Terms Used In Indiana Code 20-44-3-5

  • 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 levy excess fund established under IC 20-40-10-2. See Indiana Code 20-44-3-1
   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.