GroundRules
IC 20-49-2-5: Limitation; total loans from fund
Where this section sits in the code
- TITLE 20. EDUCATION
- ARTICLE 49. STATE MANAGEMENT OF COMMON SCHOOL FUNDS; STATE ADVANCES AND LOANS
- Chapter 2. Administration of Veterans Memorial School Construction Fund; School Disaster Loan Fund
Sec. 5. 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.
Collected 2026-08-01T01:34:30Z. Source file · JSON