Indiana § 20-40-2-9 Excessive education fund transfer list notice; receipt of notice

Indiana Statutes

§ 20-40-2-9 — Excessive education fund transfer list notice; receipt of notice

Indiana·Title 20 EDUCATION·Art. 40 GOVERNMENT FUNDS AND ACCOUNTS·Ch. 2 Education Fund

(a)For each school corporation included on the excessive education fund transfer list required under section 6 of this chapter, the department shall, not later than April 1 of each year, submit in both a written and an electronic format a notice to the school corporation's superintendent, school business officer, and governing body that the school corporation did not meet its education fund transfer target percentage for the previous calendar year.

(b)If a school corporation's governing body receives a notice from the department under subsection (a), the school corporation shall do all of the following:

(1)Publicly acknowledge receipt of the excessive education fund transfer list notice from the department at the governing body's next public meeting.

(2)Enter into the governing body's

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(a) For each school corporation included on the
excessive education fund transfer list required under section 6 of this
chapter, the department shall, not later than April 1 of each year,
submit in both a written and an electronic format a notice to the school
corporation's superintendent, school business officer, and governing
body that the school corporation did not meet its education fund
transfer target percentage for the previous calendar year.
(b) If a school corporation's governing body receives a notice from
the department under subsection (a), the school corporation shall do all
of the following:
(1) Publicly acknowledge receipt of the excessive education fund
transfer list notice from the department at the governing body's
next public meeting.
(2) Enter into the governing body's official minutes for that
meeting acknowledgment of the notice.
(3) Publish on the school corporation's Internet web site the
department's notice and any relevant individual reports prepared
by the department within thirty (30) days after the public meeting.

Indiana § 20-40-2-9 (Excessive education fund transfer list notice; receipt of notice) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.