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Indiana Code
2018 Indiana Code
TITLE 20. Education
ARTICLE 40. GOVERNMENT FUNDS AND ACCOUNTS
CHAPTER 8. Capital Projects Fund
20-40-8-12. Uses; school sports facilities
Universal Citation:
IN Code § 20-40-8-12 (2018)
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IC 20-40-8-12 Uses; school sports facilities
Note: This version of section effective until 1-1-2019. See also following repeal of this chapter, effective 1-1-2019.
Sec. 12. Money in the fund may be used to pay for the construction, repair, replacement, remodeling, or maintenance of a school sports facility. However, a school corporation's expenditures in a calendar year under this section may not exceed five percent (5%) of the property tax revenues levied for the fund in the calendar year.
[Pre-2006 Recodification Citation: 21-2-15-4(j).]
As added by P.L.2-2006, SEC.163.
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