Ind. Code § 5-11-1-31

Current through P.L. 171-2024

Section 5-11-1-31 - Examination of school corporations; revenue spending plans

An examination of a school corporation conducted under section 24.4, 25(d), or 30 of this chapter and a financial report prepared in accordance with IC 5-1-11.5-3 must include an examination of:

(1) any revenue spending plans adopted under IC 20-46-1-8 or IC 20-46-9-6 for:

(A) an operating referendum tax levy approved by the voters of the school corporation under IC 20-46-1; or

(B) a school safety referendum tax levy approved by the voters of the school corporation under IC 20-46-9; and

(2) the operating referendum tax levy fund or school safety referendum tax levy fund of the school corporation, whichever is applicable;

to determine whether the school corporation is using the revenue collected from the operating referendum tax levy or school safety referendum tax levy in the amounts and for the purposes established in the applicable revenue spending plan.

IC 5-11-1-31

Added by P.L. 136-2021,SEC. 1, eff. 7/1/2021.