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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 7. (a) On January 1, 2019, the balance, as of December 31, 2018, in the school corporation's general fund shall be transferred to the education fund.
(b) Before March 1, 2019, the governing body of a school corporation may transfer to the school corporation's operations fund, from the amounts transferred from the school corporation's general fund under subsection (a), any amounts that are not allocated to student instruction and learning under IC 20-42.5 or related to the cost of providing curricular materials. A school corporation may make a transfer under this section only after complying with section 6 of this chapter, including the requirements for public notice and a public hearing.
Cite this article: FindLaw.com - Indiana Code Title 20. Education § 20-40-2-7 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-20-education/in-code-sect-20-40-2-7/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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