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2020 Indiana Code
Title 20. Education
Article 40. Government Funds and Accounts
Chapter 9. Debt Service Fund
20-40-9-8. Uses; Lease Rentals; Prohibition on Lease Payments From the Education Fund
Universal Citation: IN Code § 20-40-9-8 (2020)
Sec. 8. (a) Lease rental obligations on account of leases entered into under IC 21-5-11 (before its repeal), IC 20-47-2, IC 21-5-12 (before its repeal), or IC 20-47-3 may be paid by a school corporation from the debt service fund.
(b) Payments described in subsection (a) must be provided for in the annual budget for the fund from which the payment is made.
(c) The payment of lease rental obligations from the education fund is prohibited.
[Pre-2006 Recodification Citation: 21-5-8-1.]
As added by P.L.2-2006, SEC.163. Amended by P.L.244-2017, SEC.82.
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