Sec. 4. (a) Any balance in the operations fund may be invested in the manner provided for investment of money by a political subdivision. The net proceeds from the investment become a part of the operations fund.

     (b) Any balance, or a part of the balance, remaining in the operations fund at the end of a year may be:

Terms Used In Indiana Code 20-40-18-4

  • 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.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(1) retained in the operations fund; or

(2) transferred to the school corporation‘s rainy day fund.

As added by P.L.244-2017, SEC.86. Amended by P.L.140-2018, SEC.15.

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