Indiana § 20-40-2-4 Education fund; permissible uses

Indiana Statutes

§ 20-40-2-4 — Education fund; permissible uses

Indiana § 20-40-2-4

Title 20EDUCATION

Art. 40GOVERNMENT FUNDS AND ACCOUNTS

Ch. 2Education Fund

This text of Indiana § 20-40-2-4 (Education fund; permissible uses) 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 § 20-40-2-4 (2026).

Text

Except as provided in IC 36-1-8-5.1 (school corporation rainy day fund), the education fund of the school corporation or, if applicable, a charter school, shall be used only to pay for expenses:

(1)allocated to student instruction and learning under IC 20-42.5; and

(2)related to the cost of providing curricular materials. The fund may not be used to pay directly any expenses that are not allocated to student instruction and learning under IC 20-42.5, are not expenses related to the cost of providing curricular materials, or expenses permitted to be paid from the school corporation's or charter school's operations fund. [Pre-2006 Recodification Citation: 21-2-11-4(a) part.]

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Except as provided in IC 36-1-8-5.1 (school
corporation rainy day fund), the education fund of the school
corporation or, if applicable, a charter school, shall be used only to pay
for expenses:
(1) allocated to student instruction and learning under IC 20-42.5;
and
(2) related to the cost of providing curricular materials.
The fund may not be used to pay directly any expenses that are not
allocated to student instruction and learning under IC 20-42.5, are not
expenses related to the cost of providing curricular materials, or
expenses permitted to be paid from the school corporation's or charter
school's operations fund.
[Pre-2006 Recodification Citation: 21-2-11-4(a)
part.]

Legislative History

As added by P.L.2-2006, SEC.163. Amended by P.L.145-2012, SEC.24; P.L.257-2013, SEC.36; P.L.244-2017, SEC.69; P.L.140-2018, SEC.12; P.L.201-2023, SEC.182; P.L.136-2024, SEC.45.