Indiana Statutes
§ 20-42-1-11 — Minimum balance; loans; maximum term
Indiana·Title 20 EDUCATION·Art. 42 FIDUCIARY FUNDS AND ACCOUNTS·Ch. 1 Administration of Common School Fund by County
In a county where the total amount in the:
(1)fund; or
(2)congressional township school fund;
accumulates to the amount of at least one thousand dollars ($1,000), a
county may borrow and use the funds or any part of the funds for any
lawful purpose for a period not exceeding five (5) years.
[Pre-2006 Recodification Citation: 21-1-7-3.]
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Legislative History
As added by P.L.2-2006, SEC.165. Amended by P.L.162-2006,
SEC.40.
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References to repealed statutes§ 20-17-1-7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References to repealed statutes