Sec. 7. (a) On January 1, 2019, the balance, as of December 31, 2018, in the school corporation's general fund shall be transferred to the education fund.
(b) Before March 1, 2019, the governing body of a school corporation may transfer to the school corporation's operations fund, from the amounts transferred from the school corporation's general fund under subsection (a), any amounts that are not allocated to student instruction and learning under IC 20-42.5. A school corporation may make a transfer under this section only after complying with section 6 of this chapter, including the requirements for public notice and a public hearing.
As added by P.L.244-2017, SEC.72.
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