Introduced Version






SENATE BILL No. 410

_____


DIGEST OF INTRODUCED BILL



Citations Affected: IC 20-40.

Synopsis: Transfers from school capital projects fund. Permits a school corporation to transfer in 2011 and 2012 an amount not to exceed 50% of its capital projects fund levy from its capital projects fund to its general fund.

Effective: July 1, 2011.





Rogers, Arnold




    January 11, 2011, read first time and referred to Committee on Appropriations.







Introduced

First Regular Session 117th General Assembly (2011)


PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2010 Regular Session of the General Assembly.

SENATE BILL No. 410



    A BILL FOR AN ACT to amend the Indiana Code concerning education.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 20-40-2-6; (11)IN0410.1.1. -->     SECTION 1. IC 20-40-2-6 IS ADDED TO THE INDIANA CODE AS A NEW SECTION TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2011]: Sec. 6. (a) The governing body of a school corporation may, in 2011 and in 2012, transfer to the fund from the school corporation's capital projects fund an amount not to exceed fifty percent (50%) of the school corporation's capital projects fund levy under IC 20-46-6 for the year of the transfer.
    (b) This section expires October 1, 2012.

SOURCE: IC 20-40-8-20; (11)IN0410.1.2. -->     SECTION 2. IC 20-40-8-20, AS AMENDED BY P.L.234-2007, SECTION 231, IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2011]: Sec. 20. Money in the fund may be transferred to another fund and used as provided by law. The laws permitting a transfer of money from the fund include the following:
        (1) IC 20-20-10-5 (implementation of technology preparation task force).
        (2) IC 20-40-11-3 (repair and replacement fund).
        (3) IC 20-40-12-6 (self-insurance fund).
        (4) IC 20-49-4-22 (advance for educational technology program).
         (5) IC 20-40-2-6 (general fund).