Sec. 8. (a) A governing body shall pay contractual obligations under this chapter. However, a contract is not valid unless the governing body has made an appropriation from the school corporation‘s general fund (before January 1, 2019) or the school corporation’s education fund (after December 31, 2018) for the contractual obligations before making the contract.

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Terms Used In Indiana Code 20-30-15-8

  • 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
  • Contract: A legal written agreement that becomes binding when signed.
  • 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
     (b) A governing body may appropriate from the school corporation’s general fund (before January 1, 2019) or the school corporation’s operations fund (after December 31, 2018) for any one (1) year an amount equal to the total funds raised by school patrons during the year in which the appropriation is made to purchase band uniforms for high school bands sponsored by high schools located within and operated by the school corporation.

[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-10.1-8-3.]

As added by P.L.1-2005, SEC.14. Amended by P.L.244-2017, SEC.60.

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