2017 Indiana Code
TITLE 20. Education
ARTICLE 40. GOVERNMENT FUNDS AND ACCOUNTS
CHAPTER 2. General Fund
20-40-2-6. Transfers from education fund to operations fund
Effective 1-1-2019.
Sec. 6. (a) Only after the transfer is authorized by the governing body in a public meeting with public notice, money in the education fund may be transferred to the operations fund to cover expenditures that are not allocated to student instruction and learning under IC 20-42.5. The amount transferred from the education fund to the operations fund shall be reported by the school corporation to the department. The transfers made during the:
(1) first six (6) months of each state fiscal year shall be reported before January 31 of the following year; and
(2) last six (6) months of each state fiscal year shall be reported before July 31 of that year.
(b) The report must include information as required by the department and in the form required by the department.
(c) The department must post the report submitted under subsection (a) on the department's Internet web site.
As added by P.L.244-2017, SEC.71.
