§ 20-26-10-8 — Joint operations fund

(a) The governing bodies of participating
school corporations may pay into a joint fund, known as the joint
operations fund, an amount set forth in the written agreement under
section 3 of this chapter. Each governing body shall budget and
appropriate funds for the joint program from the school corporation's
operations fund in accordance with laws governing the use of the
operations fund.
(b) The joint operations fund shall be held by the governing body of
the school corporation designated in the written agreement to
administer and supervise the joint program. The designated governing
body shall receive, disburse, and maintain an account for the fund in
the same manner as prescribed for other funds of the governing body
and under the written agreement but without any further or additional
appropriation of the funds. The designated governing body shall:
(1) make a complete and detailed financial report of all receipts
and disbursements not later than thirty (30) days after the end of
each school year; and
(2) furnish copies of the report to the governing bodies of all other
participating school corporations.
The reports required under this section are supplementary to and do not
supersede or repeal the requirements for publication of annual reports
of certain school corporations as provided by IC 5-3-1.
[Pre-2005 Elementary and Secondary Education
Recodification Citation: 20-5-11-4.]

Legislative History

As added by P.L.1-2005, SEC.10. Amended by P.L.2-2006, SEC.129; P.L.244-2017, SEC.49.