Ind. Code § 20-26-7-2
Property damage; insurance proceeds
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. 2. A governing body of a school corporation may deposit insurance proceeds received as a result of damage to real or personal property in any school fund:
Sec. 2. A governing body of a school corporation shall deposit insurance proceeds received as a result of damage to real or personal property in the school corporation's operations fund.
(1) established under applicable law; and
(2) that the governing body considers appropriate.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.