Indiana Statutes
§ 20-40-18-4 — Investment of balances; transfer to school rainy day fund
Indiana § 20-40-18-4
JurisdictionIndiana
Title 20EDUCATION
Art. 40GOVERNMENT FUNDS AND ACCOUNTS
Ch. 18School Corporation Operations Fund
This text of Indiana § 20-40-18-4 (Investment of balances; transfer to school rainy day fund) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 20-40-18-4 (2026).
Text
(a)Any balance in the operations fund may
be invested in the manner provided for investment of money by a
political subdivision. The net proceeds from the investment become a
part of the operations fund.
(b)Any balance, or a part of the balance, remaining in the
operations fund at the end of a year may be:
(1)retained in the operations fund; or
(2)transferred to the school corporation's rainy day fund.
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Legislative History
As added by P.L.244-2017, SEC.86. Amended by P.L.140-2018,
SEC.15.
Nearby Sections
15
§ 20-17-1-1
"Prior law"§ 20-17-1-2
Purpose of recodification§ 20-17-1-3
Statutory construction of recodification§ 20-17-1-4
Effect of recodification§ 20-17-1-5
Recodification of prior law§ 20-17-1-6
References to repealed statutes§ 20-17-1-7
References to citations§ 20-17-1-8
References to prior rules§ 20-17-1-9
References to prior law§ 20-17-2-1
"Prior law"§ 20-17-2-2
Purpose of recodification§ 20-17-2-3
Statutory construction of recodification§ 20-17-2-4
Effect of recodification§ 20-17-2-5
Recodification of prior law§ 20-17-2-6
References to repealed statutesCite This Page — Counsel Stack
Bluebook (online)
Indiana § 20-40-18-4, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/20-40-18-4.