Sec. 7. The county auditor of each county or the treasurer of state shall, semiannually, on the second Monday of July and on the last Monday in January make apportionment of the amount of the congressional township school revenue belonging to each school corporation. The apportionment shall be paid to each school corporation's treasurer.
[Pre-2006 Recodification Citation: 21-1-1-54 part.]
As added by P.L.2-2006, SEC.165. Amended by P.L.39-2008, SEC.4.
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