§ 5-11-1-31 — Examination of school corporations; revenue spending plans

Indiana § 5-11-1-31

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 11: ACCOUNTING FOR PUBLIC FUNDS
• Ch. 1: State Board of Accounts Created

Text

An examination of a school corporation
conducted under section 24.4, 25(d), or 30 of this chapter and a
financial report prepared in accordance with IC 5-1-11.5-3 must
include an examination of:
(1) any revenue spending plans adopted under IC 20-46-1-8 or IC 20-46-9-6 for:
(A) an operating referendum tax levy approved by the voters of
the school corporation under IC 20-46-1; or
(B) a school safety referendum tax levy approved by the voters
of the school corporation under IC 20-46-9; and
(2) the operating referendum tax levy fund or school safety
referendum tax levy fund of the school corporation, whichever is
applicable;
to determine whether the school corporation is using the revenue
collected from the operating referendum tax levy or school safety
referendum tax levy in the amounts and for the purposes established in
the applicable revenue spending plan.

Legislative History

As added by P.L.136-2021, SEC.1.