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IN SB0410

Bill

Official Source

Status

Introduced

1/11/2011

Primary Sponsor

Greg Taylor

Click for details

Origin

Senate

2011 Regular Session

AI Summary

Senate Bill 410 Summary

  • Permits school corporations to transfer up to 50% of their capital projects fund levy to their general fund in 2011 and 2012.

  • Adds new section IC 20-40-2-6 authorizing the transfers from the capital projects fund under IC 20-46-6.

  • Amends IC 20-40-8-20 to add transfers to the general fund as a permissible use of capital projects fund money.

  • Effective July 1, 2011, with the new transfer authority expiring October 1, 2012.

Legislative Description

Transfers from school capital projects fund.

Last Action

Senators Breaux, Broden, Hume, Lanane, Mrvan, Randolph, Rogers, Skinner, Tallian, Taylor and R. Young added as coauthors

1/20/2011

Full Bill Text

No bill text available