Indiana Statutes
§ 20-40-9-10 — Limitation on payment of principal; emergency and temporary loans
(a)Except as otherwise provided by law, a
school corporation may not pay from the fund the principal of
emergency and temporary loans obtained for the benefit of any other
fund.
(b)Except as provided in IC 20-48-1-7 and IC 20-48-1-9, payment
of interest on emergency and temporary loans must be received in and
disbursed from the fund.
[Pre-2006 Recodification Citation: 21-2-4-2 part.]
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Legislative History
As added by P.L.2-2006, SEC.163.
Nearby Sections
15
§ 20-17-1-1
"Prior law"§ 20-17-1-2
Purpose of recodification§ 20-17-1-3
Statutory construction of recodification§ 20-17-1-4
Effect of recodification§ 20-17-1-5
Recodification of prior law§ 20-17-1-6
References to repealed statutes§ 20-17-1-7
References to citations§ 20-17-1-8
References to prior rules§ 20-17-1-9
References to prior law§ 20-17-2-1
"Prior law"§ 20-17-2-2
Purpose of recodification§ 20-17-2-3
Statutory construction of recodification§ 20-17-2-4
Effect of recodification§ 20-17-2-5
Recodification of prior law§ 20-17-2-6
References to repealed statutes