Sec. 6. An amount equal to deductions made or to be made in the current year for the payment of principal and interest on an advancement from any state fund (including the common school fund and the veterans memorial school construction fund) may be included in a levy and appropriated and paid to the operations fund.
Ind. Code § 20-46-7-6
Levy; advance from state
Applied in 1 court decision — leading case Gary Community School Corp. v. Indiana Department of Local Government Finance (2014)
Most recently applied in Gary Community School Corp. v. Indiana Department of Local Government Finance (August 2014)
As added by P.L.2-2006, SEC.169
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.