GroundRules
IC 20-42-1-11: Minimum balance; loans; maximum term
Where this section sits in the code
- TITLE 20. EDUCATION
- ARTICLE 42. FIDUCIARY FUNDS AND ACCOUNTS
- Chapter 1. Administration of Common School Fund by County
Sec. 11. In a county where the total amount in the:
(1) fund; or
(2) congressional township school fund;
accumulates to the amount of at least one thousand dollars ($1,000), a county may borrow and use the funds or any part of the funds for any lawful purpose for a period not exceeding five (5) years.
Collected 2026-08-01T01:34:30Z. Source file · JSON