IN SB0086

Five-year moratorium on new charter school authorizations begins July 1, 2026, prohibiting authorizers from granting charters to establish new charter schools in Indiana until July 1, 2031

Removes the Indiana Charter School Board, state educational institutions, and nonprofit college/university governing boards from the definition of authorized charter school authorizers after June 30, 2026

Reduces maximum charter school contract terms from 15 years to 5 years for charters granted after June 30, 2026

Requires charter schools established or renewed after June 30, 2026 to provide transportation services to all students residing within their district if they receive property tax funding

Eliminates mandatory property tax revenue sharing between school corporations and charter schools by repealing IC 20-24-7-6.1 and IC 20-46-8-11.2, while exempting school corporations subject to certain property tax sharing requirements from the "dollar law" building sale restrictions