Sec. 5. A county shall be held liable for the:
(1) preservation of the part of the fund as is entrusted or has been entrusted to the county; and
(2) payment of the annual interest on the fund, at the rate established by law.
[Pre-2006 Recodification Citation: 21-1-1-2 part.]
As added by P.L.2-2006, SEC.165.
Structure Indiana Code
Article 42. Fiduciary Funds and Accounts
Chapter 2. County Administration of Congressional Township School Fund
20-42-2-4. Prohibition on Reducing Principal of Fund
20-42-2-4.5. Transfer of Custody of Fund Balance to State
20-42-2-5. County Liability for Fund
20-42-2-6. Deposit of Interest in Fund
20-42-2-7. Annual Distribution of Balance to School Corporations
20-42-2-8. Report to Secretary of Education
20-42-2-9. Distributions Proportional to Balance Deposited in Fund From Township
20-42-2-10. Loans; Required Interest Rate
20-42-2-11. Minimum Balance; Loans; Maximum Term
20-42-2-12. Form of Loan Agreement
20-42-2-13. Distribution of Loaned Amount From Fund
20-42-2-15. Receipts for Payment of Principal or Interest on Loan