IN SB0193

Authorizes school corporation governing bodies to transfer money between school funds by adopting a resolution, with the exception of transfers to or from the debt service fund

Requires school corporations to report any fund-to-fund transfers to the Indiana Department of Education within 6 months, including the purpose, funds involved, amount transferred, program impacts, and a copy of the authorizing resolution

Sets an expiration date of December 31, 2013 for the authority to make these inter-fund transfers

Amends multiple existing school fund statutes (racial balance fund, transportation fund, school bus replacement fund, capital projects fund, retirement/severance fund, repair/replacement fund, self-insurance fund, and technology fund) to add references to the new transfer authority

Effective date of July 1, 2010