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20-40-2-1. “Fund”

Sec. 1. As used in this chapter, “fund” refers to a school corporation’s education fund established under section 2 of this chapter. [2006 Recodification Citation: New.] As added by P.L.2-2006, SEC.163. Amended by P.L.244-2017, SEC.66.

20-40-2-1. “Fund”

Sec. 1. As used in this chapter, “fund” refers to a school corporation’s education fund established under section 2 of this chapter. [2006 Recodification Citation: New.] As added by P.L.2-2006, SEC.163. Amended by P.L.244-2017, SEC.66.

20-40-2-10. Explanatory Documentation; Presentation; Official Recommendation

Sec. 10. (a) After the department completes the school corporation notice requirement under section 9 of this chapter, the department shall notify the state board, fiscal and qualitative indicators committee, and Indiana education employment relations board as soon as possible of all school corporations that received a notice stating they were on the excessive education […]

20-40-2-10. Explanatory Documentation; Presentation; Official Recommendation

Sec. 10. (a) After the department completes the school corporation notice requirement under section 9 of this chapter, the department shall notify the state board, fiscal and qualitative indicators committee, and Indiana education employment relations board as soon as possible of all school corporations that received a notice stating they were on the excessive education […]

20-40-2-2. Establishment of Education Fund

Sec. 2. The governing body of each school corporation shall establish an education fund for the payment of expenses that are allocated to student instruction and learning under IC 20-42.5. [Pre-2006 Recodification Citation: 21-2-11-2 part.] As added by P.L.2-2006, SEC.163. Amended by P.L.244-2017, SEC.67.

20-40-2-2. Establishment of Education Fund

Sec. 2. The governing body of each school corporation shall establish an education fund for the payment of expenses that are allocated to student instruction and learning under IC 20-42.5. [Pre-2006 Recodification Citation: 21-2-11-2 part.] As added by P.L.2-2006, SEC.163. Amended by P.L.244-2017, SEC.67.

20-40-2-4. Education Fund; Limited to Student Instruction and Learning

Sec. 4. Except as provided in IC 36-1-8-5.1 (school corporation rainy day fund), the education fund shall be used only to pay for expenses allocated to student instruction and learning under IC 20-42.5. The fund may not be used to pay directly any expenses that are not allocated to student instruction and learning under IC […]

20-40-2-4. Education Fund; Limited to Student Instruction and Learning

Sec. 4. Except as provided in IC 36-1-8-5.1 (school corporation rainy day fund), the education fund shall be used only to pay for expenses allocated to student instruction and learning under IC 20-42.5. The fund may not be used to pay directly any expenses that are not allocated to student instruction and learning under IC […]

20-40-2-5. Payment of Athletic Coaches

Sec. 5. Remuneration for athletic coaches, whether or not the athletic coaches are: (1) otherwise employed by the school corporation; and (2) licensed under IC 20-28-4 or IC 20-28-5; must be budgeted in the education fund and must be paid from the education fund. [Pre-2006 Recodification Citation: 21-2-11-4(b).] As added by P.L.2-2006, SEC.163. Amended by […]

20-40-2-5. Payment of Athletic Coaches

Sec. 5. Remuneration for athletic coaches, whether or not the athletic coaches are: (1) otherwise employed by the school corporation; and (2) licensed under IC 20-28-4 or IC 20-28-5; must be budgeted in the education fund and must be paid from the education fund. [Pre-2006 Recodification Citation: 21-2-11-4(b).] As added by P.L.2-2006, SEC.163. Amended by […]

20-40-2-7. Transfers to Closeout General Fund

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 […]

20-40-2-7. Transfers to Closeout General Fund

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 […]