§ 20-25-12-8 — Excess education fund money; permissible uses

Indiana § 20-25-12-8

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 25: INDIANAPOLIS PUBLIC SCHOOLS
• Ch. 12: School Plans for Improvement

Text

(a) If, as a result of a school's efforts to incur
less expense than was budgeted in a fiscal year, the school has excess
education fund money after the school's expenses for the fiscal year are
paid in full, the school retains control of the excess.
(b) The school shall use excess money retained under this section
during the following school year for:
(1) professional development of the school's educators; and
(2) other classroom instructional purposes;
under the general guidelines developed by the board.
(c) The board may not consider a school's excess money retained
under this section when setting or approving the school's budget for
subsequent years.
[Pre-2005 Elementary and Secondary Education
Recodification Citation: 20-3.1-9-8.]

Legislative History

As added by P.L.1-2005, SEC.9. Amended by P.L.244-2017, SEC.40.