Ind. Code ch. 20-40-21

in effect

Ind. Code § 20-40-21-1 "Fund"

Sec. 1. As used in this chapter, "fund" refers to a school safety referendum debt service fund established under section 2 of this chapter. As added by P.L.272-2019, SEC.9.

Ind. Code § 20-40-21-2 Requirement to create a fund if levy is approved

Sec. 2. A school safety referendum debt service fund must be created by each school corporation for which a school safety referendum tax levy was approved by the voters in a referendum under IC 20-46-9. As added by P.L.272-2019, SEC.9.

Ind. Code § 20-40-21-3 Transfer of amounts into the fund

Sec. 3. The fund consists of any amounts transferred into the fund from a school corporation's school safety referendum tax levy fund (IC 20-40-20). As added by P.L.272-2019, SEC.9.

Ind. Code § 20-40-21-4 Use of the money in the fund for debt service

Sec. 4. The fund may be used only to pay for the school corporation's debt service on bonds or obligations issued or incurred to pay for school safety referendum tax levy purposes described in IC 20-40-20-6(a). As added by P.L.272-2019, SEC.9.

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/20Fetched: 10/17/2026