Indiana Statutes

§ 20-40-18-7 — Limitations on expenditures for capital projects

Indiana § 20-40-18-7
JurisdictionIndiana
Title 20EDUCATION
Art. 40GOVERNMENT FUNDS AND ACCOUNTS
Ch. 18School Corporation Operations Fund

This text of Indiana § 20-40-18-7 (Limitations on expenditures for capital projects) 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 § 20-40-18-7 (2026).

Text

(a)This section sets forth an exclusive list of the expenditures that may be made from the operations fund under section 5(1) of this chapter, as set forth in the school corporation's plan or amended plan.
(b)Subject to the expenditures that are identified in the school corporation's plan or amended plan, the operations fund shall be used for the following:
(1)Site acquisition.
(2)Site development.
(3)Building acquisition, construction, replacement, renovation, remodeling, improvement, and maintenance, including building materials and employment services described in subsection (c).
(4)Rental of real estate, buildings, facilities, and equipment. However, the fund may not be used for payments authorized under IC 20-47-2 and IC 20-47-3.
(5)To repair and replace buildings and to repair

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Legislative History

As added by P.L.244-2017, SEC.86. Amended by P.L.214-2025, SEC.198.

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Bluebook (online)
Indiana § 20-40-18-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/20-40-18-7.