There is a newer version
of
this Section
2020 Indiana Code
Title 20. Education
Article 40. Government Funds and Accounts
Chapter 9. Debt Service Fund
20-40-9-10. Limitation on Payment of Principal; Emergency and Temporary Loans
Universal Citation: IN Code § 20-40-9-10 (2020)
Sec. 10. (a) Except as otherwise provided by law, a school corporation may not pay from the fund the principal of emergency and temporary loans obtained for the benefit of any other fund.
(b) Except as provided in IC 20-48-1-7 and IC 20-48-1-9, payment of interest on emergency and temporary loans must be received in and disbursed from the fund.
[Pre-2006 Recodification Citation: 21-2-4-2 part.]
As added by P.L.2-2006, SEC.163.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
