Indiana Statutes

§ 20-49-2-5 — Limitation; total loans from fund

Indiana·Title 20 EDUCATION·Art. 49 STATE MANAGEMENT OF COMMON SCHOOL·Ch. 2 Administration of Veterans Memorial School

The state board may not order advancements under this chapter during any fiscal year that in total exceed the sum of:

(1)the balance remaining in the veterans memorial school construction fund at the end of the preceding fiscal year; and
(2)all accruals and transfers to the veterans memorial school construction fund. [Pre-2006 Recodification Citation: 21-1-11-9(b).]

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Legislative History

As added by P.L.2-2006, SEC.172.

Nearby Sections

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