Sec. 7. (a) Money in the fund may be used for payment of all unreimbursed costs of curricular materials for the school corporation's students who were eligible for free or reduced lunches in the previous school year.
(b) Money in the fund may not be used for payment of debt service, lease payments, or similar obligations for a controlled project that is approved by the voters in a referendum under IC 6-1.1-20.
(c) The governing body may transfer the amount levied to cover unreimbursed costs of curricular materials under this section to the curricular materials rental fund, the extracurricular account, or the education fund.
[Pre-2006 Recodification Citations: subsection (a) formerly 21-2-4-2(7); subsection (b) formerly 21-2-4-2 part.]
As added by P.L.2-2006, SEC.163. Amended by P.L.286-2013, SEC.118; P.L.244-2017, SEC.81; P.L.140-2018, SEC.14.
Structure Indiana Code
Article 40. Government Funds and Accounts
20-40-9-4. Establishment of Fund
20-40-9-5. Uses; Required Use of Fund
20-40-9-6. Uses; Payment of Debt and Lease Expenses
20-40-9-7. Use of Money; Curricular Material
20-40-9-8. Uses; Lease Rentals; Prohibition on Lease Payments From the Education Fund
20-40-9-9. Uses; Community School Corporations
20-40-9-10. Limitation on Payment of Principal; Emergency and Temporary Loans