Ind. Code § 20-40-10-1 "Fund"
Sec. 1. As used in this chapter, "fund" refers to a levy excess fund established under section 2 of this chapter.
[2006 Recodification Citation: New.]
As added by P.L.2-2006, SEC.163.
Ind. Code ch. 20-40-10
Ind. Code ch. 20-40-10
in effectInd. Code § 20-40-10-2 Establishment of fund
Sec. 2. Each corporation shall establish a levy excess fund for purposes of IC 20-44-3.
[Pre-2006 Recodification Citation: 6-1.1-19-1.7(b) part.]
As added by P.L.2-2006, SEC.163.
Ind. Code § 20-40-10-3 Investments
Sec. 3. The chief fiscal officer of a school corporation may invest money in the school corporation's fund in the same manner in which money in the school corporation's education fund or operations fund may be invested. However, any income derived from investment of the money shall be deposited in and becomes a part of the fund.
[Pre-2006 Recodification Citation: 6-1.1-19-1.7(c).]
As added by P.L.2-2006, SEC.163. Amended by P.L.238-2019, SEC.11.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/20Fetched: 10/17/2026