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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
20-49-2-5. Limitation; Total Loans From Fund
Universal Citation: IN Code § 20-49-2-5 (2021)
Sec. 5. The state board may not order advancements under this chapter during any fiscal year that in total exceed the sum of:
(1) the balance remaining in the veterans memorial school construction fund at the end of the preceding fiscal year; and
(2) all accruals and transfers to the veterans memorial school construction fund.
[Pre-2006 Recodification Citation: 21-1-11-9(b).]
As added by P.L.2-2006, SEC.172.
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