CHICAGO - An expanded number of Indianapolis-based charter schools would be allowed to issue bonds through the Indianapolis Local Public Improvement Bond Bank under a bill winding its way through the Indiana Senate.

Under current state law, only Indianapolis charter schools that have been established by the city's mayor are eligible to borrow through the bond bank. Mayor Greg Ballard is the only mayor in the country with the direct authority to establish charter schools.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.