Indiana Code 20-40-12-6. Transfers to fund
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Sec. 6. Subject to the approval of the commissioner of insurance, the governing body of the school corporation may:
(2) transfer money from the education fund or operations fund in accordance with the categories of expenditures established under IC 20-42.5-3 to the fund;
(1) transfer to the fund an amount of money in the education fund or operations fund budget in accordance with the categories of expenditures established under IC 20-42.5-3;
Terms Used In Indiana Code 20-40-12-6
- 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.
- fund: refers to a self-insurance fund established under section 4 of this chapter. See Indiana Code 20-40-12-1
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) appropriate money from the education fund or operations fund in accordance with the categories of expenditures established under IC 20-42.5-3 for the fund; or
(4) transfer money from the operations fund to the fund, to the extent that money in the operations fund may be used for property or casualty insurance.
[Pre-2006 Recodification Citation: 21-2-5.6-3.]
As added by P.L.2-2006, SEC.163. Amended by P.L.146-2008, SEC.479; P.L.238-2019, SEC.12.