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2021 Indiana Code
Title 6. Taxation
Article 1.1. Property Taxes
Chapter 17. Procedures for Fixing and Reviewing Budgets, Tax Rates, and Tax Levies
6-1.1-17-5.3. School Corporation Anticipated Transfer Amount
Universal Citation: IN Code § 6-1.1-17-5.3 (2021)
Sec. 5.3. A school corporation shall specify in its proposed budget the anticipated amount that will be transferred from the total revenue deposited in the school corporation's education fund to its operations fund during the next calendar year. At its public hearing to adopt a budget under this chapter, the school corporation shall acknowledge whether the school corporation's anticipated transfer amount will be more than fifteen percent (15%) of the total revenue deposited in the school corporation's education fund to its operations fund during the next calendar year.
As added by P.L.161-2019, SEC.1.
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