Indiana Code 20-49-2-5. Limitation; total loans from fund
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Sec. 5. The state board may not order advancements under this chapter during any fiscal year that in total exceed the sum of:
(2) all accruals and transfers to the veterans memorial school construction fund.
(1) the balance remaining in the veterans memorial school construction fund at the end of the preceding fiscal year; and
Terms Used In Indiana Code 20-49-2-5
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
[Pre-2006 Recodification Citation: 21-1-11-9(b).]
As added by P.L.2-2006, SEC.172.