Indiana Code 20-42-1-5. Transfer of fund balance to debt service fund and to the operations fund
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Terms Used In Indiana Code 20-42-1-5
- 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 common school fund administered by a county. See Indiana Code 20-42-1-2
Sec. 5. Any balance remaining in a fund shall be transferred to the debt service funds of the school corporations in the county. The amount transferred may be appropriated and paid to a school corporation‘s operations fund.
[Pre-2006 Recodification Citation: 21-2-4-5 part.]
As added by P.L.2-2006, SEC.165. Amended by P.L.244-2017, SEC.90.