Indiana Statutes

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

Indiana·Title 20 EDUCATION·Art. 40 GOVERNMENT FUNDS AND ACCOUNTS·Ch. 18 School Corporation Operations Fund
(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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