Ind. Code § 20-49-2-5

Current through P.L. 171-2024

Section 20-49-2-5 - Limitation; total loans from fund

The state board may not order advancements under this chapter during any fiscal year that in total exceed the sum of:

(1) the balance remaining in the veterans memorial school construction fund at the end of the preceding fiscal year; and

(2) all accruals and transfers to the veterans memorial school construction fund.

IC 20-49-2-5

Pre-2006 Recodification Citation: 21-1-11-9(b).

As added by P.L. 2-2006, SEC.172.