IC 20-25-3-11: Payments from funds of board

Sec. 11. (a) Except as provided in subsection (b), a payment made from money of the board must be made in accordance with budget appropriations.

(b) If a payment is from a fund of the board that is not subject to budgeting and appropriation but has been transferred to the board for specific purposes, the payment must be made:

(1) in accordance with the terms of the fund being drawn upon that are made available to the board; and

(2) after the superintendent has approved the proposed payment.

(c) Not later than thirty (30) days after a payment under subsection (b) is made from a fund of the board, the superintendent shall report the payment to the board for approval.