Sec. 8. (a) The governing bodies of participating school corporations may pay into a joint fund, known as the joint operations fund, an amount set forth in the written agreement under section 3 of this chapter. Each governing body shall budget and appropriate funds for the joint program from the school
corporation‘s operations fund in accordance with laws governing the use of the operations fund.
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Terms Used In Indiana Code 20-26-10-8
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(1) make a complete and detailed financial report of all receipts and disbursements not later than thirty (30) days after the end of each school year; and
(2) furnish copies of the report to the governing bodies of all other participating school corporations.
The reports required under this section are supplementary to and do not supersede or repeal the requirements for publication of annual reports of certain school corporations as provided by IC 5-3-1.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-11-4.]
As added by P.L.1-2005, SEC.10. Amended by P.L.2-2006, SEC.129; P.L.244-2017, SEC.49.
