2011 Indiana Code
TITLE 20. EDUCATION
ARTICLE 40. GOVERNMENT FUNDS AND ACCOUNTS
CHAPTER 3. REFERENDUM TAX LEVY FUND
IC 20-40-3Chapter 3. Referendum Tax Levy Fund
IC 20-40-3-1
"Fund"
Sec. 1. As used in this chapter, "fund" refers to a referendum tax levy fund established under section 3 of this chapter.
As added by P.L.2-2006, SEC.163.
IC 20-40-3-2
"Levy"
Sec. 2. As used in this chapter, "levy" refers to a property tax levy imposed under IC 20-46-1 for the fund.
As added by P.L.2-2006, SEC.163.
IC 20-40-3-3
Establishment of fund
Sec. 3. The governing body of each school corporation for which a levy is:
(1) transferred; or
(2) approved;
under IC 20-46-1 shall establish a referendum tax levy fund.
As added by P.L.2-2006, SEC.163.
IC 20-40-3-4
Source of fund balances
Sec. 4. Property tax collections from a levy shall be deposited in the fund.
As added by P.L.2-2006, SEC.163.
IC 20-40-3-5
Uses
Sec. 5. Money in the fund may be used for any lawful school expenses.
As added by P.L.2-2006, SEC.163.
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