Indiana § 20-41-1-7 Responsibilities of treasurer

Indiana Statutes

§ 20-41-1-7 — Responsibilities of treasurer

Indiana § 20-41-1-7

Title 20EDUCATION

Art. 41EXTRACURRICULAR FUNDS AND ACCOUNTS

Ch. 1Accounting for School Functions; Extracurricular

This text of Indiana § 20-41-1-7 (Responsibilities of treasurer) 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 § 20-41-1-7 (2026).

Text

(a)The treasurer has charge of the custody and disbursement of any funds collected by a collecting authority and expended to pay expenses:

(1)approved by the principal or teacher in charge of the school;

(2)incurred in conducting any athletic, social, or other school function (other than functions conducted solely by any organization of parents and teachers);

(3)that cost more than twenty-five dollars ($25) during the school year; and

(4)that are not paid from public funds.

(b)The principal or teacher in charge of the school shall designate a collecting authority to be in charge of the collection of any funds described in this section. Upon collection of any funds, the collecting authority shall deliver the funds, together with an accounting of the funds, to the custody of the school

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(a) The treasurer has charge of the custody and
disbursement of any funds collected by a collecting authority and
expended to pay expenses:
(1) approved by the principal or teacher in charge of the school;
(2) incurred in conducting any athletic, social, or other school
function (other than functions conducted solely by any
organization of parents and teachers);
(3) that cost more than twenty-five dollars ($25) during the school
year; and
(4) that are not paid from public funds.
(b) The principal or teacher in charge of the school shall designate
a collecting authority to be in charge of the collection of any funds
described in this section. Upon collection of any funds, the collecting
authority shall deliver the funds, together with an accounting of the
funds, to the custody of the school treasurer. The principal may
designate different collecting authorities for each separate account of
funds described in this section.
[Pre-2006 Recodification Citation: 20-26-6-4(a).]