CHAPTER 2. GENERAL FUND
IC 20-40-2
Chapter 2. General Fund
IC 20-40-2-1
"Fund"
Sec. 1. As used in this chapter, "fund" refers to a school
corporation's general fund established under section 2 of this chapter.
As added by P.L.2-2006, SEC.163.
IC 20-40-2-2
Establishment of general fund
Sec. 2. The governing body of each school corporation shall
establish a general fund for the operation and maintenance of local
schools.
As added by P.L.2-2006, SEC.163.
IC 20-40-2-3
Source of fund balances; required use of fund
Sec. 3. Except as otherwise provided by law, all receipts and
disbursements authorized by law for school funds and tax levies shall
be received in and disbursed from the fund.
As added by P.L.2-2006, SEC.163.
IC 20-40-2-4
Uses
Sec. 4. Except as provided by law, any lawful school expenses
payable from any other fund of a school corporation, including debt
service and capital outlay, but excluding costs attributable to
transportation (as defined in IC 20-40-6-1), may be budgeted in and
paid from the fund.
As added by P.L.2-2006, SEC.163.
IC 20-40-2-5
Payment of athletic coaches
Sec. 5. Remuneration for athletic coaches, whether or not the
athletic coaches are:
(1) otherwise employed by the school corporation; and
(2) licensed under IC 20-28-4 or IC 20-28-5;
may be budgeted in and paid from the fund.
As added by P.L.2-2006, SEC.163.