Note: This version of section effective until 1-1-2025. See also following version of this section, effective 1-1-2025.
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Terms Used In Indiana Code 20-40-2-7
- 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 school corporation's or, if applicable, a charter school's education fund established under section 2 of this chapter. See Indiana Code 20-40-2-1
(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. 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.
As added by P.L.244-2017, SEC.72.
