Sec. 2. (a) An authorizer may not grant a charter to a for-profit entity.
(b) If an organizer has not received a determination by the Internal Revenue Service of its tax exempt status as of the date the organizer is scheduled to provide instruction to students attending the charter school, the organizer must request and receive express written authorization from the authorizer that the organizer may provide instruction to students attending the charter school pending such determination.
(c) The organizer shall immediately inform the authorizer if the organizer's tax exempt status is questioned, modified, or revoked by the Internal Revenue Service or if the organizer's nonprofit corporation status is questioned, modified, or revoked by the state.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5.5-3-2.]
As added by P.L.1-2005, SEC.8. Amended by P.L.280-2013, SEC.21; P.L.250-2017, SEC.9.
Structure Indiana Code
Chapter 3. Establishment of Charter Schools
20-24-3-1. Authorizer May Grant Charter
20-24-3-2. Authorization of Charter to Nonprofit Entities
20-24-3-2.5. Contracting With Education Service Providers
20-24-3-3. Cessation of Operation of a Charter School; Disposition of Assets and Funds
20-24-3-4. Proposal to Establish Charter School; Required Contents
20-24-3-4.5. Use of Nationally Recognized Principles and Standards for Authorizing
20-24-3-5.5. Public Hearing by Authorizer
20-24-3-6. Granting of Charter; Provision of Noncharter School Required
20-24-3-7. Revocation of Charter
20-24-3-9. Notification of Acceptance or Rejection of Proposal
20-24-3-10. Authorizer's Notification of Department; Annual Report by Department
20-24-3-11. Rejection of Proposal; Amendment or Submission to Another Authorizer; Appeal
20-24-3-14. State Educational Institution Authorizers
20-24-3-14.1. Nonprofit College and University Authorizers
20-24-3-16. Service as Organizer and Authorizer Prohibited
20-24-3-17. Assignment of School Corporation and School Identification Numbers