Indiana § 20-40-2-2 Establishment of education fund

Indiana Statutes

§ 20-40-2-2 — Establishment of education fund

Indiana § 20-40-2-2

Title 20EDUCATION

Art. 40GOVERNMENT FUNDS AND ACCOUNTS

Ch. 2Education Fund

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Bluebook

Ind. Code § 20-40-2-2 (2026).

Text

(a)The governing body of each school corporation shall establish an education fund for the payment of expenses that are allocated to student instruction and learning under IC 20-42.5.

(b)The governing body of a charter school that receives a distribution of revenue received from a tax levy under IC 20-46-8-11.2 or IC 20-46-8-12 shall establish an education fund for the payment of expenses that are allocated to student instruction and learning under IC 20-42.5. [Pre-2006 Recodification Citation: 21-2-11-2 part.]

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(a) The governing body of each school
corporation shall establish an education fund for the payment of
expenses that are allocated to student instruction and learning under IC 20-42.5.
(b) The governing body of a charter school that receives a
distribution of revenue received from a tax levy under IC 20-46-8-11.2
or IC 20-46-8-12 shall establish an education fund for the payment of
expenses that are allocated to student instruction and learning under IC 20-42.5.
[Pre-2006 Recodification Citation: 21-2-11-2 part.]