Ind. Code § 20-25-12-8
Excess education fund money; permissible uses
Redline — January 1, 2018 → current.View current text →
Current — January 1, 2023
As of January 1, 2018
Note: This version of section effective until 1-1-2019. See also following version of this section, effective 1-1-2019.
Sec. 8. (a) If, as a result of a school's efforts to incur less expense than was budgeted in a fiscal year, the school has excess general fund money after the school's expenses for the fiscal year are paid in full, the school retains control of the excess.
Sec. 8. (a) If, as a result of a school's efforts to incur less expense than was budgeted in a fiscal year, the school has excess education fund money after the school's expenses for the fiscal year are paid in full, the school retains control of the excess.
(b) The school shall use excess general fund money retained under this section during the following school year for:
(b) The school shall use excess money retained under this section during the following school year for:
(1) professional development of the school's educators; and
(1) professional development of the school's educators; and
(2) other classroom instructional purposes;
(2) other classroom instructional purposes;
under the general guidelines developed by the board.
under the general guidelines developed by the board.
(c) The board may not consider a school's excess general fund money retained under this section when setting or approving the school's budget for subsequent years.
(c) The board may not consider a school's excess money retained under this section when setting or approving the school's budget for subsequent years.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.