Indiana Code 20-25-3-13. Appropriations by board
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Sec. 13. (a) Money may not be drawn from the treasury of the board except for appropriations made:
(2) upon an aye and nay vote recorded in the board’s minutes.
(1) by the board; and
Terms Used In Indiana Code 20-25-3-13
- 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
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(b) An appropriation may not be made for a period extending beyond December 31 of the current calendar year.
(c) Except as otherwise provided in this article, at the end of a fiscal year, all unexpended balances of all appropriations remain in the fund from which the appropriation was made and do not revert to any other fund.
(d) Education fund and operations fund money that has been obligated but not paid at the end of a fiscal year may be paid without a new appropriation.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-3-11-11.]
As added by P.L.1-2005, SEC.9. Amended by P.L.244-2017, SEC.33.