Indiana Code 20-35-5-13. Fiscal accountability
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Sec. 13. A special education cooperative may:
(2) establish a separate treasury with separate accounts.
(1) be attached to a participating school corporation that has responsibility for administrative and financial controls; or
Terms Used In Indiana Code 20-35-5-13
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
If a special education cooperative is not attached to a participating school corporation, it must comply with the state board of accounts’ approved forms and rules for fiscal accountability and is subject to audit by the state board of accounts.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-1-6-20(g).]
As added by P.L.1-2005, SEC.19.