Ind. Code § 20-49-5-5

Current through P.L. 171-2024

Section 20-49-5-5 - Reimbursement of interest; notice between school corporations

A school corporation receiving an advance shall notify the school corporation or state comptroller from which the school corporation receives transfer tuition under IC 20-26-11 for students described in IC 20-26-11-8(a) or IC 20-26-11-8(b) of the amount of interest withheld under section 4 of this chapter. The school corporation or state comptroller shall reimburse the school corporation for the interest expense at the same time the transfer tuition is paid.

IC 20-49-5-5

Pre-2006 Recodification Citation: 21-1-5.1-4.

Amended by P.L. 9-2024,SEC. 409, eff. 7/1/2024.

Amended by P.L. 160-2012, SEC. 55, eff. 7/1/2012.

Amended by P.L. 65-2012, SEC. 5, eff. 7/1/2012.

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