Indiana Statutes

§ 20-44-3-9 — Minimum balance

Indiana·Title 20 EDUCATION·Art. 44 PROPERTY TAX LEVIES; GENERAL·Ch. 3 Application of Levy Excess to Reduce Property Taxes
If the amount that would be deposited in the fund of a school corporation for a particular calendar year is less than ten thousand dollars ($10,000), no money shall be deposited in the fund of the school corporation for that year. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(h).]

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Legislative History

As added by P.L.2-2006, SEC.167. Amended by P.L.244-2017, SEC.93.

Nearby Sections

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