Indiana Statutes

§ 20-40-10-3 — Investments

Indiana·Title 20 EDUCATION·Art. 40 GOVERNMENT FUNDS AND ACCOUNTS·Ch. 10 Levy Excess Fund
The chief fiscal officer of a school corporation may invest money in the school corporation's fund in the same manner in which money in the school corporation's education fund or operations fund may be invested. However, any income derived from investment of the money shall be deposited in and becomes a part of the fund. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(c).]

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Legislative History

As added by P.L.2-2006, SEC.163. Amended by P.L.238-2019, SEC.11.

Nearby Sections

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