Indiana Code 20-45-7-29. Deposit of distribution; operations fund
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Terms Used In Indiana Code 20-45-7-29
- 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 the county school distribution fund:
Indiana Code 20-45-7-12
- qualified school corporation: means any school corporation that has under its jurisdiction any territory located in the qualified county. See Indiana Code 20-45-7-14
- tax: refers to the county supplemental school financing property tax to be levied by the county council under this chapter. See Indiana Code 20-45-7-15
Sec. 29. Receipts from the fund shall be credited by each qualified school corporation to its operations fund. The budgets of each qualified school corporation shall reflect the anticipated receipts from the tax. Appropriations shall be made from the operations fund by the qualified school corporations as other appropriations are made either in the annual budgets or by additional appropriations.
[Pre-2006 Recodification Citation: 21-2-12-7.1 part.]
As added by P.L.2-2006, SEC.168. Amended by P.L.244-2017, SEC.94.