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Ind. Code § 20-49-2-5

Limitation; total loans from fund

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

Sec. 5. The state board may not order advancements under this chapter during any fiscal year that in total exceed the sum of:

(1) the balance remaining in the veterans memorial school construction fund at the end of the preceding fiscal year; and

(2) all accruals and transfers to the veterans memorial school construction fund.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.