under IC 6-1.1-17-3.~~
1780		-	27 (i) ~~(h) This subsection applies to a resolution described in~~
1781		-	28 ~~subsection (a) for a county described in section 21(a) section 21 of this~~
1782		-	29 ~~chapter that is adopted after May 10~~, ~~2023~~. ~~At least forty-five (45) days~~
1783		-	30 ~~before the resolution described in subsection (a)~~ is ~~voted on by the~~
1784		-	31 governing body~~, the school corporation shall contact~~ each ~~charter~~
1785		-	32 ~~school, excluding virtual charter schools or adult high schools,~~
1786		-	33 ~~disclosed by the department to the school corporation under subsection~~
1787		-	34 (f) ~~(e)~~ to ~~determine whether the charter~~ school ~~will elect to not~~
1788		-	35 ~~participate in the referendum~~. The ~~notice must include the total amount~~
1789		-	36 ~~of the school corporation's expected need,~~ ~~the corresponding estimate~~
1790		-	37 ~~for~~ that ~~amount divided by~~ the ~~number of students enrolled in the~~
1791		-	38 school ~~corporation, and the date on which the governing body of the~~
1792		-	39 ~~school corporation will vote on the resolution~~. ~~The charter school must~~
1793		-	40 ~~respond~~ in ~~writing to the school corporation~~, ~~which may be by~~
1794		-	41 ~~electronic mail addressed to the superintendent~~ of the ~~school~~
1795		-	42 ~~corporation, at least fifteen (15) thirty (30) days prior to~~ the ~~date that~~
	1742	+	1 (A) reside within the attendance area of the school
	1743	+	2 corporation who are currently included in the ADM of the
	1744	+	3 charter school; and
	1745	+	4 (B) receive not more than fifty percent (50%) virtual
	1746	+	5 instruction.
	1747	+	6 STEP TWO: Determine the sum of:
	1748	+	7 (A) the current ADM count for the school corporation,
	1749	+	8 excluding students who:
	1750	+	9 (i) receive more than fifty percent (50%) virtual
	1751	+	10 instruction; and
	1752	+	11 (ii) attend the school corporation but do not have legal
	1753	+	12 settlement in the school corporation; plus
	1754	+	13 (B) the total number of all students who reside within the
	1755	+	14 attendance area of the school corporation who are
	1756	+	15 currently included in the ADM of:
	1757	+	16 (i) a charter school, excluding virtual charter schools or
	1758	+	17 adult high schools; and
	1759	+	18 (ii) receive not more than fifty percent (50%) virtual
	1760	+	19 instruction.
	1761	+	20 STEP THREE: For each charter school, determine the result
	1762	+	21 of:
	1763	+	22 (A) the STEP ONE amount; divided by
	1764	+	23 (B) the STEP TWO amount.
	1765	+	24 STEP FOUR: To determine the distribution amount for a
	1766	+	25 charter school, determine the result of:
	1767	+	26 (A) the STEP THREE amount; multiplied by
	1768	+	27 (B) the amount collected by the county auditor during the
	1769	+	28 most recent installment period.
	1770	+	29 SECTION 21. IC 20-46-7-4, AS AMENDED BY P.L.169-2017,
	1771	+	30 SECTION 9, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1772	+	31 JULY 1, 2025]: Sec. 4. (a) The governing body of each school
	1773	+	32 corporation shall establish a levy in every calendar year sufficient to
	1774	+	33 pay all obligations.
	1775	+	34 (b) This subsection applies to a school corporation that consolidates
	1776	+	35 under IC 20-23-6-12.5. The governing body shall establish a levy for
	1777	+	36 each subunit (as defined in IC 20-23-6-0.5) in each calendar year
	1778	+	37 sufficient to pay the debts and obligations that the particular subunit
	1779	+	38 incurred before consolidating with one (1) or more school corporations
	1780	+	39 under IC 20-23-6-12.5.
	1781	+	40 (c) Beginning in calendar year 2026, and each year thereafter,
	1782	+	41 a school corporation shall share a portion of the revenue collected
	1783	+	42 from a levy imposed under this chapter in the manner provided in
1796	1784		SB 518—LS 7334/DI 125 42
1797		-	1 ~~the resolution described in subsection (a) is to be voted on by the~~
1798		-	2 ~~governing body~~. If the ~~charter school elects to not participate in the~~
1799		-	3 ~~referendum, the school corporation may exclude distributions~~ to ~~the~~
1800		-	4 ~~charter school under section 21 of this chapter and from the projection~~
1801		-	5 ~~described in subsection (f). (e). If~~ the ~~a charter school will elects to~~
1802		-	6 ~~participate~~ in ~~the referendum,~~ the ~~charter school may receive~~
1803		-	7 ~~distributions under section 21 of this chapter and~~ must ~~be included in~~
1804		-	8 the ~~projection described in subsection (f). In addition, a charter school~~
1805		-	9 ~~that elects to will participate in the referendum~~ under this ~~subsection~~
1806		-	10 ~~shall contribute a proportionate share of~~ the ~~cost to conduct the~~
1807		-	11 ~~referendum based on~~ the ~~total combined ADM of the school~~
1808		-	12 ~~corporation and any participating~~ charter schools.
1809		-	13 ~~(j) (i) This subsection applies to a resolution described~~ in ~~subsection~~
1810		-	14 ~~(a) for a county described in section 21(a) section 21 of this chapter~~
1811		-	15 ~~that is adopted after May 10, 2023. At least thirty~~ (30) ~~days before the~~
1812		-	16 ~~resolution described~~ in ~~subsection (a) referendum submitted to the~~
1813		-	17 ~~voters under this chapter is voted on by~~ the ~~governing body,~~ ~~public in~~
1814		-	18 a ~~primary or general election,~~ the school corporation ~~that is pursuing~~
1815		-	19 the ~~resolution referendum and any~~ charter ~~school that has elected to~~
1816		-	20 ~~will participate under subsection (i) (h) shall post a referendum~~
1817		-	21 ~~disclosure statement on each school's respective website that contains~~
1818		-	22 ~~the following information:~~
1819		-	23 ~~(1)~~ The ~~salaries~~ of ~~all employees employed by position within the~~
1820		-	24 school corporation ~~or charter school listed from highest salary to~~
1821		-	25 ~~lowest salary and a link to Gateway Indiana for access to~~
1822		-	26 ~~individual salaries.~~
1823		-	27 ~~(2) An acknowledgment that the school corporation or charter~~
1824		-	28 school is not ~~committing any crime described in IC 35-44.1-1.~~
1825		-	29 ~~(3) A link to~~ the school corporation~~'s or charter school's most~~
1826		-	30 ~~recent state board~~ of ~~accounts audit on the state board of accounts'~~
1827		-	31 ~~website.~~
1828		-	32 ~~(4)~~ The ~~current enrollment of the school corporation or charter~~
1829		-	33 school ~~disaggregated by student group and race.~~
1830		-	34 ~~(5) The school corporation's~~ or ~~charter school's~~ high ~~school~~
1831		-	35 ~~graduation rate.~~
1832		-	36 ~~(6) The school corporation's or charter school's annual retention~~
1833		-	37 ~~rate for teachers for~~ the ~~previous five (5) years.~~
1834		-	38 ~~(j) Not later than May 20~~, ~~2025, the department of local~~
1835		-	39 ~~government finance shall prescribe~~ the ~~manner in which a~~
1836		-	40 ~~projection described in subsection~~ (e) ~~shall be calculated.~~
1837		-	41 ~~SECTION 22~~. ~~IC 20-46-1-8.5, AS AMENDED BY P.L.189-2023,~~
1838		-	42 ~~SECTION 31,~~ ~~IS AMENDED~~ TO ~~READ AS FOLLOWS [EFFECTIVE~~
	1785	+	1 section 17 of this chapter.
	1786	+	2 SECTION 22. IC 20-46-7-16 IS ADDED TO THE INDIANA
	1787	+	3 CODE AS A NEW SECTION TO READ AS FOLLOWS
	1788	+	4 [EFFECTIVE JULY 1, 2025]: Sec. 16. (a) Not later than November
	1789	+	5 15, 2025, the department shall determine the applicable debt
	1790	+	6 service levy share quotient to be used in calculating the amounts
	1791	+	7 that a school corporation must share each calendar year from the
	1792	+	8 total property tax revenue collected from the school corporation's
	1793	+	9 debt service property tax levy imposed under this chapter in the
	1794	+	10 calendar year according to the following formula:
	1795	+	11 STEP ONE: Identify, for each school corporation, the charter
	1796	+	12 schools, excluding virtual charter schools or adult high
	1797	+	13 schools, in which students who have legal settlement in the
	1798	+	14 school corporation attend and receive not more than fifty
	1799	+	15 percent (50%) virtual instruction.
	1800	+	16 STEP TWO: Determine, for each charter school identified in
	1801	+	17 STEP ONE, the number of students who:
	1802	+	18 (A) have legal settlement in the school corporation who are
	1803	+	19 currently included in the fall ADM count of the charter
	1804	+	20 school; and
	1805	+	21 (B) receive not more than fifty percent (50%) virtual
	1806	+	22 instruction.
	1807	+	23 STEP THREE: Determine the sum of:
	1808	+	24 (A) the fall ADM count for the school corporation,
	1809	+	25 excluding students who:
	1810	+	26 (i) receive more than fifty percent (50%) virtual
	1811	+	27 instruction; and
	1812	+	28 (ii) attend the school corporation but do not have legal
	1813	+	29 settlement in the school corporation; plus
	1814	+	30 (B) the total number of students who:
	1815	+	31 (i) reside within the attendance area of the school
	1816	+	32 corporation who are currently included in the fall ADM
	1817	+	33 count of a charter school, excluding virtual charter
	1818	+	34 schools or adult high schools; and
	1819	+	35 (ii) who receive not more than fifty percent (50%)
	1820	+	36 virtual instruction.
	1821	+	37 STEP FOUR: To determine the debt service levy share
	1822	+	38 quotient for each charter school identified in STEP ONE,
	1823	+	39 determine the result of:
	1824	+	40 (A) the STEP TWO result; divided by
	1825	+	41 (B) the STEP THREE result.
	1826	+	42 (b) The department shall provide to the county auditor with
1839	1827		SB 518—LS 7334/DI 125 43
1840		-	1 ~~MAY 10, 2025 (RETROACTIVE)]: Sec. 8.5. (a) A resolution~~ to ~~extend~~
1841		-	2 a ~~referendum levy must be:~~
1842		-	3 ~~(1) adopted~~ by the ~~governing body of a~~ school ~~corporation; and~~
1843		-	4 ~~(2) approved in a referendum~~ under ~~this chapter;~~
1844		-	5 ~~before December 31 of the final calendar year in which the school~~
1845		-	6 ~~corporation's previously approved referendum levy is imposed under~~
1846		-	7 this ~~chapter.~~
1847		-	8 ~~(b) For~~ a ~~resolution adopted under this section:~~
1848		-	9 ~~(1) after May 10,~~ ~~2023, and before May 11, 2025, for~~ a ~~county~~
1849		-	10 ~~described in section 21(a) of this chapter;~~ ~~and~~
1850		-	11 ~~(2) after May 10,~~ ~~2025, for all counties, as described in section~~
1851		-	12 ~~21(b) of this chapter;~~
1852		-	13 ~~the resolution must include the projected charter school distributions~~
1853		-	14 ~~described in~~ section ~~8(f) 8(e) of this chapter and indicate the~~
1854		-	15 ~~distributions to applicable charter schools in accordance with section~~
1855		-	16 ~~21 of~~ this chapter.
1856		-	17 SECTION ~~23. IC 20-46-1-21~~, ~~AS ADDED BY P.L.189-2023,~~
1857		-	18 ~~SECTION 34~~, ~~IS AMENDED TO READ AS FOLLOWS [EFFECTIVE~~
1858		-	19 ~~MAY 10, 2025~~ (~~RETROACTIVE)]: Sec. 21. (a~~) ~~This section applies~~
1859		-	20 ~~to revenue received from a resolution that is approved by the governing~~
1860		-	21 ~~body to impose a referendum levy under section 8 or 8.5 of this chapter~~
1861		-	22 ~~after May 10~~, ~~2023, and before May 11, 2025, for~~ a ~~school corporation~~
1862		-	23 ~~located in:~~
1863		-	24 (1) ~~Lake County;~~
1864		-	25 ~~(2) Marion County;~~
1865		-	26 ~~(3) St~~. ~~Joseph County; or~~
1866		-	27 (4) ~~Vanderburgh County.~~
1867		-	28 ~~(b)~~ This section ~~applies to revenue received from a resolution~~
1868		-	29 ~~that is approved by the governing body after May 10, 2025, to~~
1869		-	30 ~~impose a referendum levy under section 8 or 8~~.~~5 of this chapter for~~
1870		-	31 ~~a school corporation.~~ ~~However~~, ~~this section does not apply to a~~
1871		-	32 ~~school corporation for which less than one hundred~~ (~~100~~) ~~students~~
1872		-	33 ~~who have legal settlement in~~ the ~~school corporation attend a~~
1873		-	34 ~~charter school,~~ ~~excluding~~ a ~~virtual charter school.~~
1874		-	35 ~~(b) (c) The county auditor in which the~~ school corporation ~~is located~~
1875		-	36 ~~shall distribute an amount under subsection~~ (d) ~~(e) to each charter~~
1876		-	37 ~~school~~, ~~excluding virtual charter schools or adult high schools, that a~~
1877		-	38 ~~student who resides within~~ the ~~attendance area of the school~~
1878		-	39 ~~corporation attends if unless~~ the ~~charter school elects to not participate~~
1879		-	40 in the ~~referendum under section 8(i) 8(h) of this chapter. The~~
1880		-	41 ~~department shall provide~~ the ~~county auditor with data and information~~
1881		-	42 ~~necessary for the county auditor to determine:~~
	1828	+	1 respect to each school corporation located in the county auditor's
	1829	+	2 county, immediately after calculation under subsection (a), and in
	1830	+	3 the form prescribed by the county auditor, each charter school
	1831	+	4 determined under STEP ONE of subsection (a) and the charter
	1832	+	5 school's corresponding debt levy share quotient calculated under
	1833	+	6 STEP FOUR of subsection (a).
	1834	+	7 (c) For the purposes of the calculations made in this section,
	1835	+	8 each eligible school that has entered into an agreement with a
	1836	+	9 school corporation to participate as a participating innovation
	1837	+	10 network charter school under IC 20-25.7-5 is considered to have an
	1838	+	11 ADM that is separate from the school corporation.
	1839	+	12 SECTION 23. IC 20-46-7-17 IS ADDED TO THE INDIANA
	1840	+	13 CODE AS A NEW SECTION TO READ AS FOLLOWS
	1841	+	14 [EFFECTIVE JULY 1, 2025]: Sec. 17. (a) This section applies to
	1842	+	15 revenue collected after December 31, 2025, from a tax levy imposed
	1843	+	16 by a school corporation under this chapter.
	1844	+	17 (b) This section does not apply to, and distributions are not
	1845	+	18 required for, a school corporation:
	1846	+	19 (1) that is designated as a distressed political subdivision
	1847	+	20 under IC 6-1.1-20.3;
	1848	+	21 (2) that was, at any time during the three (3) immediately
	1849	+	22 preceding calendar years, designated as a distressed political
	1850	+	23 subdivision under IC 6-1.1-20.3; or
	1851	+	24 (3) for which less than one hundred (100) students who have
	1852	+	25 legal settlement in the school corporation attend a charter
	1853	+	26 school.
	1854	+	27 (c) The following schools are not eligible to receive a
	1855	+	28 distribution under this section:
	1856	+	29 (1) A virtual charter school.
	1857	+	30 (2) An adult high school.
	1858	+	31 (d) Beginning in calendar year 2026, and each year thereafter,
	1859	+	32 and subject to subsection (g), when the county auditor distributes
	1860	+	33 property taxes to taxing units, the county auditor shall distribute
	1861	+	34 an amount of the revenue collected from a tax levy imposed by a
	1862	+	35 school corporation under this chapter to each charter school as
	1863	+	36 identified for the school corporation in STEP ONE of section 16(a)
	1864	+	37 of this chapter. Subject to subsection (e), the county auditor shall
	1865	+	38 distribute to each eligible charter school the amount determined in
	1866	+	39 the last STEP of the following STEPS:
	1867	+	40 STEP ONE: Determine the amount collected in the most
	1868	+	41 recent installment period by the school corporation from the
	1869	+	42 school corporation's debt service levy imposed under this
1882	1870		SB 518—LS 7334/DI 125 44
1883		-	1 ~~(1) which charter schools are eligible to receive a distribution~~
1884		-	2 ~~under this section; and~~
1885		-	3 (2) the ~~number of students who:~~
1886		-	4 (A) ~~reside within~~ the ~~attendance area of the school corporation~~
1887		-	5 ~~who are included in the ADM for each charter school,~~
1888		-	6 ~~excluding virtual charter schools or adult high schools,~~
1889		-	7 ~~described in subdivision (1); and~~
1890		-	8 ~~(B) receive not more than fifty percent (50%) virtual~~
1891		-	9 ~~instruction.~~
1892		-	10 (c) ~~(d) The following schools are not eligible to receive a~~
1893		-	11 ~~distribution under this section:~~
1894		-	12 (1) ~~A virtual~~ charter ~~school.~~
1895		-	13 (2) ~~An adult high school~~.
1896		-	14 ~~(d)~~ (e) This subsection applies only ~~for~~ distributions ~~of revenue~~
1897		-	15 ~~received from a resolution that is approved by the governing body~~
1898		-	16 ~~after May 10,~~ ~~2023, and before May 11,~~ ~~2025, to impose a~~
1899		-	17 ~~referendum levy under section 8 or 8.5 of this chapter~~ for a school
1900		-	18 ~~corporation described in subsection (a). For~~ the ~~purposes of~~ the
1901		-	19 ~~calculations made in this subsection, each eligible~~ school ~~that has~~
1902		-	20 ~~entered into an agreement with a school corporation~~ to ~~participate as a~~
1903		-	21 ~~participating innovation network charter school under IC 20-25.7-5 is~~
1904		-	22 ~~considered to have~~ an ~~ADM that is separate from the~~ school
1905		-	23 ~~corporation. The amount that the county auditor shall distribute~~ to a
1906		-	24 ~~charter school,~~ ~~excluding virtual charter schools or adult high schools,~~
1907		-	25 ~~under this section is the amount determined in the last STEP of the~~
1908		-	26 ~~following STEPS:~~
1909		-	27 ~~STEP ONE: Determine,~~ for ~~each charter school~~, ~~excluding virtual~~
1910		-	28 charter ~~schools or adult high schools, that is eligible to receive a~~
1911		-	29 ~~distribution under this section, the number of students who reside~~
1912		-	30 ~~within~~ the ~~attendance area~~ of the ~~school corporation who are~~
1913		-	31 ~~currently included in the ADM of the~~ charter school.
1914		-	32 ~~STEP TWO:~~ ~~Determine the sum of:~~
1915		-	33 ~~(A) the current ADM count for the school corporation; plus~~
1916		-	34 (B) ~~total number~~ of ~~all students who reside within the~~
1917		-	35 ~~attendance area of~~ the school corporation ~~who are currently~~
1918		-	36 ~~included in the ADM of a~~ charter school~~, excluding virtual~~
1919		-	37 charter ~~schools or adult high schools.~~
1920		-	38 ~~STEP THREE:~~ ~~Determine the result of:~~
1921		-	39 (A) the ~~STEP ONE amount; divided by~~
1922		-	40 ~~(B) the STEP TWO amount.~~
1923		-	41 ~~STEP FOUR:~~ ~~Determine the result~~ of:
1924		-	42 (A) the ~~STEP THREE amount;~~ ~~multiplied by~~
	1871	+	1 chapter.
	1872	+	2 STEP TWO: Determine:
	1873	+	3 (A) the STEP ONE result; minus
	1874	+	4 (B) the amount needed to make payments due for bonds,
	1875	+	5 leases, and other forms of indebtedness that were incurred
	1876	+	6 before May 10, 2025, and are payable from property taxes
	1877	+	7 collected from a levy imposed under this chapter.
	1878	+	8 STEP THREE: To determine the distribution for each eligible
	1879	+	9 charter school identified for the school corporation in STEP
	1880	+	10 ONE of section 16(a) of this chapter, multiply:
	1881	+	11 (A) the STEP TWO result; by
	1882	+	12 (B) the levy share quotient determined for the charter
	1883	+	13 school under STEP FOUR of section 16(a) of this chapter.
	1884	+	14 (e) This subsection applies only to distributions under
	1885	+	15 subsection (d) in calendar years 2026 and 2027 to an eligible
	1886	+	16 charter school. Instead of the amount determined under subsection
	1887	+	17 (d) for a distribution to a particular eligible charter school from
	1888	+	18 the revenue collected from the tax levy imposed under this chapter
	1889	+	19 by a particular school corporation, the county auditor shall make
	1890	+	20 distributions according to the following:
	1891	+	21 (1) For a distribution in 2026, the county auditor shall
	1892	+	22 distribute an amount for a particular eligible charter school
	1893	+	23 equal to:
	1894	+	24 (A) the result of STEP THREE of subsection (d) for the
	1895	+	25 eligible charter school; multiplied by
	1896	+	26 (B) thirty-three hundredths (0.33).
	1897	+	27 (2) For a distribution in 2027, the county auditor shall
	1898	+	28 distribute an amount for a particular eligible charter school
	1899	+	29 equal to:
	1900	+	30 (A) the result of STEP THREE of subsection (d) for the
	1901	+	31 eligible charter school; multiplied by
	1902	+	32 (B) sixty-six hundredths (0.66).
	1903	+	33 This subsection expires July 1, 2028.
	1904	+	34 (f) Before October 1, 2025, and before October 1 of each year
	1905	+	35 thereafter, the department shall provide to each school corporation
	1906	+	36 and each eligible charter school an estimate of the amount of
	1907	+	37 property tax levy revenue the school corporation and charter
	1908	+	38 school are expected to receive under this section.
	1909	+	39 (g) In order to receive a distribution under this section, the
	1910	+	40 governing body of an eligible charter school shall, before
	1911	+	41 November 1, 2025, and before November 1 of each year thereafter,
	1912	+	42 adopt a budget for the school year. Not later than ten (10) days
1925	1913		SB 518—LS 7334/DI 125 45
1926		-	1 ~~(B)~~ the ~~amount collected by~~ the ~~county auditor during the most~~
1927		-	2 ~~recent installment period.~~
1928		-	3 ~~(f)~~ This ~~subsection applies only for distributions of revenue~~
1929		-	4 ~~received from a resolution that is approved by~~ the ~~governing body~~
1930		-	5 ~~after May 10, 2025,~~ to ~~impose a referendum levy under section 8 or~~
1931		-	6 ~~8.5 of this chapter for a school corporation. For purposes of~~ the
1932		-	7 ~~calculations made in this subsection~~, each ~~eligible school that has~~
1933		-	8 ~~entered into an agreement with a~~ school ~~corporation to participate~~
1934		-	9 ~~as a participating innovation network~~ charter school ~~under~~
1935		-	10 ~~IC 20-25.7-5 is considered to have an ADM that is separate from~~
1936		-	11 ~~the~~ school ~~corporation~~. ~~The amount that the county auditor shall~~
1937		-	12 ~~distribute to a charter school~~, ~~excluding virtual charter schools or~~
1938		-	13 ~~adult high schools, under this~~ section is ~~the amount determined in~~
1939		-	14 ~~STEP FOUR of the following:~~
1940		-	15 ~~STEP ONE:~~ ~~Determine~~, ~~for each charter school~~, ~~excluding~~
1941		-	16 ~~virtual charter schools or adult high schools,~~ ~~that is eligible to~~
1942		-	17 ~~receive a distribution under this section, the number of~~
1943		-	18 ~~students who:~~
1944		-	19 (A) ~~reside within the attendance area of the school~~
1945		-	20 ~~corporation who are currently included in the ADM of the~~
1946		-	21 ~~charter school;~~ and
1947		-	22 ~~(B) receive not more than fifty percent (50%) virtual~~
1948		-	23 ~~instruction~~.
1949		-	24 ~~STEP TWO:~~ ~~Determine the sum of:~~
1950		-	25 (A) the ~~current ADM count for the school corporation~~,
1951		-	26 ~~excluding students who:~~
1952		-	27 ~~(i) receive more than fifty percent (50%) virtual~~
1953		-	28 ~~instruction;~~ and
1954		-	29 (ii) ~~attend the school corporation but do not have legal~~
1955		-	30 ~~settlement in~~ the ~~school corporation;~~ ~~plus~~
1956		-	31 ~~(B) the total number of all students who reside within the~~
1957		-	32 ~~attendance area of the~~ school ~~corporation who are~~
1958		-	33 ~~currently included in the ADM of:~~
1959		-	34 (i) ~~a charter school,~~ ~~excluding virtual charter schools or~~
1960		-	35 ~~adult high schools;~~ ~~and~~
1961		-	36 (ii) ~~receive not more than fifty percent (50%) virtual~~
1962		-	37 ~~instruction.~~
1963		-	38 ~~STEP THREE:~~ ~~For each charter school, determine~~ the ~~result~~
1964		-	39 ~~of:~~
1965		-	40 ~~(A)~~ the ~~STEP ONE amount; divided by~~
1966		-	41 ~~(B) the~~ STEP ~~TWO amount.~~
1967		-	42 ~~STEP FOUR:~~ ~~To determine~~ the ~~distribution amount for a~~
	1914	+	1 before its adoption, the budget must be fixed and presented to the
	1915	+	2 charter board in a public meeting in the county in which the
	1916	+	3 charter school is incorporated. A budget that is adopted under this
	1917	+	4 subsection must be submitted to the charter authorizer for review
	1918	+	5 and to the department of local government finance to be posted
	1919	+	6 publicly on the computer gateway under IC 6-1.1-17-3.
	1920	+	7 (h) Before April 1, 2026, and before April 1 of each year
	1921	+	8 thereafter, the county auditor shall provide each school
	1922	+	9 corporation and each eligible charter school the actual amount of
	1923	+	10 property tax levy revenue the school corporation and charter
	1924	+	11 school are expected to receive under this section.
	1925	+	12 SECTION 24. IC 20-46-8-11.2, AS AMENDED BY P.L.36-2024,
	1926	+	13 SECTION 11, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	1927	+	14 JULY 1, 2025]: Sec. 11.2. (a) This section applies only to revenue
	1928	+	15 collected after June 30, 2024, and before January 1, 2026, from a tax
	1929	+	16 levy imposed under this chapter by a school corporation located in:
	1930	+	17 (1) Lake County;
	1931	+	18 (2) Marion County;
	1932	+	19 (3) St. Joseph County; or
	1933	+	20 (4) Vanderburgh County.
	1934	+	21 However, this section does not apply to, and distributions are not
	1935	+	22 required for, a school corporation that is designated as a distressed
	1936	+	23 political subdivision under IC 6-1.1-20.3.
	1937	+	24 (b) Beginning In calendar year 2025, and each year thereafter, and
	1938	+	25 subject to subsections (c) and (h), the county auditor shall distribute,
	1939	+	26 as provided under subsection (f), an amount of revenue received from
	1940	+	27 a tax levy imposed by a school corporation under this chapter to each
	1941	+	28 charter school that is eligible for a distribution under subsection (d) and
	1942	+	29 as set forth in subsection (f).
	1943	+	30 (c) The following schools are not eligible to receive a distribution
	1944	+	31 under this section:
	1945	+	32 (1) A virtual charter school.
	1946	+	33 (2) An adult high school.
	1947	+	34 (d) Not later than thirty (30) days before the date that the county
	1948	+	35 auditor distributes money for a school corporation's operations fund
	1949	+	36 (IC 20-40-18) under IC 6-1.1-27, the department, in consultation with
	1950	+	37 the department of local government finance, shall determine the
	1951	+	38 corresponding percentages of revenue received from the tax levy that
	1952	+	39 must be distributed among the school corporation and each eligible
	1953	+	40 charter school according to the following formula:
	1954	+	41 STEP ONE: Determine each charter school that:
	1955	+	42 (A) is located in the same county as the school corporation;
1968	1956		SB 518—LS 7334/DI 125 46
1969		-	1 ~~charter school, determine the result of:~~
1970		-	2 (A) ~~the STEP THREE amount;~~ ~~multiplied by~~
1971		-	3 ~~(B) the amount collected by the county auditor during the~~
1972		-	4 ~~most recent installment period.~~
1973		-	5 ~~SECTION 24. IC 20-46-7-4~~, ~~AS AMENDED BY P.L.169-2017,~~
1974		-	6 ~~SECTION 9,~~ ~~IS AMENDED TO READ AS FOLLOWS [EFFECTIVE~~
1975		-	7 ~~JULY 1,~~ ~~2025]: Sec.~~ ~~4. (a)~~ The ~~governing body of each school~~
1976		-	8 ~~corporation shall establish a levy in every calendar year sufficient to~~
1977		-	9 ~~pay all obligations.~~
1978		-	10 ~~(b) This subsection applies to a school corporation that consolidates~~
1979		-	11 ~~under IC 20-23-6-12.5.~~ The ~~governing body shall establish a levy for~~
1980		-	12 ~~each subunit~~ (~~as defined in IC 20-23-6-0.5~~) ~~in each calendar year~~
1981		-	13 ~~sufficient to pay the debts and obligations that the particular subunit~~
1982		-	14 ~~incurred before consolidating with one~~ (1) ~~or more~~ school ~~corporations~~
1983		-	15 ~~under IC 20-23-6-12~~.5.
1984		-	16 ~~(c) Beginning~~ in ~~calendar year 2026~~, ~~and each year thereafter,~~
1985		-	17 ~~a school corporation shall share a portion of~~ the ~~revenue collected~~
1986		-	18 ~~from~~ a ~~levy imposed under this chapter in~~ the ~~manner provided in~~
1987		-	19 ~~section 17 of this chapter.~~
1988		-	20 ~~SECTION 25~~. ~~IC 20-46-7-16 IS ADDED TO THE INDIANA~~
1989		-	21 ~~CODE AS A NEW SECTION TO READ AS FOLLOWS~~
1990		-	22 ~~[EFFECTIVE JULY 1,~~ ~~2025]: Sec.~~ ~~16. (a) Not later than November~~
1991		-	23 ~~15, 2025, the department shall determine the applicable debt~~
1992		-	24 ~~service levy share quotient~~ to ~~be used in calculating~~ the ~~amounts~~
1993		-	25 ~~that a school corporation must share each calendar year from~~ the
1994		-	26 ~~total property tax revenue collected from the school corporation's~~
1995		-	27 ~~debt service property tax levy imposed~~ under ~~this chapter in the~~
1996		-	28 ~~calendar year according to~~ the ~~following formula:~~
1997		-	29 STEP ~~ONE: Identify,~~ ~~for each school corporation, the charter~~
1998		-	30 ~~schools, excluding virtual charter schools or adult high~~
1999		-	31 ~~schools, in which students who have legal settlement in~~ the
2000		-	32 school corporation ~~attend~~ and ~~receive not more than fifty~~
2001		-	33 ~~percent (50%) virtual instruction.~~
2002		-	34 ~~STEP TWO~~: ~~Determine, for each charter school identified in~~
2003		-	35 STEP ONE, ~~the number of students who:~~
2004		-	36 ~~(A) have legal settlement in the school corporation who are~~
2005		-	37 ~~currently included in~~ the ~~fall ADM count~~ of the ~~charter~~
2006		-	38 ~~school; and~~
2007		-	39 ~~(B) receive not more than fifty percent (50%) virtual~~
2008		-	40 ~~instruction~~.
2009		-	41 STEP ~~THREE~~: Determine ~~the sum of:~~
2010		-	42 ~~(A) the fall ADM count for the school corporation,~~
	1957	+	1 and
	1958	+	2 (B) provides not more than fifty percent (50%) virtual
	1959	+	3 instruction for its students.
	1960	+	4 STEP TWO: Determine, for each charter school described in
	1961	+	5 STEP ONE, the number of students who:
	1962	+	6 (A) have legal settlement within the school corporation;
	1963	+	7 (B) are currently included in the fall ADM for the charter
	1964	+	8 school; and
	1965	+	9 (C) receive not more than fifty percent (50%) virtual
	1966	+	10 instruction.
	1967	+	11 STEP THREE: Determine the sum of:
	1968	+	12 (A) the aggregate of the STEP TWO results for all applicable
	1969	+	13 charter schools; plus
	1970	+	14 (B) the fall ADM count for the school corporation for students
	1971	+	15 receiving not more than fifty percent (50%) virtual instruction.
	1972	+	16 STEP FOUR: For each charter school described in STEP ONE,
	1973	+	17 determine the result of:
	1974	+	18 (A) the applicable STEP TWO amount; divided by
	1975	+	19 (B) the STEP THREE amount;
	1976	+	20 expressed as a percentage.
	1977	+	21 STEP FIVE: Determine the sum of all the amounts computed
	1978	+	22 under STEP FOUR and subtract the result from one hundred
	1979	+	23 percent (100%).
	1980	+	24 (e) The department shall provide to the county auditor, immediately
	1981	+	25 after calculation under subsection (d), and in the form prescribed by the
	1982	+	26 county auditor:
	1983	+	27 (1) each charter school determined under STEP ONE of
	1984	+	28 subsection (d) and the charter school's corresponding percentage
	1985	+	29 calculated under STEP FOUR of subsection (d); and
	1986	+	30 (2) the percentage calculated under STEP FIVE of subsection (d)
	1987	+	31 for the school corporation.
	1988	+	32 (f) The county auditor shall distribute to the school corporation and
	1989	+	33 each applicable charter school the amount determined in the last STEP
	1990	+	34 of the following STEPS:
	1991	+	35 STEP ONE: For each school corporation, determine a base
	1992	+	36 property tax levy amount calculated as:
	1993	+	37 (A) the sum of the school corporation's operations fund
	1994	+	38 property tax levies collected under this chapter in calendar
	1995	+	39 years 2021, 2022, and 2023; divided by
	1996	+	40 (B) three (3).
	1997	+	41 STEP TWO: For each school corporation, determine an
	1998	+	42 incremental property tax levy amount calculated as:
2011	1999		SB 518—LS 7334/DI 125 47
2012		-	1 ~~excluding students who:~~
2013		-	2 ~~(i) receive more than fifty percent (50%) virtual~~
2014		-	3 ~~instruction; and~~
2015		-	4 ~~(ii) attend the school corporation but do not have legal~~
2016		-	5 ~~settlement in~~ the school corporation~~; plus~~
2017		-	6 ~~(B)~~ the ~~total number~~ of ~~students who~~:
2018		-	7 (i) ~~reside within~~ the ~~attendance area of the school~~
2019		-	8 ~~corporation who are currently included in the fall ADM~~
2020		-	9 ~~count of a charter school, excluding virtual charter~~
2021		-	10 ~~schools or adult high schools;~~ ~~and~~
2022		-	11 ~~(ii) who receive not more than fifty percent~~ (~~50%~~)
2023		-	12 ~~virtual instruction.~~
2024		-	13 STEP ~~FOUR: To determine the debt service levy share~~
2025		-	14 ~~quotient for each charter school identified in STEP ONE,~~
2026		-	15 ~~determine the result~~ of:
2027		-	16 ~~(A)~~ the ~~STEP TWO result;~~ ~~divided by~~
2028		-	17 ~~(B)~~ the ~~STEP THREE result.~~
2029		-	18 ~~(b)~~ The ~~department shall provide~~ to ~~the county auditor with~~
2030		-	19 ~~respect to each school corporation located in the county auditor's~~
2031		-	20 ~~county, immediately after calculation~~ under ~~subsection (a)~~, ~~and in~~
2032		-	21 ~~the form prescribed by the county auditor, each~~ charter school
2033		-	22 ~~determined under STEP ONE~~ of ~~subsection (~~a~~) and the charter~~
2034		-	23 school~~'s corresponding debt levy share quotient calculated under~~
2035		-	24 ~~STEP FOUR of subsection (~~a).
2036		-	25 ~~(c) For~~ the ~~purposes of~~ the ~~calculations made in this section,~~
2037		-	26 ~~each eligible school~~ that ~~has entered into an agreement with a~~
2038		-	27 ~~school corporation~~ to ~~participate as a participating innovation~~
2039		-	28 ~~network charter school under IC 20-25.7-5 is considered~~ to ~~have an~~
2040		-	29 ~~ADM that is separate from the school corporation~~.
2041		-	30 ~~SECTION 26.~~ ~~IC 20-46-7-17 IS ADDED TO THE INDIANA~~
2042		-	31 ~~CODE AS A NEW SECTION TO READ AS FOLLOWS~~
2043		-	32 ~~[EFFECTIVE JULY 1,~~ ~~2025]: Sec.~~ ~~17. (a) This section applies to~~
2044		-	33 ~~revenue collected after December 31,~~ ~~2025, from a tax levy imposed~~
2045		-	34 ~~by a school corporation under~~ this ~~chapter~~.
2046		-	35 ~~(b) This~~ section ~~does not apply~~ to~~, and distributions are not~~
2047		-	36 ~~required for,~~ a ~~school corporation:~~
2048		-	37 (1) ~~that is designated as a distressed political subdivision~~
2049		-	38 ~~under IC 6-1.1-20.3;~~
2050		-	39 ~~(2)~~ that ~~was, at any time during the three (3) immediately~~
2051		-	40 ~~preceding~~ calendar ~~years, designated as a distressed political~~
2052		-	41 ~~subdivision under IC 6-1.1-20.3; or~~
2053		-	42 ~~(3) for which less than one hundred (100) students who have~~
	2000	+	1 (A) the school corporation's operations fund property tax levy
	2001	+	2 collections for the current calendar year; minus
	2002	+	3 (B) the school corporation's base property tax levy collections
	2003	+	4 determined under STEP ONE.
	2004	+	5 STEP THREE: For the school corporation and each applicable
	2005	+	6 charter school, determine the result of:
	2006	+	7 (A) the incremental amount determined under STEP TWO;
	2007	+	8 multiplied by
	2008	+	9 (B) the following percentage:
	2009	+	10 (i) In the case of an applicable charter school, the charter
	2010	+	11 school's percentage under STEP FOUR of subsection (d).
	2011	+	12 (ii) In the case of the school corporation, the school
	2012	+	13 corporation's percentage under STEP FIVE of subsection
	2013	+	14 (d).
	2014	+	15 (g) Before October 1, 2024, and before October 1 of each year
	2015	+	16 thereafter, the department shall provide to each school corporation and
	2016	+	17 each eligible charter school an estimate of the amount of property tax
	2017	+	18 levy revenue the school corporation and charter school are expected to
	2018	+	19 receive under this section.
	2019	+	20 (h) In order to receive a distribution under this section, the
	2020	+	21 governing body of an eligible charter school shall, before November 1,
	2021	+	22 2024, and before November 1 of each year thereafter, adopt a budget
	2022	+	23 for the school year. Not later than ten (10) days before its adoption, the
	2023	+	24 budget must be fixed and presented to the charter board in a public
	2024	+	25 meeting in the county in which the charter school is incorporated. A
	2025	+	26 budget that is adopted under this subsection must be submitted to the
	2026	+	27 charter authorizer for review and to the department of local government
	2027	+	28 finance to be posted publicly on the computer gateway under
	2028	+	29 IC 6-1.1-17-3.
	2029	+	30 (i) Before April 1, 2025, and before April 1 of each year thereafter,
	2030	+	31 the county auditor shall provide each school corporation and each
	2031	+	32 eligible charter school the actual amount of property tax levy revenue
	2032	+	33 the school corporation and charter school are expected to receive under
	2033	+	34 this section.
	2034	+	35 SECTION 25. IC 20-46-8-12 IS ADDED TO THE INDIANA
	2035	+	36 CODE AS A NEW SECTION TO READ AS FOLLOWS
	2036	+	37 [EFFECTIVE JULY 1, 2025]: Sec. 12. (a) Not later than November
	2037	+	38 15, 2025, the department shall determine the applicable operations
	2038	+	39 levy share quotient to be used in calculating the amounts that a
	2039	+	40 school corporation must share each calendar year from the total
	2040	+	41 property tax revenue collected from the school corporation's
	2041	+	42 operations fund property tax levy imposed under this chapter in
2054	2042		SB 518—LS 7334/DI 125 48
2055		-	1 ~~legal settlement in~~ the ~~school corporation attend a charter~~
2056		-	2 ~~school~~, ~~excluding a virtual~~ charter ~~school.~~
2057		-	3 ~~(c) The following~~ schools ~~are not eligible to receive a~~
2058		-	4 ~~distribution under this section:~~
2059		-	5 ~~(1) A virtual charter school.~~
2060		-	6 (2) ~~An adult high school~~.
2061		-	7 ~~(d) Beginning in calendar year 2026~~, ~~and~~ each ~~year thereafter,~~
2062		-	8 ~~and subject to subsection (g)~~, ~~when~~ the ~~county auditor distributes~~
2063		-	9 ~~property taxes to taxing units,~~ the ~~county auditor shall distribute~~
2064		-	10 ~~an amount~~ of the ~~revenue collected from a tax levy imposed by a~~
2065		-	11 school ~~corporation under this chapter to each charter school as~~
2066		-	12 ~~identified for the school corporation in STEP ONE of section 16(a)~~
2067		-	13 ~~of this chapter~~. ~~Subject to subsection (e), the county auditor shall~~
2068		-	14 ~~distribute to each eligible charter school~~ the ~~amount determined in~~
2069		-	15 the ~~last STEP of~~ the ~~following STEPS:~~
2070		-	16 ~~STEP ONE~~: ~~Determine the amount collected in the most~~
2071		-	17 ~~recent installment period by the school corporation from the~~
2072		-	18 ~~school corporation's debt service levy imposed under this~~
2073		-	19 ~~chapter.~~
2074		-	20 ~~STEP TWO:~~ ~~Determine:~~
2075		-	21 (A) the ~~STEP ONE result;~~ ~~minus~~
2076		-	22 ~~(B)~~ the ~~amount needed to make payments due for bonds,~~
2077		-	23 ~~leases, and other forms~~ of ~~indebtedness that were incurred~~
2078		-	24 ~~before May 10~~, ~~2025, and are payable from property taxes~~
2079		-	25 ~~collected from a levy imposed under this chapter.~~
2080		-	26 ~~STEP THREE:~~ ~~To determine the distribution for each eligible~~
2081		-	27 ~~charter school identified for the school corporation in STEP~~
2082		-	28 ~~ONE of section 16(a) of this chapter,~~ ~~multiply:~~
2083		-	29 ~~(A) the~~ STEP ~~TWO result; by~~
2084		-	30 ~~(B)~~ the ~~levy share quotient determined for the charter~~
2085		-	31 ~~school under STEP FOUR of section 16~~(a) ~~of this chapter.~~
2086		-	32 (e) ~~This subsection applies only to distributions under~~
2087		-	33 ~~subsection~~ (d) ~~in calendar years 2026 and 2027~~ to ~~an eligible~~
2088		-	34 ~~charter~~ school~~. Instead of~~ the ~~amount determined under subsection~~
2089		-	35 (d) ~~for a distribution to a particular eligible charter school from~~
2090		-	36 the ~~revenue collected from~~ the ~~tax levy imposed under this chapter~~
2091		-	37 by a ~~particular school corporation,~~ the ~~county auditor shall make~~
2092		-	38 ~~distributions according to the following:~~
2093		-	39 (1) ~~For a distribution in 2026, the county auditor shall~~
2094		-	40 ~~distribute an amount~~ for ~~a particular eligible charter school~~
2095		-	41 ~~equal to:~~
2096		-	42 (A~~) the result of STEP THREE of subsection (d) for the~~
	2043	+	1 the calendar year according to the following formula:
	2044	+	2 STEP ONE: Identify, for each school corporation, the charter
	2045	+	3 schools, excluding virtual charter schools or adult high
	2046	+	4 schools in which students who have legal settlement in the
	2047	+	5 school corporation attend and receive not more than fifty
	2048	+	6 percent (50%) virtual instruction.
	2049	+	7 STEP TWO: Determine, for each charter school identified in
	2050	+	8 STEP ONE, the number of students who:
	2051	+	9 (A) have legal settlement in the school corporation who are
	2052	+	10 currently included in the fall ADM count of the charter
	2053	+	11 school; and
	2054	+	12 (B) receive not more than fifty percent (50%) virtual
	2055	+	13 instruction.
	2056	+	14 STEP THREE: Determine the sum of:
	2057	+	15 (A) the fall ADM count for the school corporation,
	2058	+	16 excluding students who:
	2059	+	17 (i) receive more than fifty percent (50%) virtual
	2060	+	18 instruction; or
	2061	+	19 (ii) attend the school corporation but do not have legal
	2062	+	20 settlement in the school corporation; plus
	2063	+	21 (B) the total number of students who reside within the
	2064	+	22 attendance area of the school corporation who are
	2065	+	23 currently included in the fall ADM count of:
	2066	+	24 (i) a charter school, excluding virtual charter schools or
	2067	+	25 adult high schools; and
	2068	+	26 (ii) receive not more than fifty percent (50%) virtual
	2069	+	27 instruction.
	2070	+	28 STEP FOUR: To determine the operations levy share quotient
	2071	+	29 for each charter school identified in STEP ONE, determine
	2072	+	30 the result of:
	2073	+	31 (A) the STEP TWO result; divided by
	2074	+	32 (B) the STEP THREE result.
	2075	+	33 (b) The department shall provide to the county auditor with
	2076	+	34 respect to each school corporation located in the county auditor's
	2077	+	35 county, immediately after calculation under subsection (a), and in
	2078	+	36 the form prescribed by the county auditor each charter school
	2079	+	37 determined under STEP ONE of subsection (a) and the charter
	2080	+	38 school's corresponding operations levy share quotient calculated
	2081	+	39 under STEP FOUR of subsection (a).
	2082	+	40 (c) For the purposes of the calculations made in this section,
	2083	+	41 each eligible school that has entered into an agreement with a
	2084	+	42 school corporation to participate as a participating innovation
2097	2085		SB 518—LS 7334/DI 125 49
2098		-	1 ~~eligible~~ charter school~~; multiplied by~~
2099		-	2 ~~(B) thirty-three~~ ~~hundredths (0~~.~~33).~~
2100		-	3 ~~(2) For a distribution in 2027,~~ the ~~county auditor shall~~
2101		-	4 ~~distribute an amount for~~ a ~~particular eligible charter school~~
2102		-	5 ~~equal~~ to:
2103		-	6 (A~~) the result of STEP THREE of subsection (d) for the~~
2104		-	7 ~~eligible charter~~ school~~; multiplied by~~
2105		-	8 (B) ~~sixty-six hundredths (0.66).~~
2106		-	9 ~~This subsection expires July 1~~, ~~2028.~~
2107		-	10 (f) ~~Before October 1,~~ ~~2025, and before October 1 of each year~~
2108		-	11 ~~thereafter, the department shall provide to each school corporation~~
2109		-	12 ~~and each eligible charter school an estimate of~~ the ~~amount of~~
2110		-	13 ~~property tax levy revenue the school corporation and charter~~
2111		-	14 ~~school are expected to receive~~ under ~~this section~~.
2112		-	15 (g) ~~In order to receive a distribution under this section,~~ ~~the~~
2113		-	16 ~~governing body of an eligible charter~~ school ~~shall, before~~
2114		-	17 ~~November 1, 2025, and before November 1 of each year thereafter,~~
2115		-	18 ~~adopt a budget for~~ the ~~school year.~~ Not ~~later than ten (10) days~~
2116		-	19 ~~before its adoption,~~ ~~the budget must be fixed and presented to the~~
2117		-	20 charter ~~board in a public meeting in the county in which the~~
2118		-	21 ~~charter~~ school ~~is incorporated~~. ~~A budget that is adopted under this~~
2119		-	22 ~~subsection must be submitted to the charter authorizer for review~~
2120		-	23 and to the ~~department of local government finance to be posted~~
2121		-	24 ~~publicly on~~ the ~~computer gateway under IC 6-1.1-17-3.~~
2122		-	25 ~~(h) Before April 1, 2026, and before April 1~~ of ~~each year~~
2123		-	26 ~~thereafter, the county auditor shall provide~~ each school
2124		-	27 corporation ~~and each eligible charter school the actual amount~~ of
2125		-	28 ~~property tax levy revenue~~ the ~~school corporation and charter~~
2126		-	29 school ~~are expected to receive under this section.~~
2127		-	30 ~~SECTION 27.~~ ~~IC 20-46-8-11.2, AS AMENDED BY P.L.36-2024,~~
2128		-	31 ~~SECTION 11,~~ ~~IS AMENDED TO READ AS FOLLOWS [EFFECTIVE~~
2129		-	32 ~~JULY 1,~~ ~~2025]: Sec.~~ ~~11.2. (a) This section applies only to revenue~~
2130		-	33 ~~collected after June 30,~~ ~~2024, and before January 1, 2028, from a tax~~
2131		-	34 ~~levy imposed under this~~ chapter ~~by a school corporation located in:~~
2132		-	35 ~~(1) Lake County;~~
2133		-	36 (2) ~~Marion County~~;
2134		-	37 (3) ~~St. Joseph County;~~ or
2135		-	38 ~~(4) Vanderburgh County.~~
2136		-	39 ~~However~~, ~~this section does not apply to~~, and ~~distributions~~ are ~~not~~
2137		-	40 ~~required for,~~ a ~~school corporation that is designated as a distressed~~
2138		-	41 ~~political subdivision under IC 6-1.1-20.3.~~
2139		-	42 ~~(b) Beginning~~ In ~~calendar year 2025, 2026, and 2027, and each year~~
	2086	+	1 network charter school under IC 20-25.7-5 is considered to have an
	2087	+	2 ADM that is separate from the school corporation.
	2088	+	3 SECTION 26. IC 20-46-8-13 IS ADDED TO THE INDIANA
	2089	+	4 CODE AS A NEW SECTION TO READ AS FOLLOWS
	2090	+	5 [EFFECTIVE JULY 1, 2025]: Sec. 13. (a) This section applies to
	2091	+	6 revenue collected after December 31, 2025, from a tax levy imposed
	2092	+	7 by a school corporation under this chapter.
	2093	+	8 (b) This section does not apply to, and distributions are not
	2094	+	9 required for, a school corporation:
	2095	+	10 (1) that is designated as a distressed political subdivision
	2096	+	11 under IC 6-1.1-20.3;
	2097	+	12 (2) that was, at any time during the three (3) immediately
	2098	+	13 preceding calendar years, designated as a distressed political
	2099	+	14 subdivision under IC 6-1.1-20.3; or
	2100	+	15 (3) for which less than one hundred (100) students who have
	2101	+	16 legal settlement in the school corporation attend a charter
	2102	+	17 school.
	2103	+	18 (c) The following schools are not eligible to receive a
	2104	+	19 distribution under this section:
	2105	+	20 (1) A virtual charter school.
	2106	+	21 (2) An adult high school.
	2107	+	22 (d) Beginning in calendar year 2026, and each year thereafter,
	2108	+	23 and subject to subsection (g), when the county auditor distributes
	2109	+	24 property taxes to taxing units, the county auditor shall distribute
	2110	+	25 an amount of the revenue collected from a tax levy imposed by a
	2111	+	26 school corporation under this chapter to each charter school as
	2112	+	27 identified for the school corporation in STEP ONE of section 12(a)
	2113	+	28 of this chapter. Subject to subsection (e), the county auditor shall
	2114	+	29 distribute to each eligible charter school the amount determined in
	2115	+	30 the applicable STEP of the following STEPS:
	2116	+	31 STEP ONE: Determine the amount collected in the most
	2117	+	32 recent installment period by the school corporation from the
	2118	+	33 school corporation's operations fund levy imposed under this
	2119	+	34 chapter.
	2120	+	35 STEP TWO: Determine:
	2121	+	36 (A) the STEP ONE result; minus
	2122	+	37 (B) the amount needed to make payments due for bonds,
	2123	+	38 leases, and other forms of indebtedness that were incurred
	2124	+	39 before May 10, 2025, and are payable from property taxes
	2125	+	40 collected from a levy imposed under this chapter.
	2126	+	41 STEP THREE: To determine the distribution for each eligible
	2127	+	42 charter school identified for the school corporation in STEP
2140	2128		SB 518—LS 7334/DI 125 50
2141		-	1 thereafter, and subject to subsections (c) and (h), the county auditor
2142		-	2 shall distribute, as provided under subsection (f), an amount of revenue
2143		-	3 received from a tax levy imposed by a school corporation under this
2144		-	4 chapter to each charter school that is eligible for a distribution under
2145		-	5 subsection (d) and as set forth in subsection (f).
2146		-	6 (c) The following schools are not eligible to receive a distribution
2147		-	7 under this section:
2148		-	8 (1) A virtual charter school.
2149		-	9 (2) An adult high school.
2150		-	10 (d) Not later than thirty (30) days before the date that the county
2151		-	11 auditor distributes money for a school corporation's operations fund
2152		-	12 (IC 20-40-18) under IC 6-1.1-27, the department, in consultation with
2153		-	13 the department of local government finance, shall determine the
2154		-	14 corresponding percentages of revenue received from the tax levy that
2155		-	15 must be distributed among the school corporation and each eligible
2156		-	16 charter school according to the following formula:
2157		-	17 STEP ONE: Determine each charter school that:
2158		-	18 (A) is located in the same county as the school corporation;
2159		-	19 and
2160		-	20 (B) provides not more than fifty percent (50%) virtual
2161		-	21 instruction for its students.
2162		-	22 STEP TWO: Determine, for each charter school described in
2163		-	23 STEP ONE, the number of students who:
2164		-	24 (A) have legal settlement within the school corporation;
2165		-	25 (B) are currently included in the fall ADM for the charter
2166		-	26 school; and
2167		-	27 (C) receive not more than fifty percent (50%) virtual
2168		-	28 instruction.
2169		-	29 STEP THREE: Determine the sum of:
2170		-	30 (A) the aggregate of the STEP TWO results for all applicable
2171		-	31 charter schools; plus
2172		-	32 (B) the fall ADM count for the school corporation for students
2173		-	33 receiving not more than fifty percent (50%) virtual instruction.
2174		-	34 STEP FOUR: For each charter school described in STEP ONE,
2175		-	35 determine the result of:
2176		-	36 (A) the applicable STEP TWO amount; divided by
2177		-	37 (B) the STEP THREE amount;
2178		-	38 expressed as a percentage.
2179		-	39 STEP FIVE: Determine the sum of all the amounts computed
2180		-	40 under STEP FOUR and subtract the result from one hundred
2181		-	41 percent (100%).
2182		-	42 (e) The department shall provide to the county auditor, immediately
2183		-	SB 518—LS 7334/DI 125 51
2184		-	1 after calculation under subsection (d), and in the form prescribed by the
2185		-	2 county auditor:
2186		-	3 (1) each charter school determined under STEP ONE of
2187		-	4 subsection (d) and the charter school's corresponding percentage
2188		-	5 calculated under STEP FOUR of subsection (d); and
2189		-	6 (2) the percentage calculated under STEP FIVE of subsection (d)
2190		-	7 for the school corporation.
2191		-	8 (f) The county auditor shall distribute to the school corporation and
2192		-	9 each applicable charter school the amount determined in the last STEP
2193		-	10 of the following STEPS:
2194		-	11 STEP ONE: For each school corporation, determine a base
2195		-	12 property tax levy amount calculated as:
2196		-	13 (A) the sum of the school corporation's operations fund
2197		-	14 property tax levies collected under this chapter in calendar
2198		-	15 years 2021, 2022, and 2023; divided by
2199		-	16 (B) three (3).
2200		-	17 STEP TWO: For each school corporation, determine an
2201		-	18 incremental property tax levy amount calculated as:
2202		-	19 (A) the school corporation's operations fund property tax levy
2203		-	20 collections for the current calendar year; minus
2204		-	21 (B) the school corporation's base property tax levy collections
2205		-	22 determined under STEP ONE.
2206		-	23 STEP THREE: For the school corporation and each applicable
2207		-	24 charter school, determine the result of:
2208		-	25 (A) the incremental amount determined under STEP TWO;
2209		-	26 multiplied by
2210		-	27 (B) the following percentage:
2211		-	28 (i) In the case of an applicable charter school, the charter
2212		-	29 school's percentage under STEP FOUR of subsection (d).
2213		-	30 (ii) In the case of the school corporation, the school
2214		-	31 corporation's percentage under STEP FIVE of subsection
2215		-	32 (d).
2216		-	33 (g) Before October 1, 2024, and before October 1 of each year
2217		-	34 thereafter, the department shall provide to each school corporation and
2218		-	35 each eligible charter school an estimate of the amount of property tax
2219		-	36 levy revenue the school corporation and charter school are expected to
2220		-	37 receive under this section.
2221		-	38 (h) In order to receive a distribution under this section, the
2222		-	39 governing body of an eligible charter school shall, before November 1,
2223		-	40 2024, and before November 1 of each year thereafter, adopt a budget
2224		-	41 for the school year. Not later than ten (10) days before its adoption, the
2225		-	42 budget must be fixed and presented to the charter board in a public
2226		-	SB 518—LS 7334/DI 125 52
2227		-	1 meeting in the county in which the charter school is incorporated. A
2228		-	2 budget that is adopted under this subsection must be submitted to the
2229		-	3 charter authorizer for review and to the department of local government
2230		-	4 finance to be posted publicly on the computer gateway under
2231		-	5 IC 6-1.1-17-3.
2232		-	6 (i) Before April 1, 2025, and before April 1 of each year thereafter,
2233		-	7 the county auditor shall provide each school corporation and each
2234		-	8 eligible charter school the actual amount of property tax levy revenue
2235		-	9 the school corporation and charter school are expected to receive under
2236		-	10 this section.
2237		-	11 SECTION 28. IC 20-46-8-12 IS ADDED TO THE INDIANA
2238		-	12 CODE AS A NEW SECTION TO READ AS FOLLOWS
2239		-	13 [EFFECTIVE JULY 1, 2025]: Sec. 12. (a) Not later than November
2240		-	14 15, 2027, the department shall determine the applicable operations
2241		-	15 levy share quotient to be used in calculating the amounts that a
2242		-	16 school corporation must share each calendar year from the total
2243		-	17 property tax revenue collected from the school corporation's
2244		-	18 operations fund property tax levy imposed under this chapter in
2245		-	19 the calendar year according to the following formula:
2246		-	20 STEP ONE: Identify, for each school corporation, the charter
2247		-	21 schools, excluding virtual charter schools or adult high
2248		-	22 schools, in which students who have legal settlement in the
2249		-	23 school corporation attend and receive not more than fifty
2250		-	24 percent (50%) virtual instruction.
2251		-	25 STEP TWO: Determine, for each charter school identified in
2252		-	26 STEP ONE, the number of students who:
2253		-	27 (A) have legal settlement in the school corporation who are
2254		-	28 currently included in the fall ADM count of the charter
2255		-	29 school; and
2256		-	30 (B) receive not more than fifty percent (50%) virtual
2257		-	31 instruction.
2258		-	32 STEP THREE: Determine the sum of:
2259		-	33 (A) the fall ADM count for the school corporation,
2260		-	34 excluding students who:
2261		-	35 (i) receive more than fifty percent (50%) virtual
2262		-	36 instruction; or
2263		-	37 (ii) attend the school corporation but do not have legal
2264		-	38 settlement in the school corporation; plus
2265		-	39 (B) the total number of students who reside within the
2266		-	40 attendance area of the school corporation who are
2267		-	41 currently included in the fall ADM count of:
2268		-	42 (i) a charter school, excluding virtual charter schools or
2269		-	SB 518—LS 7334/DI 125 53
2270		-	1 adult high schools; and
2271		-	2 (ii) receive not more than fifty percent (50%) virtual
2272		-	3 instruction.
2273		-	4 STEP FOUR: To determine the operations levy share quotient
2274		-	5 for each charter school identified in STEP ONE, determine
2275		-	6 the result of:
2276		-	7 (A) the STEP TWO result; divided by
2277		-	8 (B) the STEP THREE result.
2278		-	9 (b) The department shall provide to the county auditor with
2279		-	10 respect to each school corporation located in the county auditor's
2280		-	11 county, immediately after calculation under subsection (a), and in
2281		-	12 the form prescribed by the county auditor each charter school
2282		-	13 determined under STEP ONE of subsection (a) and the charter
2283		-	14 school's corresponding operations levy share quotient calculated
2284		-	15 under STEP FOUR of subsection (a).
2285		-	16 (c) For the purposes of the calculations made in this section,
2286		-	17 each eligible school that has entered into an agreement with a
2287		-	18 school corporation to participate as a participating innovation
2288		-	19 network charter school under IC 20-25.7-5 is considered to have an
2289		-	20 ADM that is separate from the school corporation.
2290		-	21 SECTION 29. IC 20-46-8-13 IS ADDED TO THE INDIANA
2291		-	22 CODE AS A NEW SECTION TO READ AS FOLLOWS
2292		-	23 [EFFECTIVE JULY 1, 2025]: Sec. 13. (a) This section applies to
2293		-	24 revenue collected after December 31, 2027, from a tax levy imposed
2294		-	25 by a school corporation under this chapter.
2295		-	26 (b) This section does not apply to, and distributions are not
2296		-	27 required for, a school corporation:
2297		-	28 (1) that is designated as a distressed political subdivision
2298		-	29 under IC 6-1.1-20.3;
2299		-	30 (2) that was, at any time during the three (3) immediately
2300		-	31 preceding calendar years, designated as a distressed political
2301		-	32 subdivision under IC 6-1.1-20.3; or
2302		-	33 (3) for which less than one hundred (100) students who have
2303		-	34 legal settlement in the school corporation attend a charter
2304		-	35 school, excluding a virtual charter school.
2305		-	36 (c) The following schools are not eligible to receive a
2306		-	37 distribution under this section:
2307		-	38 (1) A virtual charter school.
2308		-	39 (2) An adult high school.
2309		-	40 (d) Beginning in calendar year 2028, and each year thereafter,
2310		-	41 and subject to subsection (i), when the county auditor distributes
2311		-	42 property taxes to taxing units, the county auditor shall distribute
2312		-	SB 518—LS 7334/DI 125 54
2313		-	1 an amount of the revenue collected from a tax levy imposed by a
2314		-	2 school corporation under this chapter to each charter school as
2315		-	3 identified for the school corporation in STEP ONE of section 12(a)
2316		-	4 of this chapter. Subject to subsections (e), (f), and (g), the county
2317		-	5 auditor shall distribute to each eligible charter school the amount
2318		-	6 determined in the applicable STEP of the following STEPS:
2319		-	7 STEP ONE: Determine the amount collected in the most
2320		-	8 recent installment period by the school corporation from the
2321		-	9 school corporation's operations fund levy imposed under this
2322		-	10 chapter.
2323		-	11 STEP TWO: Determine:
2324		-	12 (A) the STEP ONE result; minus
2325		-	13 (B) the amount needed to make payments due for bonds,
2326		-	14 leases, and other forms of indebtedness that were incurred
2327		-	15 before January 1, 2027, and are payable from property
2328		-	16 taxes collected from a levy imposed under this chapter.
2329		-	17 STEP THREE: To determine the distribution for each eligible
2330		-	18 charter school identified for the school corporation in STEP
2331		-	19 ONE of section 12(a) of this chapter, multiply:
2332		-	20 (A) the STEP TWO result; by
2333		-	21 (B) the levy share quotient determined for the charter
2334		-	22 school under STEP FOUR of section 12(a) of this chapter.
2335		-	23 (e) This subsection applies to a school corporation for which less
2336		-	24 than five hundred (500) students who have legal settlement in the
2337		-	25 school corporation attend a charter school and only to
2338		-	26 distributions under subsection (d) in calendar years 2028 and 2029
2339		-	27 to an eligible charter school. Instead of the amount determined
2340		-	28 under subsection (d) for a distribution to a particular eligible
2341		-	29 charter school from the revenue collected from the tax levy
2342		-	30 imposed under this chapter by a particular school corporation, the
2343		-	31 county auditor shall make distributions according to the following:
2344		-	32 (1) For a distribution in 2028, the county auditor shall
2345		-	33 distribute an amount for a particular eligible charter school
2346		-	34 equal to:
2347		-	35 (A) the result of STEP THREE of subsection (d) for the
2348		-	36 eligible charter school; multiplied by
2349		-	37 (B) thirty-three hundredths (0.33).
2350		-	38 (2) For a distribution in 2029, the county auditor shall
2351		-	39 distribute an amount for a particular eligible charter school
2352		-	40 equal to:
2353		-	41 (A) the result of STEP THREE of subsection (d) for the
2354		-	42 eligible charter school; multiplied by
2355		-	SB 518—LS 7334/DI 125 55
2356		-	1 (B) sixty-six hundredths (0.66).
2357		-	2 This subsection expires July 1, 2030.
2358		-	3 (f) In the case of a school corporation for which at least five
2359		-	4 hundred (500) students but less than five thousand (5,000) students
2360		-	5 who have legal settlement in the school corporation attend a
2361		-	6 charter school, the county auditor shall make distributions
2362		-	7 according to the following:
2363		-	8 (1) For a distribution in 2028, the county auditor shall
2364		-	9 distribute an amount for a particular eligible charter school
2365		-	10 equal to:
2366		-	11 (A) the result of STEP THREE of subsection (d) for the
2367		-	12 eligible charter school; multiplied by
2368		-	13 (B) twenty-five hundredths (0.25).
2369		-	14 (2) For a distribution in 2029, the county auditor shall
2370		-	15 distribute an amount for a particular eligible charter school
2371		-	16 equal to:
2372		-	17 (A) the result of STEP THREE of subsection (d) for the
2373		-	18 eligible charter school; multiplied by
2374		-	19 (B) five-tenths (0.5).
2375		-	20 (3) For a distribution in 2030, the county auditor shall
2376		-	21 distribute an amount for a particular eligible charter school
2377		-	22 equal to:
2378		-	23 (A) the result of STEP THREE of subsection (d) for the
2379		-	24 eligible charter school; multiplied by
2380		-	25 (B) seventy-five hundredths (0.75).
2381		-	26 (4) For a distribution in 2031 and each year thereafter, the
2382		-	27 county auditor shall distribute an amount for a particular
2383		-	28 eligible charter school equal to:
2384		-	29 (A) the result of STEP THREE of subsection (d) for the
2385		-	30 eligible charter school; multiplied by
2386		-	31 (B) one (1).
2387		-	32 (g) In the case of a school corporation for which at least five
2388		-	33 thousand (5,000) students who have legal settlement in the school
2389		-	34 corporation attend a charter school, the county auditor shall make
2390		-	35 distributions according to the following:
2391		-	36 (1) For a distribution in 2028, the county auditor shall
2392		-	37 distribute an amount for a particular eligible charter school
2393		-	38 equal to:
2394		-	39 (A) the result of STEP THREE of subsection (d) for the
2395		-	40 eligible charter school; multiplied by
2396		-	41 (B) two-tenths (0.2).
2397		-	42 (2) For a distribution in 2029, the county auditor shall
2398		-	SB 518—LS 7334/DI 125 56
2399		-	1 distribute an amount for a particular eligible charter school
2400		-	2 equal to:
2401		-	3 (A) the result of STEP THREE of subsection (d) for the
2402		-	4 eligible charter school; multiplied by
2403		-	5 (B) four-tenths (0.4).
2404		-	6 (3) For a distribution in 2030, the county auditor shall
2405		-	7 distribute an amount for a particular eligible charter school
2406		-	8 equal to:
2407		-	9 (A) the result of STEP THREE of subsection (d) for the
2408		-	10 eligible charter school; multiplied by
2409		-	11 (B) six-tenths (0.6).
2410		-	12 (4) For a distribution in 2031, the county auditor shall
	2129	+	1 ONE of section 12(a) of this chapter, multiply:
	2130	+	2 (A) the STEP TWO result; by
	2131	+	3 (B) the levy share quotient determined for the charter
	2132	+	4 school under STEP FOUR of section 12(a) of this chapter.
	2133	+	5 (e) This subsection applies only to distributions under
	2134	+	6 subsection (d) in calendar years 2026 and 2027 to an eligible
	2135	+	7 charter school. Instead of the amount determined under subsection
	2136	+	8 (d) for a distribution to a particular eligible charter school from
	2137	+	9 the revenue collected from the tax levy imposed under this chapter
	2138	+	10 by a particular school corporation, the county auditor shall make
	2139	+	11 distributions according to the following:
	2140	+	12 (1) For a distribution in 2026, the county auditor shall
2411	2141		13 distribute an amount for a particular eligible charter school
2412	2142		14 equal to:
2413	2143		15 (A) the result of STEP THREE of subsection (d) for the
2414	2144		16 eligible charter school; multiplied by
2415		-	17 (B) ~~eight-tenths~~ (0.8).
2416		-	18 (5) For a distribution in ~~2032 and each year thereafter~~, the
2417		-	19 ~~county auditor shall~~ distribute an amount for a particular
2418		-	20 ~~eligible charter school~~ equal to:
	2145	+	17 (B) thirty-three hundredths (0.33).
	2146	+	18 (2) For a distribution in 2027, the county auditor shall
	2147	+	19 distribute an amount for a particular eligible charter school
	2148	+	20 equal to:
2419	2149		21 (A) the result of STEP THREE of subsection (d) for the
2420	2150		22 eligible charter school; multiplied by
2421		-	23 (B) one (1).
2422		-	24 (h) Before October 1, 2027, and before October 1 of each year
2423		-	25 thereafter, the department shall provide to each school corporation
2424		-	26 and each eligible charter school an estimate of the amount of
2425		-	27 property tax levy revenue the school corporation and charter
2426		-	28 school are expected to receive under this section.
2427		-	29 (i) In order to receive a distribution under this section, the
2428		-	30 governing body of an eligible charter school shall, before
2429		-	31 November 1, 2027, and before November 1 of each year thereafter,
2430		-	32 adopt a budget for the school year. Not later than ten (10) days
2431		-	33 before its adoption, the budget must be fixed and presented to the
2432		-	34 charter board in a public meeting in the county in which the
2433		-	35 charter school is incorporated. A budget that is adopted under this
2434		-	36 subsection must be submitted to the charter authorizer for review
2435		-	37 and to the department of local government finance to be posted
2436		-	38 publicly on the computer gateway under IC 6-1.1-17-3.
2437		-	39 (j) Before April 1, 2028, and before April 1 of each year
2438		-	40 thereafter, the county auditor shall provide each school
2439		-	41 corporation and each eligible charter school the actual amount of
2440		-	42 property tax levy revenue the school corporation and charter
	2151	+	23 (B) sixty-six hundredths (0.66).
	2152	+	24 This subsection expires July 1, 2028.
	2153	+	25 (f) Before October 1, 2025, and before October 1 of each year
	2154	+	26 thereafter, the department shall provide to each school corporation
	2155	+	27 and each eligible charter school an estimate of the amount of
	2156	+	28 property tax levy revenue the school corporation and charter
	2157	+	29 school are expected to receive under this section.
	2158	+	30 (g) In order to receive a distribution under this section, the
	2159	+	31 governing body of an eligible charter school shall, before
	2160	+	32 November 1, 2025, and before November 1 of each year thereafter,
	2161	+	33 adopt a budget for the school year. Not later than ten (10) days
	2162	+	34 before its adoption, the budget must be fixed and presented to the
	2163	+	35 charter board in a public meeting in the county in which the
	2164	+	36 charter school is incorporated. A budget that is adopted under this
	2165	+	37 subsection must be submitted to the charter authorizer for review
	2166	+	38 and to the department of local government finance to be posted
	2167	+	39 publicly on the computer gateway under IC 6-1.1-17-3.
	2168	+	40 (h) Before April 1, 2026, and before April 1 of each year
	2169	+	41 thereafter, the county auditor shall provide each school
	2170	+	42 corporation and each eligible charter school the actual amount of
	2171	+	SB 518—LS 7334/DI 125 51
	2172	+	1 property tax levy revenue the school corporation and charter
	2173	+	2 school are expected to receive under this section.
	2174	+	3 SECTION 27. IC 20-46-9-6, AS AMENDED BY P.L.162-2024,
	2175	+	4 SECTION 26, AND AS AMENDED BY P.L.156-2024, SECTION 30,
	2176	+	5 AND AS AMENDED BY THE TECHNICAL CORRECTIONS BILL
	2177	+	6 OF THE 2025 GENERAL ASSEMBLY, IS CORRECTED AND
	2178	+	7 AMENDED TO READ AS FOLLOWS [EFFECTIVE MAY 10, 2025
	2179	+	8 (RETROACTIVE)]: Sec. 6. (a) Subject to this chapter, the governing
	2180	+	9 body of a school corporation may adopt a resolution to place a
	2181	+	10 referendum under this chapter on the ballot if the governing body of the
	2182	+	11 school corporation determines that a referendum levy should be
	2183	+	12 imposed for measures to improve school safety as described in
	2184	+	13 IC 20-40-20-6(a) or IC 20-40-20-6(b).
	2185	+	14 (b) Except as provided in section 22 of this chapter, a school
	2186	+	15 corporation may, with the approval of the majority of members of the
	2187	+	16 governing body, distribute a portion of the proceeds of a tax levy
	2188	+	17 collected under this chapter that is deposited in the fund to a charter
	2189	+	18 school, excluding a virtual charter school, that is located within the
	2190	+	19 attendance area of the school corporation, to be used by the charter
	2191	+	20 school for the purposes described in IC 20-40-20-6(a).
	2192	+	21 (c) (b) This subsection applies to a resolution described in
	2193	+	22 subsection (a) section 22 of this chapter that is adopted after May 10,
	2194	+	23 2023. in a county described in section 22(a) of this chapter. A
	2195	+	24 resolution shall specify that a portion of the proceeds of the proposed
	2196	+	25 levy will be distributed to applicable charter schools in the manner
	2197	+	26 described under section 22 of this chapter if unless the charter school
	2198	+	27 voluntarily elects to not participate in the referendum in the manner
	2199	+	28 described in subsection (i). (g).
	2200	+	29 (d) (c) This subsection applies to a resolution described in
	2201	+	30 subsection (a) section 22 of this chapter that is adopted after May 10,
	2202	+	31 2023. in a county described in section 22(a) of this chapter. The
	2203	+	32 resolution described in subsection (a) shall include a projection of the
	2204	+	33 amount that the school corporation expects to be distributed to a
	2205	+	34 particular charter school, excluding virtual charter schools or adult high
	2206	+	35 schools, under section 22 of this chapter that unless the charter school
	2207	+	36 elects to not participate in the referendum under subsection (i). (g). At
	2208	+	37 least sixty (60) days before the resolution described in subsection (a)
	2209	+	38 is voted on by the governing body, the school corporation shall contact
	2210	+	39 the department to determine the number of students in kindergarten
	2211	+	40 through grade 12:
	2212	+	41 (1) who have legal settlement in the school corporation but attend
	2213	+	42 a charter school, excluding virtual charter schools or adult high
	2214	+	SB 518—LS 7334/DI 125 52
	2215	+	1 schools; and
	2216	+	2 (2) who receive not more than fifty percent (50%) virtual
	2217	+	3 instruction.
	2218	+	4 Not later than fifty (50) days before the resolution is voted on by
	2219	+	5 the governing body, the department shall provide the school
	2220	+	6 corporation with the number of students with legal settlement in the
	2221	+	7 school corporation who attend a charter school, excluding a virtual
	2222	+	8 charter school or adult high school, and who receive not more than
	2223	+	9 fifty percent (50%) virtual instruction, which shall be disaggregated
	2224	+	10 for each particular charter school. excluding a virtual charter school or
	2225	+	11 adult high school. The projection may include an expected increase in
	2226	+	12 charter schools during the term the levy is imposed. The department of
	2227	+	13 local government finance shall prescribe the manner in which the
	2228	+	14 projection shall be calculated. The governing body shall take into
	2229	+	15 consideration the projection when adopting the revenue spending plan
	2230	+	16 under subsection (g). (e).
	2231	+	17 (e) (d) The governing body of the school corporation shall certify a
	2232	+	18 copy of the resolution to the following:
	2233	+	19 (1) The department of local government finance, including:
	2234	+	20 (A) the language for the question required by section 9 of this
	2235	+	21 chapter, or in the case of a resolution to extend a referendum
	2236	+	22 levy certified to the department of local government finance,
	2237	+	23 section 10 of this chapter; and
	2238	+	24 (B) a copy of the revenue spending plan adopted under
	2239	+	25 subsection (g). (e).
	2240	+	26 The language of the public question must include the estimated
	2241	+	27 average percentage increases certified by the county auditor under
	2242	+	28 section 9(d) or 10(f) of this chapter, as applicable. The governing
	2243	+	29 body of the school corporation shall also provide the county
	2244	+	30 auditor's certification described in section 9(d) or 10(f) of this
	2245	+	31 chapter, as applicable. The department of local government
	2246	+	32 finance shall post the values certified by the county auditor to the
	2247	+	33 department's website. The department shall review the language
	2248	+	34 for compliance with section 9 or 10 of this chapter, whichever is
	2249	+	35 applicable, and either approve or reject the language. The
	2250	+	36 department shall send its decision to the governing body of the
	2251	+	37 school corporation not more than ten (10) days after both the
	2252	+	38 certification of the county auditor described in section 9(d) or
	2253	+	39 10(f) of this chapter, as applicable, and the resolution is are
	2254	+	40 submitted to the department. If the language is approved, the
	2255	+	41 governing body of the school corporation shall certify a copy of
	2256	+	42 the resolution, including the language for the question and the
	2257	+	SB 518—LS 7334/DI 125 53
	2258	+	1 department's approval.
	2259	+	2 (2) The county fiscal body of each county in which the school
	2260	+	3 corporation is located (for informational purposes only).
	2261	+	4 (3) The circuit court clerk of each county in which the school
	2262	+	5 corporation is located.
	2263	+	6 (f) Except as provided in section 22 of this chapter, the resolution
	2264	+	7 described in subsection (a) must indicate whether proceeds in the
	2265	+	8 school corporation's fund collected from a tax levy under this chapter
	2266	+	9 will be used to provide a distribution to a charter school or charter
	2267	+	10 schools, excluding a virtual charter school, under IC 20-40-20-6(b) as
	2268	+	11 well as the amount that will be distributed to the particular charter
	2269	+	12 school or charter schools. A school corporation may request from the
	2270	+	13 designated charter school or charter schools any financial
	2271	+	14 documentation necessary to demonstrate the financial need of the
	2272	+	15 charter school or charter schools.
	2273	+	16 (g) (e) As part of the resolution described in subsection (a), the
	2274	+	17 governing body of the school corporation shall adopt a revenue
	2275	+	18 spending plan for the proposed referendum tax levy that includes:
	2276	+	19 (1) an estimate of the amount of annual revenue expected to be
	2277	+	20 collected if a levy is imposed under this chapter;
	2278	+	21 (2) the specific purposes described in IC 20-40-20-6 for which the
	2279	+	22 revenue collected from a levy imposed under this chapter will be
	2280	+	23 used;
	2281	+	24 (3) an estimate of the annual dollar amounts that will be expended
	2282	+	25 for each purpose described in subdivision (2); and
	2283	+	26 (4) for a resolution for a referendum that is adopted after May 10,
	2284	+	27 2023, for a county as described in section 22(a) 22 of this chapter,
	2285	+	28 the projected revenue that shall be distributed to charter schools
	2286	+	29 as provided in subsection (d). (c). The revenue spending plan
	2287	+	30 shall also take into consideration deviations in the proposed
	2288	+	31 revenue spending plan if the actual charter school distributions
	2289	+	32 exceed or are lower than the projected charter school distributions
	2290	+	33 described in subsection (d). (c). The resolution shall include for
	2291	+	34 each charter school that elects to participate under subsection (i)
	2292	+	35 (g) information described in subdivisions (1) through (3).
	2293	+	36 (h) (f) A school corporation shall specify in its proposed budget the
	2294	+	37 school corporation's revenue spending plan adopted under subsection
	2295	+	38 (g) (e) and annually present the revenue spending plan at its public
	2296	+	39 hearing on the proposed budget under IC 6-1.1-17-3.
	2297	+	40 (i) (g) This subsection applies to a resolution described in
	2298	+	41 subsection (a) for a county described in section 22(a) section 22 of this
	2299	+	42 chapter that is adopted after May 10, 2023. At least forty-five (45) days
	2300	+	SB 518—LS 7334/DI 125 54
	2301	+	1 before the resolution described in subsection (a) is voted on by the
	2302	+	2 governing body, the school corporation shall contact each charter
	2303	+	3 school, excluding virtual charter schools or adult high schools,
	2304	+	4 disclosed by the department to the school corporation under subsection
	2305	+	5 (f) (c) to determine whether the charter school will elect to not
	2306	+	6 participate in the referendum. The notice must include the total amount
	2307	+	7 of the school corporation's expected need, the corresponding estimate
	2308	+	8 of that amount divided by the number of students enrolled in the school
	2309	+	9 corporation, and the date on which the governing body of the school
	2310	+	10 corporation will vote on the resolution. The charter school must
	2311	+	11 respond in writing to the school corporation, which may be by
	2312	+	12 electronic mail addressed to the superintendent of the school
	2313	+	13 corporation, at least fifteen (15) thirty (30) days prior to the date that
	2314	+	14 the resolution described in subsection (a) is to be voted on by the
	2315	+	15 governing body. If the charter school elects to not participate in the
	2316	+	16 referendum, the school corporation may exclude distributions to the
	2317	+	17 charter school under section 22 of this chapter and from the projection
	2318	+	18 described in subsection (d). (c). If the A charter school that elects to
	2319	+	19 will participate in the referendum the charter school may receive
	2320	+	20 distributions under section 22 of this chapter and must be included in
	2321	+	21 the projection described in subsection (d). (c). In addition, a charter
	2322	+	22 school that elects to will participate in the referendum under this
	2323	+	23 subsection shall contribute a proportionate share of the cost to conduct
	2324	+	24 the referendum based on the total combined ADM of the school
	2325	+	25 corporation and any participating charter schools.
	2326	+	26 (j) (h) This subsection applies to a resolution described in
	2327	+	27 subsection (a) for a county described in section 22(a) section 22 of this
	2328	+	28 chapter that is adopted after May 10, 2023. At least thirty (30) days
	2329	+	29 before the resolution described in subsection (a) referendum submitted
	2330	+	30 to the voters under this chapter is voted on by the governing body,
	2331	+	31 public in a primary or general election, the school corporation that is
	2332	+	32 pursuing the resolution referendum and any charter school that has
	2333	+	33 elected to will participate under subsection (i) (g) shall post a
	2334	+	34 referendum disclosure statement on each school's respective website
	2335	+	35 that contains the following information:
	2336	+	36 (1) The salaries of all employees employed by position within the
	2337	+	37 school corporation or charter school listed from highest salary to
	2338	+	38 lowest salary and a link to Gateway Indiana for access to
	2339	+	39 individual salaries.
	2340	+	40 (2) An acknowledgment that the school corporation or charter
	2341	+	41 school is not committing any crime described in IC 35-44.1-1.
	2342	+	42 (3) A link to the school corporation's or charter school's most
	2343	+	SB 518—LS 7334/DI 125 55
	2344	+	1 recent state board of accounts audit on the state board of accounts'
	2345	+	2 website.
	2346	+	3 (4) The current enrollment of the school corporation or charter
	2347	+	4 school disaggregated by student group and race.
	2348	+	5 (5) The school corporation's or charter school's high school
	2349	+	6 graduation rate.
	2350	+	7 (6) The school corporation's or charter school's annual retention
	2351	+	8 rate for teachers for the previous five (5) years.
	2352	+	9 (i) Not later than May 20, 2025, the department of local
	2353	+	10 government finance shall prescribe the manner in which a
	2354	+	11 projection described in subsection (c) shall be calculated.
	2355	+	12 SECTION 28. IC 20-46-9-7, AS AMENDED BY P.L.189-2023,
	2356	+	13 SECTION 36, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	2357	+	14 MAY 10, 2025 (RETROACTIVE)]: Sec. 7. (a) A resolution to extend
	2358	+	15 a referendum levy must be:
	2359	+	16 (1) adopted by the governing body of a school corporation; and
	2360	+	17 (2) approved in a referendum under this chapter;
	2361	+	18 before December 31 of the final calendar year in which the school
	2362	+	19 corporation's previously approved referendum levy is imposed under
	2363	+	20 this chapter.
	2364	+	21 (b) For a resolution adopted under this section:
	2365	+	22 (1) after May 10, 2023, and before May 11, 2025, for a county
	2366	+	23 described in section 22(a) of this chapter; and
	2367	+	24 (2) after May 10, 2025, for all counties, as described in section
	2368	+	25 22(b) of this chapter;
	2369	+	26 the resolution must include the projected charter school distributions
	2370	+	27 described in section 6(d) 6(c) of this chapter and indicate the
	2371	+	28 distributions to applicable charter schools in accordance with section
	2372	+	29 22 of this chapter.
	2373	+	30 SECTION 29. IC 20-46-9-22, AS ADDED BY P.L.189-2023,
	2374	+	31 SECTION 38, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
	2375	+	32 MAY 10, 2025 (RETROACTIVE)]: Sec. 22. (a) This section applies
	2376	+	33 to revenue received from a resolution that is approved by the governing
	2377	+	34 body to impose a referendum levy under section 6 or 7 of this chapter
	2378	+	35 after May 10, 2023, and before May 11, 2025, for a school corporation
	2379	+	36 located in:
	2380	+	37 (1) Lake County;
	2381	+	38 (2) Marion County;
	2382	+	39 (3) St. Joseph County; or
	2383	+	40 (4) Vanderburgh County.
	2384	+	41 (b) This section applies to revenue received from a resolution
	2385	+	42 that is approved by the governing body after May 10, 2025, to
	2386	+	SB 518—LS 7334/DI 125 56
	2387	+	1 impose a referendum levy under section 6 or 7 of this chapter for
	2388	+	2 a school corporation. However, this section does not apply to a
	2389	+	3 school corporation for which less than one hundred (100) students
	2390	+	4 who have legal settlement in the school corporation attend a
	2391	+	5 charter school.
	2392	+	6 (b) (c) The county auditor shall distribute an amount under
	2393	+	7 subsection (d) (e) to each charter school, excluding virtual charter
	2394	+	8 schools or adult high schools, that a student who resides within the
	2395	+	9 attendance area of the school corporation attends if unless the charter
	2396	+	10 school, excluding virtual charter schools or adult high schools, elects
	2397	+	11 to not participate in the referendum under section 6(i) 6(g) of this
	2398	+	12 chapter. The department shall provide the county auditor with data and
	2399	+	13 information necessary for the county auditor to determine:
	2400	+	14 (1) which charter schools, excluding virtual charter schools or
	2401	+	15 adult high schools, are eligible to receive a distribution under this
	2402	+	16 section; and
	2403	+	17 (2) the number of all students who:
	2404	+	18 (A) reside within the attendance area of the school corporation
	2405	+	19 who are included in the ADM for each charter school,
	2406	+	20 excluding virtual charter schools or adult high schools,
	2407	+	21 described in subdivision (1); and
	2408	+	22 (B) receive not more than fifty percent (50%) virtual
	2409	+	23 instruction.
	2410	+	24 (c) (d) The following schools are not eligible to receive a
	2411	+	25 distribution under this section:
	2412	+	26 (1) A virtual charter school.
	2413	+	27 (2) An adult high school.
	2414	+	28 (d) (e) This subsection applies only for distributions of revenue
	2415	+	29 received from a resolution that is approved by the governing body
	2416	+	30 after May 10, 2023, and before May 11, 2025, to impose a
	2417	+	31 referendum levy under section 6 or 7 of this chapter for a school
	2418	+	32 corporation described in subsection (a). For the purposes of the
	2419	+	33 calculations made in this subsection, each eligible school that has
	2420	+	34 entered into an agreement with a school corporation to participate as a
	2421	+	35 participating innovation network charter school under IC 20-25.7-5 is
	2422	+	36 considered to have an ADM that is separate from the school
	2423	+	37 corporation. The amount that the county auditor shall distribute to a
	2424	+	38 charter school, excluding virtual charter schools or adult high schools,
	2425	+	39 under this section is the amount determined in the last STEP of the
	2426	+	40 following STEPS:
	2427	+	41 STEP ONE: Determine, for each charter school, excluding virtual
	2428	+	42 charter schools or adult high schools, that is eligible to receive a
2441	2429		SB 518—LS 7334/DI 125 57
2442		-	1 school are expected to receive under this section.
2443		-	2 SECTION 30. IC 20-46-9-6, AS AMENDED BY P.L.162-2024,
2444		-	3 SECTION 26, AND AS AMENDED BY P.L.156-2024, SECTION 30,
2445		-	4 AND AS AMENDED BY THE TECHNICAL CORRECTIONS BILL
2446		-	5 OF THE 2025 GENERAL ASSEMBLY, IS CORRECTED AND
2447		-	6 AMENDED TO READ AS FOLLOWS [EFFECTIVE MAY 10, 2025
2448		-	7 (RETROACTIVE)]: Sec. 6. (a) Subject to this chapter, the governing
2449		-	8 body of a school corporation may adopt a resolution to place a
2450		-	9 referendum under this chapter on the ballot if the governing body of the
2451		-	10 school corporation determines that a referendum levy should be
2452		-	11 imposed for measures to improve school safety as described in
2453		-	12 IC 20-40-20-6(a) or IC 20-40-20-6(b).
2454		-	13 (b) Except as provided in section 22 of this chapter, a school
2455		-	14 corporation may, with the approval of the majority of members of the
2456		-	15 governing body, distribute a portion of the proceeds of a tax levy
2457		-	16 collected under this chapter that is deposited in the fund to a charter
2458		-	17 school, excluding a virtual charter school, that is located within the
2459		-	18 attendance area of the school corporation, to be used by the charter
2460		-	19 school for the purposes described in IC 20-40-20-6(a).
2461		-	20 (c) (b) This subsection applies to a resolution described in
2462		-	21 subsection (a) section 22 of this chapter that is adopted after May 10,
2463		-	22 2023. in a county described in section 22(a) of this chapter. A
2464		-	23 resolution shall specify that a portion of the proceeds of the proposed
2465		-	24 levy will be distributed to applicable charter schools in the manner
2466		-	25 described under section 22 of this chapter if unless the charter school
2467		-	26 voluntarily elects to not participate in the referendum in the manner
2468		-	27 described in subsection (i). (g).
2469		-	28 (d) (c) This subsection applies to a resolution described in
2470		-	29 subsection (a) section 22 of this chapter that is adopted after May 10,
2471		-	30 2023. in a county described in section 22(a) of this chapter. The
2472		-	31 resolution described in subsection (a) shall include a projection of the
2473		-	32 amount that the school corporation expects to be distributed to a
2474		-	33 particular charter school, excluding virtual charter schools or adult high
2475		-	34 schools, under section 22 of this chapter that unless the charter school
2476		-	35 elects to not participate in the referendum under subsection (i). (g). At
2477		-	36 least sixty (60) days before the resolution described in subsection (a)
2478		-	37 is voted on by the governing body, the school corporation shall contact
2479		-	38 the department to determine the number of students in kindergarten
2480		-	39 through grade 12:
2481		-	40 (1) who have legal settlement in the school corporation but attend
2482		-	41 a charter school, excluding virtual charter schools or adult high
2483		-	42 schools; and
2484		-	SB 518—LS 7334/DI 125 58
2485		-	1 (2) who receive not more than fifty percent (50%) virtual
2486		-	2 instruction.
2487		-	3 Not later than fifty (50) days before the resolution is voted on by
2488		-	4 the governing body, the department shall provide the school
2489		-	5 corporation with the number of students with legal settlement in the
2490		-	6 school corporation who attend a charter school, excluding a virtual
2491		-	7 charter school or adult high school, and who receive not more than
2492		-	8 fifty percent (50%) virtual instruction, which shall be disaggregated
2493		-	9 for each particular charter school. excluding a virtual charter school or
2494		-	10 adult high school. The projection may include an expected increase in
2495		-	11 charter schools during the term the levy is imposed. The department of
2496		-	12 local government finance shall prescribe the manner in which the
2497		-	13 projection shall be calculated. The governing body shall take into
2498		-	14 consideration the projection when adopting the revenue spending plan
2499		-	15 under subsection (g). (e).
2500		-	16 (e) (d) The governing body of the school corporation shall certify a
2501		-	17 copy of the resolution to the following:
2502		-	18 (1) The department of local government finance, including:
2503		-	19 (A) the language for the question required by section 9 of this
2504		-	20 chapter, or in the case of a resolution to extend a referendum
2505		-	21 levy certified to the department of local government finance,
2506		-	22 section 10 of this chapter; and
2507		-	23 (B) a copy of the revenue spending plan adopted under
2508		-	24 subsection (g). (e).
2509		-	25 The language of the public question must include the estimated
2510		-	26 average percentage increases certified by the county auditor under
2511		-	27 section 9(d) or 10(f) of this chapter, as applicable. The governing
2512		-	28 body of the school corporation shall also provide the county
2513		-	29 auditor's certification described in section 9(d) or 10(f) of this
2514		-	30 chapter, as applicable. The department of local government
2515		-	31 finance shall post the values certified by the county auditor to the
2516		-	32 department's website. The department shall review the language
2517		-	33 for compliance with section 9 or 10 of this chapter, whichever is
2518		-	34 applicable, and either approve or reject the language. The
2519		-	35 department shall send its decision to the governing body of the
2520		-	36 school corporation not more than ten (10) days after both the
2521		-	37 certification of the county auditor described in section 9(d) or
2522		-	38 10(f) of this chapter, as applicable, and the resolution is are
2523		-	39 submitted to the department. If the language is approved, the
2524		-	40 governing body of the school corporation shall certify a copy of
2525		-	41 the resolution, including the language for the question and the
2526		-	42 department's approval.
2527		-	SB 518—LS 7334/DI 125 59
2528		-	1 (2) The county fiscal body of each county in which the school
2529		-	2 corporation is located (for informational purposes only).
2530		-	3 (3) The circuit court clerk of each county in which the school
2531		-	4 corporation is located.
2532		-	5 (f) Except as provided in section 22 of this chapter, the resolution
2533		-	6 described in subsection (a) must indicate whether proceeds in the
2534		-	7 school corporation's fund collected from a tax levy under this chapter
2535		-	8 will be used to provide a distribution to a charter school or charter
2536		-	9 schools, excluding a virtual charter school, under IC 20-40-20-6(b) as
2537		-	10 well as the amount that will be distributed to the particular charter
2538		-	11 school or charter schools. A school corporation may request from the
2539		-	12 designated charter school or charter schools any financial
2540		-	13 documentation necessary to demonstrate the financial need of the
2541		-	14 charter school or charter schools.
2542		-	15 (g) (e) As part of the resolution described in subsection (a), the
2543		-	16 governing body of the school corporation shall adopt a revenue
2544		-	17 spending plan for the proposed referendum tax levy that includes:
2545		-	18 (1) an estimate of the amount of annual revenue expected to be
2546		-	19 collected if a levy is imposed under this chapter;
2547		-	20 (2) the specific purposes described in IC 20-40-20-6 for which the
2548		-	21 revenue collected from a levy imposed under this chapter will be
2549		-	22 used;
2550		-	23 (3) an estimate of the annual dollar amounts that will be expended
2551		-	24 for each purpose described in subdivision (2); and
2552		-	25 (4) for a resolution for a referendum that is adopted after May 10,
2553		-	26 2023, for a county as described in section 22(a) 22 of this chapter,
2554		-	27 the projected revenue that shall be distributed to charter schools
2555		-	28 as provided in subsection (d). (c). The revenue spending plan
2556		-	29 shall also take into consideration deviations in the proposed
2557		-	30 revenue spending plan if the actual charter school distributions
2558		-	31 exceed or are lower than the projected charter school distributions
2559		-	32 described in subsection (d). (c). The resolution shall include for
2560		-	33 each charter school that elects to participate under subsection (i)
2561		-	34 (g) information described in subdivisions (1) through (3).
2562		-	35 (h) (f) A school corporation shall specify in its proposed budget the
2563		-	36 school corporation's revenue spending plan adopted under subsection
2564		-	37 (g) (e) and annually present the revenue spending plan at its public
2565		-	38 hearing on the proposed budget under IC 6-1.1-17-3.
2566		-	39 (i) (g) This subsection applies to a resolution described in
2567		-	40 subsection (a) for a county described in section 22(a) section 22 of this
2568		-	41 chapter that is adopted after May 10, 2023. At least forty-five (45) days
2569		-	42 before the resolution described in subsection (a) is voted on by the
2570		-	SB 518—LS 7334/DI 125 60
2571		-	1 governing body, the school corporation shall contact each charter
2572		-	2 school, excluding virtual charter schools or adult high schools,
2573		-	3 disclosed by the department to the school corporation under subsection
2574		-	4 (f) (c) to determine whether the charter school will elect to not
2575		-	5 participate in the referendum. The notice must include the total amount
2576		-	6 of the school corporation's expected need, the corresponding estimate
2577		-	7 of that amount divided by the number of students enrolled in the school
2578		-	8 corporation, and the date on which the governing body of the school
2579		-	9 corporation will vote on the resolution. The charter school must
2580		-	10 respond in writing to the school corporation, which may be by
2581		-	11 electronic mail addressed to the superintendent of the school
2582		-	12 corporation, at least fifteen (15) thirty (30) days prior to the date that
2583		-	13 the resolution described in subsection (a) is to be voted on by the
2584		-	14 governing body. If the charter school elects to not participate in the
2585		-	15 referendum, the school corporation may exclude distributions to the
2586		-	16 charter school under section 22 of this chapter and from the projection
2587		-	17 described in subsection (d). (c). If the A charter school that elects to
2588		-	18 will participate in the referendum the charter school may receive
2589		-	19 distributions under section 22 of this chapter and must be included in
2590		-	20 the projection described in subsection (d). (c). In addition, a charter
2591		-	21 school that elects to will participate in the referendum under this
2592		-	22 subsection shall contribute a proportionate share of the cost to conduct
2593		-	23 the referendum based on the total combined ADM of the school
2594		-	24 corporation and any participating charter schools.
2595		-	25 (j) (h) This subsection applies to a resolution described in
2596		-	26 subsection (a) for a county described in section 22(a) section 22 of this
2597		-	27 chapter that is adopted after May 10, 2023. At least thirty (30) days
2598		-	28 before the resolution described in subsection (a) referendum submitted
2599		-	29 to the voters under this chapter is voted on by the governing body,
2600		-	30 public in a primary or general election, the school corporation that is
2601		-	31 pursuing the resolution referendum and any charter school that has
2602		-	32 elected to will participate under subsection (i) (g) shall post a
2603		-	33 referendum disclosure statement on each school's respective website
2604		-	34 that contains the following information:
2605		-	35 (1) The salaries of all employees employed by position within the
2606		-	36 school corporation or charter school listed from highest salary to
2607		-	37 lowest salary and a link to Gateway Indiana for access to
2608		-	38 individual salaries.
2609		-	39 (2) An acknowledgment that the school corporation or charter
2610		-	40 school is not committing any crime described in IC 35-44.1-1.
2611		-	41 (3) A link to the school corporation's or charter school's most
2612		-	42 recent state board of accounts audit on the state board of accounts'
2613		-	SB 518—LS 7334/DI 125 61
2614		-	1 website.
2615		-	2 (4) The current enrollment of the school corporation or charter
2616		-	3 school disaggregated by student group and race.
2617		-	4 (5) The school corporation's or charter school's high school
2618		-	5 graduation rate.
2619		-	6 (6) The school corporation's or charter school's annual retention
2620		-	7 rate for teachers for the previous five (5) years.
2621		-	8 (i) Not later than May 20, 2025, the department of local
2622		-	9 government finance shall prescribe the manner in which a
2623		-	10 projection described in subsection (c) shall be calculated.
2624		-	11 SECTION 31. IC 20-46-9-7, AS AMENDED BY P.L.189-2023,
2625		-	12 SECTION 36, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
2626		-	13 MAY 10, 2025 (RETROACTIVE)]: Sec. 7. (a) A resolution to extend
2627		-	14 a referendum levy must be:
2628		-	15 (1) adopted by the governing body of a school corporation; and
2629		-	16 (2) approved in a referendum under this chapter;
2630		-	17 before December 31 of the final calendar year in which the school
2631		-	18 corporation's previously approved referendum levy is imposed under
2632		-	19 this chapter.
2633		-	20 (b) For a resolution adopted under this section:
2634		-	21 (1) after May 10, 2023, and before May 11, 2025, for a county
2635		-	22 described in section 22(a) of this chapter; and
2636		-	23 (2) after May 10, 2025, for all counties, as described in section
2637		-	24 22(b) of this chapter;
2638		-	25 the resolution must include the projected charter school distributions
2639		-	26 described in section 6(d) 6(c) of this chapter and indicate the
2640		-	27 distributions to applicable charter schools in accordance with section
2641		-	28 22 of this chapter.
2642		-	29 SECTION 32. IC 20-46-9-22, AS ADDED BY P.L.189-2023,
2643		-	30 SECTION 38, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
2644		-	31 MAY 10, 2025 (RETROACTIVE)]: Sec. 22. (a) This section applies
2645		-	32 to revenue received from a resolution that is approved by the governing
2646		-	33 body to impose a referendum levy under section 6 or 7 of this chapter
2647		-	34 after May 10, 2023, and before May 11, 2025, for a school corporation
2648		-	35 located in:
2649		-	36 (1) Lake County;
2650		-	37 (2) Marion County;
2651		-	38 (3) St. Joseph County; or
2652		-	39 (4) Vanderburgh County.
2653		-	40 (b) This section applies to revenue received from a resolution
2654		-	41 that is approved by the governing body after May 10, 2025, to
2655		-	42 impose a referendum levy under section 6 or 7 of this chapter for
2656		-	SB 518—LS 7334/DI 125 62
2657		-	1 a school corporation. However, this section does not apply to a
2658		-	2 school corporation for which less than one hundred (100) students
2659		-	3 who have legal settlement in the school corporation attend a
2660		-	4 charter school, excluding a virtual charter school.
2661		-	5 (b) (c) The county auditor shall distribute an amount under
2662		-	6 subsection (d) (e) to each charter school, excluding virtual charter
2663		-	7 schools or adult high schools, that a student who resides within the
2664		-	8 attendance area of the school corporation attends if unless the charter
2665		-	9 school, excluding virtual charter schools or adult high schools, elects
2666		-	10 to not participate in the referendum under section 6(i) 6(g) of this
2667		-	11 chapter. The department shall provide the county auditor with data and
2668		-	12 information necessary for the county auditor to determine:
2669		-	13 (1) which charter schools, excluding virtual charter schools or
2670		-	14 adult high schools, are eligible to receive a distribution under this
2671		-	15 section; and
2672		-	16 (2) the number of all students who:
2673		-	17 (A) reside within the attendance area of the school corporation
2674		-	18 who are included in the ADM for each charter school,
2675		-	19 excluding virtual charter schools or adult high schools,
2676		-	20 described in subdivision (1); and
2677		-	21 (B) receive not more than fifty percent (50%) virtual
2678		-	22 instruction.
2679		-	23 (c) (d) The following schools are not eligible to receive a
2680		-	24 distribution under this section:
2681		-	25 (1) A virtual charter school.
2682		-	26 (2) An adult high school.
2683		-	27 (d) (e) This subsection applies only for distributions of revenue
2684		-	28 received from a resolution that is approved by the governing body
2685		-	29 after May 10, 2023, and before May 11, 2025, to impose a
2686		-	30 referendum levy under section 6 or 7 of this chapter for a school
2687		-	31 corporation described in subsection (a). For the purposes of the
2688		-	32 calculations made in this subsection, each eligible school that has
2689		-	33 entered into an agreement with a school corporation to participate as a
2690		-	34 participating innovation network charter school under IC 20-25.7-5 is
2691		-	35 considered to have an ADM that is separate from the school
2692		-	36 corporation. The amount that the county auditor shall distribute to a
2693		-	37 charter school, excluding virtual charter schools or adult high schools,
2694		-	38 under this section is the amount determined in the last STEP of the
2695		-	39 following STEPS:
2696		-	40 STEP ONE: Determine, for each charter school, excluding virtual
2697		-	41 charter schools or adult high schools, that is eligible to receive a
2698		-	42 distribution under this section, the number of students who reside
2699		-	SB 518—LS 7334/DI 125 63
2700		-	1 within the attendance area of the school corporation who are
2701		-	2 currently included in the ADM of the charter school.
2702		-	3 STEP TWO: Determine the sum of:
2703		-	4 (A) the current ADM count for the school corporation; plus
2704		-	5 (B) the total number of students who reside within the
2705		-	6 attendance area of the school corporation who are currently
2706		-	7 included in the ADM of a charter school, excluding virtual
2707		-	8 charter schools or adult high schools.
2708		-	9 STEP THREE: Determine the result of:
2709		-	10 (A) the STEP ONE amount; divided by
2710		-	11 (B) the STEP TWO amount.
2711		-	12 STEP FOUR: Determine the result of:
2712		-	13 (A) the STEP THREE amount; multiplied by
2713		-	14 (B) the amount collected by the county auditor during the most
2714		-	15 recent installment period.
2715		-	16 (f) This subsection applies only for distributions of revenue
2716		-	17 received from a resolution that is approved by the governing body
2717		-	18 after May 10, 2025, to impose a referendum levy under section 6 or
2718		-	19 7 of this chapter for a school corporation. For the purposes of the
2719		-	20 calculations made in this subsection, each eligible school that has
2720		-	21 entered into an agreement with a school corporation to participate
2721		-	22 as a participating innovation network charter school under
2722		-	23 IC 20-25.7-5 is considered to have an ADM that is separate from
2723		-	24 the school corporation. The amount that the county auditor shall
2724		-	25 distribute to a charter school, excluding virtual charter schools or
2725		-	26 adult high schools, under this section is the amount determined in
2726		-	27 the last STEP of the following:
2727		-	28 STEP ONE: Determine, for each charter school, excluding
2728		-	29 virtual charter schools or adult high schools, that is eligible to
2729		-	30 receive a distribution under this section, the number of
2730		-	31 students who:
2731		-	32 (A) reside within the attendance area of the school
2732		-	33 corporation who are currently included in the ADM of the
2733		-	34 charter school; and
2734		-	35 (B) receive not more than fifty percent (50%) virtual
2735		-	36 instruction.
2736		-	37 STEP TWO: Determine the sum of:
2737		-	38 (A) the current ADM count for the school corporation,
2738		-	39 excluding students who:
2739		-	40 (i) receive more than fifty percent (50%) virtual
2740		-	41 instruction; and
2741		-	42 (ii) attend the school corporation but do not have legal
2742		-	SB 518—LS 7334/DI 125 64
2743		-	1 settlement in the school corporation; plus
2744		-	2 (B) the total number of students who:
2745		-	3 (i) reside within the attendance area of the school
2746		-	4 corporation who are currently included in the ADM of
2747		-	5 a charter school, excluding virtual charter schools or
2748		-	6 adult high schools; and
2749		-	7 (ii) receive not more than fifty percent (50%) virtual
2750		-	8 instruction.
2751		-	9 STEP THREE: For each charter school, determine the result
2752		-	10 of:
	2430	+	1 distribution under this section, the number of students who reside
	2431	+	2 within the attendance area of the school corporation who are
	2432	+	3 currently included in the ADM of the charter school.
	2433	+	4 STEP TWO: Determine the sum of:
	2434	+	5 (A) the current ADM count for the school corporation; plus
	2435	+	6 (B) the total number of students who reside within the
	2436	+	7 attendance area of the school corporation who are currently
	2437	+	8 included in the ADM of a charter school, excluding virtual
	2438	+	9 charter schools or adult high schools.
	2439	+	10 STEP THREE: Determine the result of:
2753	2440		11 (A) the STEP ONE amount; divided by
2754	2441		12 (B) the STEP TWO amount.
2755		-	13 STEP FOUR: To determine the distribution amount for a
2756		-	14 charter school, determine the result of:
2757		-	15 (A) the STEP THREE amount; multiplied by
2758		-	16 (B) the amount collected by the county auditor during the
2759		-	17 most recent installment period.
2760		-	18 (e) (g) If a charter school receives a distribution under this section,
2761		-	19 the distribution may be used only for the purposes described in
2762		-	20 IC 20-40-20-6(a).
2763		-	21 SECTION 33. An emergency is declared for this act.
2764		-	SB 518—LS 7334/DI 125 65
	2442	+	13 STEP FOUR: Determine the result of:
	2443	+	14 (A) the STEP THREE amount; multiplied by
	2444	+	15 (B) the amount collected by the county auditor during the most
	2445	+	16 recent installment period.
	2446	+	17 (f) This subsection applies only for distributions of revenue
	2447	+	18 received from a resolution that is approved by the governing body
	2448	+	19 after May 10, 2025, to impose a referendum levy under section 6 or
	2449	+	20 7 of this chapter for a school corporation. For the purposes of the
	2450	+	21 calculations made in this subsection, each eligible school that has
	2451	+	22 entered into an agreement with a school corporation to participate
	2452	+	23 as a participating innovation network charter school under
	2453	+	24 IC 20-25.7-5 is considered to have an ADM that is separate from
	2454	+	25 the school corporation. The amount that the county auditor shall
	2455	+	26 distribute to a charter school, excluding virtual charter schools or
	2456	+	27 adult high schools, under this section is the amount determined in
	2457	+	28 the last STEP of the following:
	2458	+	29 STEP ONE: Determine, for each charter school, excluding
	2459	+	30 virtual charter schools or adult high schools, that is eligible to
	2460	+	31 receive a distribution under this section, the number of
	2461	+	32 students who:
	2462	+	33 (A) reside within the attendance area of the school
	2463	+	34 corporation who are currently included in the ADM of the
	2464	+	35 charter school; and
	2465	+	36 (B) receive not more than fifty percent (50%) virtual
	2466	+	37 instruction.
	2467	+	38 STEP TWO: Determine the sum of:
	2468	+	39 (A) the current ADM count for the school corporation,
	2469	+	40 excluding students who:
	2470	+	41 (i) receive more than fifty percent (50%) virtual
	2471	+	42 instruction; and
	2472	+	SB 518—LS 7334/DI 125 58
	2473	+	1 (ii) attend the school corporation but do not have legal
	2474	+	2 settlement in the school corporation; plus
	2475	+	3 (B) the total number of students who:
	2476	+	4 (i) reside within the attendance area of the school
	2477	+	5 corporation who are currently included in the ADM of
	2478	+	6 a charter school, excluding virtual charter schools or
	2479	+	7 adult high schools; and
	2480	+	8 (ii) receive not more than fifty percent (50%) virtual
	2481	+	9 instruction.
	2482	+	10 STEP THREE: For each charter school, determine the result
	2483	+	11 of:
	2484	+	12 (A) the STEP ONE amount; divided by
	2485	+	13 (B) the STEP TWO amount.
	2486	+	14 STEP FOUR: To determine the distribution amount for a
	2487	+	15 charter school, determine the result of:
	2488	+	16 (A) the STEP THREE amount; multiplied by
	2489	+	17 (B) the amount collected by the county auditor during the
	2490	+	18 most recent installment period.
	2491	+	19 (e) (g) If a charter school receives a distribution under this section,
	2492	+	20 the distribution may be used only for the purposes described in
	2493	+	21 IC 20-40-20-6(a).
	2494	+	22 SECTION 30. An emergency is declared for this act.
	2495	+	SB 518—LS 7334/DI 125 59
2765	2496		COMMITTEE REPORT
2766	2497		Mr. President: The Senate Committee on Tax and Fiscal Policy, to
2767	2498		which was referred Senate Bill No. 518, has had the same under
2768	2499		consideration and begs leave to report the same back to the Senate with
2769	2500		the recommendation that said bill be AMENDED as follows:
2770	2501		Page 4, line 34, delete "an applicable" and insert "a qualified".
2771	2502		Page 4, line 35, delete "the" and insert "the qualified".
2772	2503		Page 13, line 4, delete "an applicable" and insert "a qualified".
2773	2504		Page 13, line 5, delete "the" and insert "the qualified".
2774	2505		Page 18, line 9, delete "project." and insert "project. However, this
2775	2506		section does not apply to a school corporation for which less than
2776	2507		one hundred (100) students who have legal settlement in the school
2777	2508		corporation attend a charter school.".
2778	2509		Page 18, delete lines 10 through 11, begin a new paragraph and
2779	2510		insert:
2780	2511		"(b) The following definitions apply throughout this section:
2781	2512		(1) "ADM" has the meaning set forth in IC 20-18-2-2.
2782	2513		(2) "Qualified charter school" means a charter school located
2783	2514		within the attendance area of the school corporation.".
2784	2515		Page 18, line 15, delete "collected" and insert "collected to
2785	2516		qualified charter schools".
2786	2517		Page 18, line 21, delete "particular" and insert "qualified".
2787	2518		Page 18, line 23, delete "the" and insert "the qualified".
2788	2519		Page 18, line 30, delete "a" and insert "a qualified".
2789	2520		Page 18, line 38, delete "a" and insert "a qualified".
2790	2521		Page 18, line 40, delete "particular" and insert "qualified".
2791	2522		Page 19, line 2, delete "each" and insert "each qualified".
2792	2523		Page 19, line 5, delete "the" and insert "the qualified".
2793	2524		Page 19, line 10, delete "the charter school" and insert "the
2794	2525		qualified charter school".
2795	2526		Page 19, line 11, delete "the" and insert "the qualified".
2796	2527		Page 19, line 16, delete "the charter school" and insert "the
2797	2528		qualified charter school".
2798	2529		Page 19, line 17, delete "the" and insert "the qualified".
2799	2530		Page 19, line 19, delete "a" and insert "a qualified".
2800	2531		Page 19, line 23, delete "charter schools." and insert "qualified
2801	2532		charter schools.".
2802	2533		Page 19, line 26, delete "each" and insert "each qualified".
2803	2534		Page 19, line 28, delete "unless the" and insert "unless the
2804	2535		qualified".
2805	2536		Page 19, line 32, delete "which" and insert "which qualified".
2806		-	SB 518—LS 7334/DI 125 66
	2537	+	SB 518—LS 7334/DI 125 60
2807	2538		Page 19, line 36, delete "each" and insert "each qualified".
2808	2539		Page 20, line 4, delete "a" and insert "a qualified".
2809	2540		Page 20, line 8, delete "each" and insert "each qualified".
2810	2541		Page 20, line 14, delete "charter" and insert "qualified charter".
2811	2542		Page 20, line 26, delete "a" and insert "a qualified".
2812	2543		Page 20, line 30, delete "each" and insert "each qualified".
2813	2544		Page 20, line 35, delete "charter" and insert "qualified charter".
2814	2545		Page 22, line 31, delete "to an applicable" and insert "to a qualified
2815	2546		charter school (as defined in IC 6-1.1-20-13.5(b),".
2816	2547		Page 22, line 32, delete "charter school, excluding" and insert
2817	2548		"excluding".
2818	2549		Page 25, line 7, delete "amounts under the".
2819	2550		Page 33, delete lines 35 through 41.
2820	2551		Page 34, line 26, delete "and other qualifying school".
2821	2552		Page 34, line 27, delete "corporations".
2822	2553		Page 35, line 41, delete "or a particular".
2823	2554		Page 35, line 42, delete "qualifying school corporation".
2824	2555		Page 36, line 1, delete "or qualifying school corporation".
2825	2556		Page 36, line 7, after "attend" delete ":".
2826	2557		Page 36, line 8, delete "(A)".
2827	2558		Page 36, line 9, delete "or".
2828	2559		Page 36, line 10, delete "(B) another qualifying school
2829	2560		corporation;".
2830	2561		Page 36, run in lines 7 through 10.
2831	2562		Page 36, line 16, delete "or qualifying school".
2832	2563		Page 36, line 17, delete "corporation".
2833	2564		Page 36, line 19, after "high school" delete ", and" and insert ".".
2834	2565		Page 36, line 20, delete "each particular qualifying school
2835	2566		corporation.".
2836	2567		Page 36, line 39, delete "and qualifying school corporations".
2837	2568		Page 36, line 42, delete "and qualifying".
2838	2569		Page 37, line 1, delete "school corporation".
2839	2570		Page 37, line 2, delete "and qualifying school corporation".
2840	2571		Page 37, line 4, delete "and qualifying school".
2841	2572		Page 37, line 5, delete "corporation".
2842	2573		Page 37, line 16, delete "and".
2843	2574		Page 37, line 17, delete "each qualifying school corporation".
2844	2575		Page 37, line 19, delete "or qualifying school corporation".
2845	2576		Page 37, line 24, delete "or".
2846	2577		Page 37, line 25, delete "qualifying school corporation".
2847	2578		Page 37, line 29, delete "or".
2848	2579		Page 37, line 30, delete "qualifying school corporation".
2849		-	SB 518—LS 7334/DI 125 67
	2580	+	SB 518—LS 7334/DI 125 61
2850	2581		Page 37, line 32, delete "or qualifying school corporation".
2851	2582		Page 37, line 34, delete "or qualifying school corporation".
2852	2583		Page 37, line 36, strike "and".
2853	2584		Page 37, line 36, delete "qualifying school".
2854	2585		Page 37, line 37, delete "corporation".
2855	2586		Page 37, line 38, delete "and qualifying school corporation".
2856	2587		Page 37, line 42, delete "and qualifying" and insert ".".
2857	2588		Page 38, delete line 1.
2858	2589		Page 38, line 8, delete "or qualifying school".
2859	2590		Page 38, line 9, delete "corporation".
2860	2591		Page 39, line 2, delete "and qualifying".
2861	2592		Page 39, line 3, delete "school corporation".
2862	2593		Page 39, line 4, after "schools" delete "and".
2863	2594		Page 39, line 5, delete "applicable qualifying school corporations".
2864	2595		Page 39, delete lines 7 through 15.
2865	2596		Page 39, line 30, delete "corporation." and insert "corporation.
2866	2597		However, this section does not apply to a school corporation for
2867	2598		which less than one hundred (100) students who have legal
2868	2599		settlement in the school corporation attend a charter school.".
2869	2600		Page 39, line 33, delete "and to".
2870	2601		Page 39, line 34, delete "each qualifying school corporation".
2871	2602		Page 39, line 36, delete "or qualifying school corporation".
2872	2603		Page 39, line 41, reset in roman "and".
2873	2604		Page 40, line 6, after "instruction" delete ";" and insert ".".
2874	2605		Page 40, delete lines 7 through 15.
2875	2606		Page 41, line 19, delete "or a qualifying school corporation".
2876	2607		Page 41, line 20, delete "SIX or STEP SEVEN," and insert
2877	2608		"FOUR".
2878	2609		Page 41, line 21, delete "as applicable,".
2879	2610		Page 41, delete lines 31 through 38.
2880	2611		Page 41, line 39, delete "THREE:" and insert "TWO:".
2881	2612		Page 42, line 8, delete "or" and insert "and
2882	2613		(ii) receive not more than fifty percent (50%) virtual
2883	2614		instruction.".
2884	2615		Page 42, delete lines 9 through 11.
2885	2616		Page 42, line 12, delete "FOUR:" and insert "THREE:".
2886	2617		Page 42, line 15, delete "THREE" and insert "TWO".
2887	2618		Page 42, delete lines 16 through 19.
2888	2619		Page 42, line 20, delete "SIX:" and insert "FOUR:".
2889	2620		Page 42, line 22, delete "FOUR" and insert "THREE".
2890	2621		Page 42, delete lines 25 through 29.
2891	2622		Page 44, line 19, delete "corporation that:" and insert
2892		-	SB 518—LS 7334/DI 125 68
	2623	+	SB 518—LS 7334/DI 125 62
2893	2624		"corporation:".
2894	2625		Page 44, line 20, delete "is" and insert "that is".
2895	2626		Page 44, line 21, delete "or".
2896	2627		Page 44, line 22, delete "was," and insert "that was,".
2897	2628		Page 44, line 24, delete "IC 6-1.1-20.3." and insert "IC 6-1.1-20.3;
2898	2629		or
2899	2630		(3) for which less than one hundred (100) students who have
2900	2631		legal settlement in the school corporation attend a charter
2901	2632		school.".
2902	2633		Page 46, delete lines 10 through 15.
2903	2634		Page 49, line 6, after "corporation" delete ":" and insert ",".
2904	2635		Page 49, line 7, delete "(A)".
2905	2636		Page 49, line 8, delete "schools; and" and insert "schools".
2906	2637		Page 49, delete line 9.
2907	2638		Page 49, run in lines 6 through 10.
2908	2639		Page 49, delete lines 20 through 27.
2909	2640		Page 49, line 28, delete "FOUR:" and insert "THREE:".
2910	2641		Page 49, line 32, delete "and" and insert "or".
2911	2642		Page 49, line 39, delete "or" and insert "and
2912	2643		(ii) receive not more than fifty percent (50%) virtual
2913	2644		instruction.".
2914	2645		Page 49, delete lines 40 through 42.
2915	2646		Page 50, line 1, delete "FIVE:" and insert "FOUR:".
2916	2647		Page 50, line 5, delete "FOUR" and insert "THREE".
2917	2648		Page 50, delete lines 6 through 10.
2918	2649		Page 50, line 14, after "auditor" delete ":".
2919	2650		Page 50, line 15, delete "(1)".
2920	2651		Page 50, line 17, delete "FIVE" and insert "FOUR".
2921	2652		Page 50, line 18, after "(a)" delete "; and" and insert ".".
2922	2653		Page 50, run in lines 14 through 18.
2923	2654		Page 50, delete lines 19 through 22.
2924	2655		Page 50, line 34, delete "corporation that:" and insert
2925	2656		"corporation:".
2926	2657		Page 50, line 35, delete "is" and insert "that is".
2927	2658		Page 50, line 36, delete "or".
2928	2659		Page 50, line 37, delete "was," and insert "that was,".
2929	2660		Page 50, line 39, delete "IC 6-1.1-20.3." and insert "IC 6-1.1-20.3;
2930	2661		or
2931	2662		(3) for which less than one hundred (100) students who have
2932	2663		legal settlement in the school corporation attend a charter
2933	2664		school.".
2934	2665		Page 51, line 6, delete "and".
2935		-	SB 518—LS 7334/DI 125 69
	2666	+	SB 518—LS 7334/DI 125 63
2936	2667		Page 51, line 7, delete "each qualifying school corporation".
2937	2668		Page 51, line 10, delete "and each eligible qualifying school
2938	2669		corporation".
2939	2670		Page 51, line 28, delete "FIVE" and insert "FOUR".
2940	2671		Page 51, delete lines 29 through 36.
2941	2672		Page 51, line 39, delete "and an eligible qualifying school
2942	2673		corporation." and insert ".".
2943	2674		Page 51, line 41, after "charter school" delete "or a particular".
2944	2675		Page 51, line 42, delete "eligible qualifying school corporation".
2945	2676		Page 52, line 5, delete "particular:" and insert "particular eligible
2946	2677		charter school equal to:
2947	2678		(A) the result of STEP THREE of subsection (d) for the
2948	2679		eligible charter school; multiplied by
2949	2680		(B) thirty-three hundredths (0.33).".
2950	2681		Page 52, delete lines 6 through 13.
2951	2682		Page 52, line 15, delete "particular:" and insert "particular eligible
2952	2683		charter school equal to:
2953	2684		(A) the result of STEP THREE of subsection (d) for the
2954	2685		eligible charter school; multiplied by
2955	2686		(B) sixty-six hundredths (0.66).".
2956	2687		Page 52, delete lines 16 through 23.
2957	2688		Page 52, line 27, delete "corporation," and insert "corporation
2958	2689		and".
2959	2690		Page 52, line 27, after "school" delete ", and each qualifying".
2960	2691		Page 52, line 28, delete "school corporation".
2961	2692		Page 52, line 29, delete "corporation," and insert "corporation
2962	2693		and".
2963	2694		Page 52, line 29, after "charter school" delete ", and qualifying".
2964	2695		Page 52, line 30, delete "school corporation".
2965	2696		Page 53, line 1, delete "corporation," and insert "corporation and".
2966	2697		Page 53, line 1, after "school" delete ", and each qualifying".
2967	2698		Page 53, line 2, delete "school corporation".
2968	2699		Page 53, line 3, delete "corporation," and insert "corporation and".
2969	2700		Page 53, line 3, after "charter school" delete ", and qualifying
2970	2701		school".
2971	2702		Page 53, line 4, delete "corporation".
2972	2703		Page 58, line 4, delete "corporation." and insert "corporation.
2973	2704		However, this section does not apply to a school corporation for
2974	2705		which less than one hundred (100) students who have legal
2975	2706		settlement in the school corporation attend a charter school.".
2976	2707		Renumber all SECTIONS consecutively.
2977		-	SB 518—LS 7334/DI 125 70
	2708	+	SB 518—LS 7334/DI 125 64
2978	2709		and when so amended that said bill do pass.
2979	2710		(Reference is to SB 518 as introduced.)
2980	2711		HOLDMAN, Chairperson
2981	2712		Committee Vote: Yeas 10, Nays 4.
2982		-	_____
2983		-	SENATE MOTION
2984		-	Mr. President: I move that Senate Bill 518 be amended to read as
2985		-	follows:
2986		-	Page 18, line 12, delete "school." and insert "school, excluding a
2987		-	virtual charter school.".
2988		-	Page 21, between lines 16 and 17, begin a new paragraph and insert:
2989		-	"SECTION 2. IC 20-24-3-19 IS ADDED TO THE INDIANA CODE
2990		-	AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
2991		-	1, 2025]: Sec. 19. (a) This section applies to a charter school that
2992		-	receives property tax revenue under any statute referred to in
2993		-	IC 20-24-7-6.1 and IC 20-24-7-6.2
2994		-	(b) As used in this section "executive" has the meaning set forth
2995		-	in IC 36-1-2-5.
2996		-	(c) In the case of a charter school that is located within a city,
2997		-	including a consolidated city, the executive shall appoint one (1)
2998		-	individual to serve as a member of the governing board of a
2999		-	charter school.
3000		-	(d) In the case of a charter school that is located in an
3001		-	unincorporated area within a county, the county executive shall
3002		-	appoint one (1) individual to serve as a member of the governing
3003		-	board of a charter school.
3004		-	SECTION 3. IC 20-24-4-1, AS AMENDED BY P.L.150-2024,
3005		-	SECTION 13, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE
3006		-	JULY 1, 2025]: Sec. 1. (a) A charter must meet the following
3007		-	requirements:
3008		-	(1) Be a written instrument.
3009		-	(2) Be executed by an authorizer and an organizer.
3010		-	(3) Confer certain rights, franchises, privileges, and obligations
3011		-	on a charter school.
3012		-	(4) Confirm the status of a charter school as a public school.
3013		-	(5) Subject to subdivision (6)(E), be granted for:
3014		-	(A) not less than three (3) years or more than fifteen (15)
3015		-	SB 518—LS 7334/DI 125 71
3016		-	years; and
3017		-	(B) a fixed number of years agreed to by the authorizer and the
3018		-	organizer.
3019		-	(6) Provide for the following:
3020		-	(A) A review by the authorizer of the charter school's
3021		-	performance, including the progress of the charter school in
3022		-	achieving the academic goals set forth in the charter, at least
3023		-	one (1) time in each five (5) year period while the charter is in
3024		-	effect.
3025		-	(B) Renewal, if the authorizer and the organizer agree to renew
3026		-	the charter.
3027		-	(C) The renewal application must include guidance from the
3028		-	authorizer, and the guidance must include the performance
3029		-	criteria that will guide the authorizer's renewal decisions.
3030		-	(D) The renewal application process must, at a minimum,
3031		-	provide an opportunity for the charter school to:
3032		-	(i) present additional evidence, beyond the data contained in
3033		-	the performance report, supporting its case for charter
3034		-	renewal;
3035		-	(ii) describe improvements undertaken or planned for the
3036		-	charter school; and
3037		-	(iii) detail the charter school's plans for the next charter
3038		-	term.
3039		-	(E) Not later than the end of the calendar year in which the
3040		-	charter school seeks renewal of a charter, the governing board
3041		-	of a charter school seeking renewal shall submit a renewal
3042		-	application to the charter authorizer under the renewal
3043		-	application guidance issued by the authorizer. The authorizer
3044		-	shall make a final ruling on the renewal application not later
3045		-	than April 1 after the filing of the renewal application. A
3046		-	renewal granted under this clause is not subject to the three (3)
3047		-	year minimum described in subdivision (5). The April 1
3048		-	deadline does not apply to any review or appeal of a final
3049		-	ruling. After the final ruling is issued, the charter school may
3050		-	obtain further review by the authorizer of the authorizer's final
3051		-	ruling in accordance with the terms of the charter school's
3052		-	charter and the protocols of the authorizer.
3053		-	(7) Specify the grounds for the authorizer to:
3054		-	(A) revoke the charter before the end of the term for which the
3055		-	charter is granted; or
3056		-	(B) not renew a charter.
3057		-	(8) Set forth the methods by which the charter school will be held
3058		-	SB 518—LS 7334/DI 125 72
3059		-	accountable for achieving the educational mission and goals of
3060		-	the charter school, including the following:
3061		-	(A) Evidence of improvement in:
3062		-	(i) assessment measures, including the statewide assessment
3063		-	program measures;
3064		-	(ii) attendance rates;
3065		-	(iii) graduation rates (if appropriate);
3066		-	(iv) increased numbers of Indiana diplomas with a Core 40
3067		-	designation or increased numbers of Indiana diploma
3068		-	designations established under IC 20-19-2-21 and other
3069		-	college and career ready indicators including advanced
3070		-	placement participation and passage, dual credit
3071		-	participation and passage, and International Baccalaureate
3072		-	participation and passage (if appropriate);
3073		-	(v) increased numbers of Indiana diplomas with Core 40
3074		-	with academic honors and technical honors designations (if
3075		-	appropriate);
3076		-	(vi) student academic growth;
3077		-	(vii) financial performance and stability; and
3078		-	(viii) governing board performance and stewardship,
3079		-	including compliance with applicable laws, rules and
3080		-	regulations, and charter terms.
3081		-	(B) Evidence of progress toward reaching the educational
3082		-	goals set by the organizer.
3083		-	(9) Describe the method to be used to monitor the charter
3084		-	school's:
3085		-	(A) compliance with applicable law; and
3086		-	(B) performance in meeting targeted educational performance.
3087		-	(10) Specify that the authorizer and the organizer may amend the
3088		-	charter during the term of the charter by mutual consent and
3089		-	describe the process for amending the charter.
3090		-	(11) Describe specific operating requirements, including all the
3091		-	matters set forth in the application for the charter.
3092		-	(12) Specify a date when the charter school will:
3093		-	(A) begin school operations; and
3094		-	(B) have students attending the charter school.
3095		-	(13) Specify that records of a charter school relating to the
3096		-	school's operation and charter are subject to inspection and
3097		-	copying to the same extent that records of a public school are
3098		-	subject to inspection and copying under IC 5-14-3.
3099		-	(14) Specify that records provided by the charter school to the
3100		-	department or authorizer that relate to compliance by the
3101		-	SB 518—LS 7334/DI 125 73
3102		-	organizer with the terms of the charter or applicable state or
3103		-	federal laws are subject to inspection and copying in accordance
3104		-	with IC 5-14-3.
3105		-	(15) Specify that the charter school is subject to the requirements
3106		-	of IC 5-14-1.5.
3107		-	(16) This subdivision applies to a charter established or renewed
3108		-	for an adult high school after June 30, 2014. The charter must
3109		-	require:
3110		-	(A) that the school will offer flexible scheduling;
3111		-	(B) that students will not complete the majority of instruction
3112		-	of the school's curriculum online or through remote
3113		-	instruction;
3114		-	(C) that the school will offer dual credit or industry
3115		-	certification course work that aligns with career pathways as
3116		-	recommended by the Indiana career council established by
3117		-	IC 22-4.5-9-3 (expired); and
3118		-	(D) a plan:
3119		-	(i) to support successful program completion and to assist
3120		-	transition of graduates to the workforce or to a
3121		-	postsecondary education upon receiving a diploma from the
3122		-	adult high school; and
3123		-	(ii) to review individual student accomplishments and
3124		-	success after a student receives a diploma from the adult
3125		-	high school.
3126		-	(17) In the case of a charter school that is subject to
3127		-	IC 20-24-3-19, the charter must confirm that at least one (1)
3128		-	member of the governing board of the charter school will be
3129		-	appointed in accordance with IC 20-24-3-19.
3130		-	(b) A charter school shall set annual performance targets in
3131		-	conjunction with the charter school's authorizer. The annual
3132		-	performance targets shall be designed to help each school meet
3133		-	applicable federal, state, and authorizer expectations.".
3134		-	Page 21, line 38, delete "2026," and insert "2028,".
3135		-	Page 21, line 40, delete "and".
3136		-	Page 21, delete lines 41 through 42, begin a new line block indented
3137		-	and insert:
3138		-	"(2) after December 31, 2025, in the case of a tax levy imposed
3139		-	under IC 20-46-7 by the governing body of a school
3140		-	corporation; and
3141		-	(3) after December 31, 2027, in the case of a tax levy imposed
3142		-	under IC 20-46-8 by the governing body of a school
3143		-	corporation.".
3144		-	SB 518—LS 7334/DI 125 74
3145		-	Page 22, delete line 1.
3146		-	Page 22, line 2, after "In calendar year 2025," insert "2026, and
3147		-	2027,".
3148		-	Page 22, delete lines 9 through 17, begin a new paragraph and
3149		-	insert:
3150		-	"(c) This subsection applies as follows:
3151		-	(1) Beginning in calendar year 2026, and each year thereafter,
3152		-	the county auditor shall distribute money that is received as
3153		-	part of a tax levy collected under IC 20-46-7 to an eligible
3154		-	charter school, excluding a virtual charter school and adult
3155		-	high school, in the manner prescribed by IC 20-46-7-17 for
3156		-	deposit in the charter school's operations fund created under
3157		-	IC 20-40-18-1.
3158		-	(2) Beginning in calendar year 2028, and each year thereafter,
3159		-	the county auditor shall distribute money that is received as
3160		-	part of a tax levy collected under IC 20-46-8 to an eligible
3161		-	charter school, excluding a virtual charter school and adult
3162		-	high school, in the manner prescribed by IC 20-46-8-13 for
3163		-	deposit in the charter school's operations fund created under
3164		-	IC 20-40-18-1.
3165		-	The distributions shall be made at the same time that tax levy
3166		-	revenue is required to be distributed to school corporations.".
3167		-	Page 22, line 41, delete "IC 6-1.1-20-13.5(b)," and insert "IC
3168		-	6-1.1-20-13.5(b)),".
3169		-	Page 23, line 1, delete "IC 6-1.1-20-13.5." and insert "IC
3170		-	6-1.1-20-13.5. A qualified charter school (as defined in
3171		-	IC 6-1.1-20-13.5(b)) shall establish a separate account into which
3172		-	revenue received from a tax levy under IC 6-1.1-20 must be
3173		-	deposited.".
3174		-	Page 23, between lines 18 and 19, begin a new paragraph and insert:
3175		-	"SECTION 7. IC 20-24-7-17 IS ADDED TO THE INDIANA CODE
3176		-	AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY
3177		-	1, 2025]: Sec. 17. (a) This section is in addition to any other
3178		-	requirement imposed on a charter school with respect to the
3179		-	closure of a charter school, including the payment of any
3180		-	outstanding debts.
3181		-	(b) In the case of a charter school that closes after the June or
3182		-	December distribution of property tax revenue, the charter school
3183		-	shall return any property tax revenue received from a levy
3184		-	referred to in sections 6.1 and 6.2 of this chapter to the school
3185		-	corporation in which the charter school is located. A charter school
3186		-	that closes is not entitled to any future distributions of property tax
3187		-	SB 518—LS 7334/DI 125 75
3188		-	revenue from a levy referred to in sections 6.1 and 6.2 of this
3189		-	chapter.
3190		-	(c) If a charter school has outstanding debt at the time of the
3191		-	closure, the charter school must satisfy the outstanding debt in
3192		-	accordance with the following:
3193		-	(1) If the charter school owns the building but did not
3194		-	purchase the building under IC 20-26-7.1, the charter school
3195		-	must first sell the building and apply the proceeds received
3196		-	from the sale to pay off the outstanding debt.
3197		-	(2) If subdivision (1) does not apply, the charter school must
3198		-	satisfy the debt by means of any other revenue source legally
3199		-	available to the charter school.
3200		-	(d) A charter school that closes must notify the county fiscal
3201		-	body of the county in which the charter school is located of the
3202		-	closure and provide the county fiscal body with a certified copy of
3203		-	the resolution adopted by the charter school's governing body to
3204		-	close the charter school.".
3205		-	Page 39, line 16, delete "school." and insert "school, excluding a
3206		-	virtual charter school.".
3207		-	Page 43, line 26, delete "school." and insert "school, excluding a
3208		-	virtual charter school.".
3209		-	Page 45, line 15, delete "2026," and insert "2028,".
3210		-	Page 45, line 24, after "In calendar year 2025," insert "2026, and
3211		-	2027,".
3212		-	Page 47, line 38, delete "2025," and insert "2027,".
3213		-	Page 48, line 4, after "schools" insert ",".
3214		-	Page 49, line 6, delete "2025," and insert "2027,".
3215		-	Page 49, line 17, delete "school." and insert "school, excluding a
3216		-	virtual charter school.".
3217		-	Page 49, line 22, delete "calendar year 2026," and insert "calendar
3218		-	year 2028,".
3219		-	Page 49, line 23, delete "(g)," and insert "(i),".
3220		-	Page 49, line 28, delete "Subject to subsection (e)," and insert
3221		-	"Subject to subsections (e), (f), and (g),".
3222		-	Page 49, line 39, delete "May 10, 2025," and insert "January 1,
3223		-	2027,".
3224		-	Page 50, line 5, delete "applies" and insert "applies to a school
3225		-	corporation for which less than five hundred (500) students who
3226		-	have legal settlement in the school corporation attend a charter
3227		-	school and".
3228		-	Page 50, line 6, delete "2026 and 2027" and insert "2028 and 2029".
3229		-	Page 50, line 12, delete "2026," and insert "2028,".
3230		-	SB 518—LS 7334/DI 125 76
3231		-	Page 50, line 18, delete "2027," and insert "2029,".
3232		-	Page 50, line 24, delete "2028." and insert "2030.".
3233		-	Page 50, between lines 24 and 25, begin a new paragraph and insert:
3234		-	"(f) In the case of a school corporation for which at least five
3235		-	hundred (500) students but less than five thousand (5,000) students
3236		-	who have legal settlement in the school corporation attend a
3237		-	charter school, the county auditor shall make distributions
3238		-	according to the following:
3239		-	(1) For a distribution in 2028, the county auditor shall
3240		-	distribute an amount for a particular eligible charter school
3241		-	equal to:
3242		-	(A) the result of STEP THREE of subsection (d) for the
3243		-	eligible charter school; multiplied by
3244		-	(B) twenty-five hundredths (0.25).
3245		-	(2) For a distribution in 2029, the county auditor shall
3246		-	distribute an amount for a particular eligible charter school
3247		-	equal to:
3248		-	(A) the result of STEP THREE of subsection (d) for the
3249		-	eligible charter school; multiplied by
3250		-	(B) five-tenths (0.5).
3251		-	(3) For a distribution in 2030, the county auditor shall
3252		-	distribute an amount for a particular eligible charter school
3253		-	equal to:
3254		-	(A) the result of STEP THREE of subsection (d) for the
3255		-	eligible charter school; multiplied by
3256		-	(B) seventy-five hundredths (0.75).
3257		-	(4) For a distribution in 2031 and each year thereafter, the
3258		-	county auditor shall distribute an amount for a particular
3259		-	eligible charter school equal to:
3260		-	(A) the result of STEP THREE of subsection (d) for the
3261		-	eligible charter school; multiplied by
3262		-	(B) one (1).
3263		-	(g) In the case of a school corporation for which at least five
3264		-	thousand (5,000) students who have legal settlement in the school
3265		-	corporation attend a charter school, the county auditor shall make
3266		-	distributions according to the following:
3267		-	(1) For a distribution in 2028, the county auditor shall
3268		-	distribute an amount for a particular eligible charter school
3269		-	equal to:
3270		-	(A) the result of STEP THREE of subsection (d) for the
3271		-	eligible charter school; multiplied by
3272		-	(B) two-tenths (0.2).
3273		-	SB 518—LS 7334/DI 125 77
3274		-	(2) For a distribution in 2029, the county auditor shall
3275		-	distribute an amount for a particular eligible charter school
3276		-	equal to:
3277		-	(A) the result of STEP THREE of subsection (d) for the
3278		-	eligible charter school; multiplied by
3279		-	(B) four-tenths (0.4).
3280		-	(3) For a distribution in 2030, the county auditor shall
3281		-	distribute an amount for a particular eligible charter school
3282		-	equal to:
3283		-	(A) the result of STEP THREE of subsection (d) for the
3284		-	eligible charter school; multiplied by
3285		-	(B) six-tenths (0.6).
3286		-	(4) For a distribution in 2031, the county auditor shall
3287		-	distribute an amount for a particular eligible charter school
3288		-	equal to:
3289		-	(A) the result of STEP THREE of subsection (d) for the
3290		-	eligible charter school; multiplied by
3291		-	(B) eight-tenths (0.8).
3292		-	(5) For a distribution in 2032 and each year thereafter, the
3293		-	county auditor shall distribute an amount for a particular
3294		-	eligible charter school equal to:
3295		-	(A) the result of STEP THREE of subsection (d) for the
3296		-	eligible charter school; multiplied by
3297		-	(B) one (1).".
3298		-	Page 50, line 25, delete "(f)" and insert "(h)".
3299		-	Page 50, line 25, delete "2025," and insert "2027,".
3300		-	Page 50, line 30, delete "(g)" and insert "(i)".
3301		-	Page 50, line 32, delete "2025," and insert "2027,".
3302		-	Page 50, line 40, delete "(h)" and insert "(j)".
3303		-	Page 50, line 40, delete "2026," and insert "2028,".
3304		-	Page 52, line 11, delete "school." and insert "school.".
3305		-	Page 56, line 5, delete "school." and insert "school, excluding a
3306		-	virtual charter school.".
3307		-	Renumber all SECTIONS consecutively.
3308		-	(Reference is to SB 518 as printed February 12, 2025.)
3309		-	ROGERS
3310	2713		SB 518—LS 7334/DI 125