Indiana § 20-42-1-9 Required transfer of revenue to state

Indiana Statutes

§ 20-42-1-9 — Required transfer of revenue to state

Indiana § 20-42-1-9

Title 20EDUCATION

Art. 42FIDUCIARY FUNDS AND ACCOUNTS

Ch. 1Administration of Common School Fund by County

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Bluebook

Ind. Code § 20-42-1-9 (2026).

Text

(a)This section does not apply to a fund entrusted to a county before November 1, 1851.

(b)Loans may not be made of the principal of the common school funds held in trust by the several counties of the state. Each county auditor and treasurer shall forward semiannually all payments made and all interest collected on any loan made before March 7, 1953, by any county from the fund, to the treasurer of state. The amount transferred to the treasurer of state must be held under IC 20-49-3. [Pre-2006 Recodification Citation: 21-1-10-1.]

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(a) This section does not apply to a fund
entrusted to a county before November 1, 1851.
(b) Loans may not be made of the principal of the common school
funds held in trust by the several counties of the state. Each county
auditor and treasurer shall forward semiannually all payments made
and all interest collected on any loan made before March 7, 1953, by
any county from the fund, to the treasurer of state. The amount
transferred to the treasurer of state must be held under IC 20-49-3.
[Pre-2006 Recodification Citation: 21-1-10-1.]