Indiana Code 20-40-10-3. Investments
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Terms Used In Indiana Code 20-40-10-3
- 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.
- fund: refers to a levy excess fund established under section 2 of this chapter. See Indiana Code 20-40-10-1
Sec. 3. The chief fiscal officer of a school corporation may invest money in the school corporation’s fund in the same manner in which money in the school corporation’s education fund or operations fund may be invested. However, any income derived from investment of the money shall be deposited in and becomes a part of the fund.
[Pre-2006 Recodification Citation: 6-1.1-19-1.7(c).]
As added by P.L.2-2006, SEC.163. Amended by P.L.238-2019, SEC.11.