Indiana § 20-40-9-8 Uses; lease rentals; prohibition on lease payments from the education
fund

Indiana Statutes

§ 20-40-9-8 — Uses; lease rentals; prohibition on lease payments from the education fund

Indiana § 20-40-9-8

Title 20EDUCATION

Art. 40GOVERNMENT FUNDS AND ACCOUNTS

Ch. 9Debt Service Fund

This text of Indiana § 20-40-9-8 (Uses; lease rentals; prohibition on lease payments from the education fund) 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 § 20-40-9-8 (2026).

Text

(a)Lease rental obligations on account of leases entered into under IC 21-5-11 (before its repeal), IC 20-47-2, IC 21-5-12 (before its repeal), or IC 20-47-3 may be paid by a school corporation from the debt service fund.

(b)Payments described in subsection (a) must be provided for in the annual budget for the fund from which the payment is made.

(c)The payment of lease rental obligations from the education fund is prohibited. [Pre-2006 Recodification Citation: 21-5-8-1.]

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(a) Lease rental obligations on account of
leases entered into under IC 21-5-11 (before its repeal), IC 20-47-2, IC 21-5-12 (before its repeal), or IC 20-47-3 may be paid by a school
corporation from the debt service fund.
(b) Payments described in subsection (a) must be provided for in the
annual budget for the fund from which the payment is made.
(c) The payment of lease rental obligations from the education fund
is prohibited.
[Pre-2006 Recodification Citation: 21-5-8-1.]