{"data":{"id":"us-in/ic-20-40-18-2","jurisdiction":"us-in","citation":"IC 20-40-18-2","heading":"Sources of revenue","body":"Sec. 2. (a) The operations fund shall be used to deposit the following after December 31, 2018, in the case of a school corporation:\n(1) Revenue from the school corporation's operations fund property tax levy under IC 20-46-8.\n(2) The sum of the following excise tax revenue received for deposit in the fund in the calendar year in which the school year begins:\n(A) Financial institutions excise tax (IC 6-5.5).\n(B) Motor vehicle excise taxes (IC 6-6-5).\n(C) Commercial vehicle excise taxes (IC 6-6-5.5).\n(D) Boat excise tax (IC 6-6-11).\n(E) Aircraft license excise tax (IC 6-6-6.5).\n(3) Transfers from the education fund (IC 20-40-2) or the operating referendum tax levy fund (IC 20-40-3), if any.\n(4) Allocations of local income taxes to the school corporation under IC 6-3.6-6, if any.\n(b) In the case of a charter school, the operations fund shall be used to deposit amounts distributed to the charter school under IC 20-46-8-11.2 or IC 20-46-8-12 after December 31, 2024.","path":["TITLE 20. EDUCATION","ARTICLE 40. GOVERNMENT FUNDS AND ACCOUNTS","Chapter 18. School Corporation Operations Fund"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-40-18-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"7e5a2681357d540c9444ea41b4c9f7c002530873ac4275089c829d6ef5ecfb2b","source_id":"us-in","stale":false,"prev":"us-in/ic-20-40-18-1","next":"us-in/ic-20-40-18-3"},"notice":"GroundRules: Original legal text. Not legal advice."}