Ind. Code § 20-42-2-11

Current through P.L. 171-2024

Section 20-42-2-11 - Minimum balance; loans; maximum term

In a county where the total amount in the:

(1) common school fund; or

(2) fund;

accumulates to the amount of at least one thousand dollars ($1,000), a county may borrow and use the funds, or any part of the funds, for any lawful purpose for a period not exceeding five (5) years.

IC 20-42-2-11

Pre-2006 Recodification Citation: 21-1-7-3 part.

As added by P.L. 2-2006, SEC.165. Amended by P.L. 162-2006, SEC.41.