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2021 Indiana Code
Title 20. Education
Article 49. State Management of Common School Funds; State Advances and Loans
Chapter 2. Administration of Veterans Memorial School Construction Fund; School Disaster Loan Fund
20-49-2-17. Transfer Between Funds; Amount of Advancements
Universal Citation: IN Code § 20-49-2-17 (2021)
Sec. 17. (a) The auditor of state shall on December 31 and June 30 of each year transfer from the veterans memorial school construction fund to the state general fund the total amount of money advanced by the state board from the state general fund to school corporations under this chapter.
(b) The auditor of state shall at the time of a distribution of state tuition support transfer to the veterans memorial school construction fund an amount equal to the amount withheld from the distribution to school corporations that have received advancements under this chapter.
[Pre-2006 Recodification Citations: subsection (a) formerly 21-1-11-9(a); subsection (b) formerly 21-1-11-9(c).]
As added by P.L.2-2006, SEC.172.
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