{"data":{"id":"us-in/ic-20-40-18-4","jurisdiction":"us-in","citation":"IC 20-40-18-4","heading":"Investment of balances; transfer to school rainy day fund","body":"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.\n(b) Any balance, or a part of the balance, remaining in the operations fund at the end of a year may be:\n(1) retained in the operations fund; or\n(2) transferred to the school corporation's rainy day fund.","path":["TITLE 20. EDUCATION","ARTICLE 40. GOVERNMENT FUNDS AND ACCOUNTS","Chapter 18. School Corporation Operations Fund"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-40-18-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"b63f2f9fb0c4fa0b9a0d5f55e3ef64ebf4b7115c84eaff4eaf2400dfc1231694","source_id":"us-in","stale":false,"prev":"us-in/ic-20-40-18-3","next":"us-in/ic-20-40-18-5"},"notice":"GroundRules: Original legal text. Not legal advice."}