§ 20-42-1-3 — Sources of fund

Indiana § 20-42-1-3

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 42: FIDUCIARY FUNDS AND ACCOUNTS
• Ch. 1: Administration of Common School Fund by County

Text

The funds that:
(1) before March 6, 1865, were:
(A) known and designated as the surplus revenue funds;
(B) appropriated to common schools;
(C) known and designated as the saline fund;
(D) known and designated as the bank-tax fund;
(E) derived from the sale of county seminaries and property
belonging to county seminaries or after March 5, 1865, are
derived from the sale of county seminaries and property
belonging to county seminaries; or
(F) money and property held for county seminaries;
(2) are derived from fines assessed for breaches of the penal laws
of the state;
(3) are derived from forfeitures that accrue;
(4) are derived from lands and other estate that escheat to the state
for want of heirs or kindred entitled to the inheritance of the lands
or other estate;
(5) are derived from lands that:
(A) were granted before March 6, 1865; or
(B) are granted after March 5, 1865;
to the state, if no special object is expressed in the grant;
(6) are derived from the proceeds of the sales of the swamp lands
granted to the state of Indiana by the act of Congress of
September 1850;
(7) are derived from the taxes that are assessed periodically upon
the property of corporations for common school purposes; and
(8) are derived from the one hundred and fourteenth section of the
charter of the state bank of Indiana;
constitute the common school fund.
[Pre-2006 Recodification Citation: 21-1-1-1 part.]

Legislative History

As added by P.L.2-2006, SEC.165.