20-44-3-1. “Fund”

Sec. 1. As used in this chapter, “fund” refers to a levy excess fund established under IC 20-40-10-2. [2006 Recodification Citation: New.] As added by P.L.2-2006, SEC.167. Amended by P.L.1-2007, SEC.153.

20-44-3-1. “Fund”

Sec. 1. As used in this chapter, “fund” refers to a levy excess fund established under IC 20-40-10-2. [2006 Recodification Citation: New.] As added by P.L.2-2006, SEC.167. Amended by P.L.1-2007, SEC.153.

20-44-3-2. “Levy Excess” Defined; Limitation

Sec. 2. As used in this chapter, “levy excess” means that part of the property tax levy actually collected by a school corporation for taxes first due and payable during a particular calendar year that exceeds the school corporation’s total levy, as approved by the department of local government finance under IC 6-1.1-17, for those […]

20-44-3-2. “Levy Excess” Defined; Limitation

Sec. 2. As used in this chapter, “levy excess” means that part of the property tax levy actually collected by a school corporation for taxes first due and payable during a particular calendar year that exceeds the school corporation’s total levy, as approved by the department of local government finance under IC 6-1.1-17, for those […]

20-44-3-3. Validity; Levy Excess

Sec. 3. A school corporation’s levy excess is valid. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(b) part.] As added by P.L.2-2006, SEC.167. Amended by P.L.146-2008, SEC.491.

20-44-3-3. Validity; Levy Excess

Sec. 3. A school corporation’s levy excess is valid. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(b) part.] As added by P.L.2-2006, SEC.167. Amended by P.L.146-2008, SEC.491.

20-44-3-4. Required Deposit of Levy Excess; Levy Excess Fund

Sec. 4. Except as provided in section 9 of this chapter, a school corporation shall deposit its levy excess in a fund to be known as the school corporation’s levy excess fund. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(b) part.] As added by P.L.2-2006, SEC.167.

20-44-3-4. Required Deposit of Levy Excess; Levy Excess Fund

Sec. 4. Except as provided in section 9 of this chapter, a school corporation shall deposit its levy excess in a fund to be known as the school corporation’s levy excess fund. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(b) part.] As added by P.L.2-2006, SEC.167.

20-44-3-5. Inclusion of Balance in Budget

Sec. 5. The department of local government finance shall require a school corporation to include the amount in the school corporation’s fund in the school corporation’s budget fixed under IC 6-1.1-17. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(d).] As added by P.L.2-2006, SEC.167.

20-44-3-5. Inclusion of Balance in Budget

Sec. 5. The department of local government finance shall require a school corporation to include the amount in the school corporation’s fund in the school corporation’s budget fixed under IC 6-1.1-17. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(d).] As added by P.L.2-2006, SEC.167.

20-44-3-6. Expenditure After Appropriation; Reduction of Maximum Levy

Sec. 6. Except as provided in section 7 of this chapter, a school corporation may not spend money in its fund until the expenditure of the money has been included in a budget that has been approved by the department of local government finance under IC 6-1.1-17. For purposes of fixing its budget and for […]

20-44-3-6. Expenditure After Appropriation; Reduction of Maximum Levy

Sec. 6. Except as provided in section 7 of this chapter, a school corporation may not spend money in its fund until the expenditure of the money has been included in a budget that has been approved by the department of local government finance under IC 6-1.1-17. For purposes of fixing its budget and for […]

20-44-3-7. Transfer Between Funds

Sec. 7. A school corporation may transfer money from its fund to its other funds to reimburse those funds for amounts withheld from the school corporation as a result of refunds paid under IC 6-1.1-26. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(f).] As added by P.L.2-2006, SEC.167.

20-44-3-7. Transfer Between Funds

Sec. 7. A school corporation may transfer money from its fund to its other funds to reimburse those funds for amounts withheld from the school corporation as a result of refunds paid under IC 6-1.1-26. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(f).] As added by P.L.2-2006, SEC.167.

20-44-3-8. Repealed

[Pre-2006 Recodification Citation: 6-1.1-19-1.7(g).] As added by P.L.2-2006, SEC.167. Repealed by P.L.233-2015, SEC.302.

20-44-3-8. Repealed

[Pre-2006 Recodification Citation: 6-1.1-19-1.7(g).] As added by P.L.2-2006, SEC.167. Repealed by P.L.233-2015, SEC.302.

20-44-3-9. Minimum Balance

Sec. 9. If the amount that would be deposited in the fund of a school corporation for a particular calendar year is less than ten thousand dollars ($10,000), no money shall be deposited in the fund of the school corporation for that year. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(h).] As added by P.L.2-2006, SEC.167. Amended by P.L.244-2017, […]

20-44-3-9. Minimum Balance

Sec. 9. If the amount that would be deposited in the fund of a school corporation for a particular calendar year is less than ten thousand dollars ($10,000), no money shall be deposited in the fund of the school corporation for that year. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(h).] As added by P.L.2-2006, SEC.167. Amended by P.L.244-2017, […]