Sec. 4. Except as provided in IC 36-1-8-5.1 (school corporation rainy day fund), the education fund shall be used only to pay for expenses allocated to student instruction and learning under IC 20-42.5. The fund may not be used to pay directly any expenses that are not allocated to student instruction and learning under IC 20-42.5 or expenses permitted to be paid from the school corporation's operations fund.
[Pre-2006 Recodification Citation: 21-2-11-4(a) part.]
As added by P.L.2-2006, SEC.163. Amended by P.L.145-2012, SEC.24; P.L.257-2013, SEC.36; P.L.244-2017, SEC.69; P.L.140-2018, SEC.12.
Structure Indiana Code
Article 40. Government Funds and Accounts
20-40-2-0.3. "Education Fund Transfer Target Percentage"
20-40-2-0.5. "Excessive Education Fund Transfer List"
20-40-2-2. Establishment of Education Fund
20-40-2-3. Source of Fund Balances; Required Use of Fund
20-40-2-4. Education Fund; Limited to Student Instruction and Learning
20-40-2-5. Payment of Athletic Coaches
20-40-2-7. Transfers to Closeout General Fund
20-40-2-8. Technical Assistance for School Corporations on Excessive Education Fund Transfer List
20-40-2-9. Excessive Education Fund Transfer List Notice; Receipt of Notice
20-40-2-10. Explanatory Documentation; Presentation; Official Recommendation