GroundRules
IC 20-40-18-4: Investment of balances; transfer to school rainy day fund
Where this section sits in the code
- TITLE 20. EDUCATION
- ARTICLE 40. GOVERNMENT FUNDS AND ACCOUNTS
- Chapter 18. School Corporation Operations Fund
Sec. 4. (a) Any balance in the operations fund may be invested in the manner provided for investment of money by a political subdivision. The net proceeds from the investment become a part of the operations fund.
(b) Any balance, or a part of the balance, remaining in the operations fund at the end of a year may be:
(1) retained in the operations fund; or
(2) transferred to the school corporation's rainy day fund.
Collected 2026-08-01T01:34:30Z. Source file · JSON