LEGISLATIVE SERVICES AGENCY
OFFICE OF FISCAL AND MANAGEMENT ANALYSIS
200 W. Washington St., Suite 301
Indianapolis, IN 46204
(317) 233-0696
iga.in.gov
FISCAL IMPACT STATEMENT
LS 6640 NOTE PREPARED: Dec 23, 2020
BILL NUMBER: HB 1403 BILL AMENDED:
SUBJECT: School Corporation Referenda.
FIRST AUTHOR: Rep. Pack BILL STATUS: As Introduced
FIRST SPONSOR:
FUNDS AFFECTED: GENERAL IMPACT: Local
DEDICATED
FEDERAL
Summary of Legislation: This bill repeals provisions that provide: (1) that a school corporation may
distribute money that is received as part of a referendum tax levy to a charter school that is located in the
attendance area of the school corporation; and (2) that the resolution adopted by a school corporation to place
a referendum on the ballot must indicate whether proceeds collected from the tax levy will be used to provide
a distribution to a charter school, as well as the amount that will be distributed.
Effective Date: July 1, 2021.
Explanation of State Expenditures:
Explanation of State Revenues:
Explanation of Local Expenditures: The fiscal impact would depend on local action. This bill removes the
option for the governing body of a public school corporation to distribute to a charter school any money
received from either a tax levy collected under IC 20-46-1 or a school safety referendum tax levy. Any school
corporation currently distributing funds to a charter school in this manner would retain the full amount of
the funds, thus decreasing expenditures for that distribution.
Explanation of Local Revenues: The fiscal impact would depend on local action. Any charter school
currently receiving funds in this manner would see a decrease in revenue.
State Agencies Affected:
HB 1403 1
Local Agencies Affected: School corporations; Charter schools.
Information Sources:
Fiscal Analyst: Jason Barrett, 317-232-9809.
HB 1403 2


Statutes affected:
1. Introduced House Bill (H): 20-24-7-6, 20-40-3-5, 20-40-20-6, 20-46-1-8, 20-46-1-18, 20-46-9-6