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Chapter 1. Administration of Common School Fund by County
20-42-1-1. Application - Sec. 1. This chapter applies to a county that has...
20-42-1-2. "Fund" - Sec. 2. As used in this chapter, "fund" refers to...
20-42-1-3. Sources of Fund - Sec. 3. The funds that: (1) before March 6, 1865,...
20-42-1-4. Prohibition on Reducing Principal of Fund - Sec. 4. Subject to sections 5, 6 and 9 of...
20-42-1-5. Transfer of Fund Balance to Debt Service Fund and to the Operations Fund - Sec. 5. Any balance remaining in a fund shall be...
20-42-1-6. Transfer of Custody of Fund Balance to State - Sec. 6. (a) A county council may adopt a resolution...
20-42-1-7. County Liability for Fund - Sec. 7. A county shall be held liable for the:...
20-42-1-8. Deposit of Interest in Fund - Sec. 8. The payment of annual interest must be full...
20-42-1-9. Required Transfer of Revenue to State - Sec. 9. (a) This section does not apply to a...
20-42-1-10. Loans; Required Interest Rate - Sec. 10. Subject to section 9 of this chapter, the:...
20-42-1-11. Minimum Balance; Loans; Maximum Term - Sec. 11. In a county where the total amount in...
20-42-1-12. Form of Loan Agreement - Sec. 12. (a) If a county council borrows funds under...
20-42-1-13. Distribution of Loaned Amount From Fund - Sec. 13. After the obligation is deposited with the county...
20-42-1-14. Investments - Sec. 14. (a) If the funds remain in the county...
20-42-1-15. Receipts for Payment of Principal or Interest on Loan - Sec. 15. (a) All payments of principal or interest must...
Chapter 2. County Administration of Congressional Township School Fund
20-42-2-1. Application - Sec. 1. This chapter applies to a county that has...
20-42-2-2. "Fund" - Sec. 2. As used in this chapter, "fund" refers to...
20-42-2-3. Sources of Fund - Sec. 3. The fund derived from the sale of congressional...
20-42-2-4. Prohibition on Reducing Principal of Fund - Sec. 4. The fund shall never be diminished in amount....
20-42-2-4.5. Transfer of Custody of Fund Balance to State - Sec. 4.5. (a) A county council may adopt a resolution...
20-42-2-5. County Liability for Fund - Sec. 5. A county shall be held liable for the:...
20-42-2-6. Deposit of Interest in Fund - Sec. 6. The payment of annual interest must be full...
20-42-2-7. Annual Distribution of Balance to School Corporations - Sec. 7. The county auditor of each county or the...
20-42-2-8. Report to Secretary of Education - Sec. 8. The county auditor or treasurer of state shall...
20-42-2-9. Distributions Proportional to Balance Deposited in Fund From Township - Sec. 9. The income of the fund belonging to any...
20-42-2-10. Loans; Required Interest Rate - Sec. 10. The: (1) principal belonging to the fund; and...
20-42-2-11. Minimum Balance; Loans; Maximum Term - Sec. 11. In a county where the total amount in...
20-42-2-12. Form of Loan Agreement - Sec. 12. (a) If a county council borrows funds under...
20-42-2-13. Distribution of Loaned Amount From Fund - Sec. 13. After the obligation is deposited with the county...
20-42-2-14. Investments - Sec. 14. (a) If the funds remain in the county...
20-42-2-15. Receipts for Payment of Principal or Interest on Loan - Sec. 15. All payments of principal or interest must be...
Chapter 3. Seminary Township School Fund
20-42-3-1. Application - Sec. 1. This chapter applies in a county that has...
20-42-3-2. "Account" - Sec. 2. As used in this chapter, "account" refers to...
20-42-3-3. "Fund" - Sec. 3. As used in this chapter, "fund" refers to...
20-42-3-4. "Seminary Land" - Sec. 4. As used in this chapter, "seminary land" means...
20-42-3-5. Establishment of Fund - Sec. 5. There is established in any township containing seminary...
20-42-3-6. Source of Fund Balance - Sec. 6. The fund consists of all money received before...
20-42-3-7. Administrator - Sec. 7. The administrator of the fund is the trustee...
20-42-3-8. Deposit; Public Depository - Sec. 8. (a) The fund shall be deposited in a...
20-42-3-9. Distribution of Revenue; School Corporations - Sec. 9. (a) Both: (1) sixty percent (60%) of the...
20-42-3-10. Uses; Educational Purposes - Sec. 10. The trustee, with the advice and consent of...
20-42-3-11. Bond - Sec. 11. The bond required by law for the trustee...
20-42-3-12. Audit - Sec. 12. All funds and accounts provided in this chapter...
20-42-3-13. Duty to Maintain Seminary Lands - Sec. 13. All expenditures and payments made under this chapter...
Chapter 4. Funding of Retirement or Severance Plan
20-42-4-1. Application - Sec. 1. This chapter applies to a school corporation that:...
20-42-4-2. Actuarial Funding Requirement; Separate Accounting - Sec. 2. (a) A school corporation must fund on an...