reglab/housing_qa huggingface dataset:
IN Code § 20-41-1-5 (2021)
2021 Indiana Code|Title 20. Education|Article 41. Extracurricular Funds and Accounts|Chapter 1. Accounting for School Functions; Extracurricular Account|20-41-1-5. Requirement of Treasurer

Sec. 5. (a) A public school must have a treasurer for purposes of this chapter. The treasurer must be:(1) the superintendent or principal of the particular school;(2) a clerk of the school corporation; or(3) a member of the faculty appointed by the superintendent or principal.This designation must be made immediately upon the opening of the school term or the vacating of the office of treasurer. Claims shall be filed and paid under sections 7 and 8 of this chapter. The employing or appointing officials of a school may appoint and engage a school treasurer or clerk.(b) A school corporation may appoint one (1) or more assistant or deputy treasurers.(c) A treasurer is not personally liable for an act or omission occurring in connection with the performance of the duties set forth in this chapter, unless the act or omission constitutes gross negligence or an intentional disregard of the treasurer's duties.[Pre-2006 Recodification Citations: subsection (a) formerly 20-26-6-3; subsection (c) formerly 20-26-6-4(e).]As added by P.L.2-2006, SEC.164.
IN Code § 20-41-1-6 (2021)
2021 Indiana Code|Title 20. Education|Article 41. Extracurricular Funds and Accounts|Chapter 1. Accounting for School Functions; Extracurricular Account|20-41-1-6. Bond

Sec. 6. (a) The treasurer shall give a bond in an amount fixed by the superintendent and principal of the school approximating the total amount of the anticipated funds that will come into the possession of the treasurer at any one (1) time during the regular school year. Bonds shall be filed with the trustee or board of school trustees. The surety on the bonds must be a surety company authorized to do business in Indiana. However, the requirement for giving the bond and the requirement to deposit the receipts in a separate bank account, as required in section 9 of this chapter, do not apply to any school for which the funds, as estimated by the principal, will not exceed three hundred dollars ($300) during a school year.(b) The requirements of this chapter may be fulfilled by providing a comprehensive bonding instrument, including a single blanket position bond, for all extracurricular treasurers. A comprehensive bonding instrument is acceptable instead of individual separate personal position bonds.[Pre-2006 Recodification Citation: 20-26-6-5.]As added by P.L.2-2006, SEC.164.
IN Code § 20-41-1-7 (2021)
2021 Indiana Code|Title 20. Education|Article 41. Extracurricular Funds and Accounts|Chapter 1. Accounting for School Functions; Extracurricular Account|20-41-1-7. Responsibilities of Treasurer

Sec. 7. (a) The treasurer has charge of the custody and disbursement of any funds collected by a collecting authority and expended to pay expenses:(1) approved by the principal or teacher in charge of the school;(2) incurred in conducting any athletic, social, or other school function (other than functions conducted solely by any organization of parents and teachers);(3) that cost more than twenty-five dollars ($25) during the school year; and(4) that are not paid from public funds.(b) The principal or teacher in charge of the school shall designate a collecting authority to be in charge of the collection of any funds described in this section. Upon collection of any funds, the collecting authority shall deliver the funds, together with an accounting of the funds, to the custody of the school treasurer. The principal may designate different collecting authorities for each separate account of funds described in this section.[Pre-2006 Recodification Citation: 20-26-6-4(a).]As added by P.L.2-2006, SEC.164.
IN Code § 20-41-1-8 (2021)
2021 Indiana Code|Title 20. Education|Article 41. Extracurricular Funds and Accounts|Chapter 1. Accounting for School Functions; Extracurricular Account|20-41-1-8. Treasurer; Duties; Accurate Accounts; Reports

Sec. 8. (a) The treasurer shall keep an accurate account of all money received by the collecting authority and expended, showing:(1) the sources of all receipts;(2) the purposes for which the money was expended; and(3) the balance on hand.A copy of the report, together with all records and files of extracurricular activities, shall be filed as required under section 3 of this chapter.(b) However, in a school that has two (2) or more semesters in any one (1) school year, the treasurer of the school shall file a copy of the treasurer's financial report of receipts and disbursements with the township trustee, board of school trustees, or board of school commissioners not more than two (2) weeks after the close of each semester. Records and files of extracurricular activities for the entire school year shall be filed with the last financial semester report of any one (1) school year.(c) A copy of the report shall be filed with and kept by the city superintendent having jurisdiction and the county superintendent where the superintendent has jurisdiction.(d) The records under this section shall be kept for five (5) years, after which they may be destroyed.[Pre-2006 Recodification Citations: subsection (a) formerly 20-26-6-4(b); subsection (b) formerly 20-26-6-4(c); subsection (c) formerly 20-26-6-4(d) part; subsection (d) formerly 20-26-6-4(d) part.]As added by P.L.2-2006, SEC.164.
IN Code § 20-41-1-9 (2021)
2021 Indiana Code|Title 20. Education|Article 41. Extracurricular Funds and Accounts|Chapter 1. Accounting for School Functions; Extracurricular Account|20-41-1-9. Deposits and Accounts

Sec. 9. (a) The treasurer shall deposit all receipts in one (1) bank account. The receipts shall be deposited without unreasonable delay. The account is known as the school extracurricular account. The records of each organization, class, or activity shall be kept separate so that the balance in each fund may be known at all times.(b) The money in the school extracurricular account may be invested under the conditions specified in IC 5-13-10 and IC 5-13-10.5 for investment of state money. However, investments under this section are at the discretion of the principal. The interest earned from any investment may be credited to the school extracurricular account and need not be credited proportionately to each separate extracurricular fund. The interest earned from the investment may be used for any of the following:(1) A school purpose approved by the principal.(2) An extracurricular purpose approved by the principal.(c) Amounts expended under this section for the purposes described in this section are in addition to the appropriation under IC 20-26-5-4(a)(3).[Pre-2006 Recodification Citation: 20-26-6-6.]As added by P.L.2-2006, SEC.164. Amended by P.L.233-2015, SEC.294.
IN Code § 20-41-2-1 (2021)
2021 Indiana Code|Title 20. Education|Article 41. Extracurricular Funds and Accounts|Chapter 2. School Lunch and Textbook Rental Programs|20-41-2-1. Township School; Election to Use Separate School Lunch Fund or Extracurricular Account

Sec. 1. Each township trustee in operating a school lunch program may use either of the following accounting methods:(1) The township trustee may supervise and control the program through its school corporation account by establishing a school lunch fund.(2) The township trustee may have the program operated by the individual schools of the school corporation through the school corporation's extracurricular account or accounts under IC 20-41-1.[Pre-2006 Recodification Citation: 20-23-3-5.]As added by P.L.2-2006, SEC.164.
IN Code § 20-41-2-2 (2021)
2021 Indiana Code|Title 20. Education|Article 41. Extracurricular Funds and Accounts|Chapter 2. School Lunch and Textbook Rental Programs|20-41-2-2. Accounting Methods by Township Trustee for Curricular Material Rental Program

Sec. 2. Each township trustee in operating a curricular materials rental program may use either of the following accounting methods:(1) The township trustee may supervise and control the program through its school corporation account by establishing a curricular materials rental fund.(2) If curricular materials have not been purchased and financial commitments or guarantees for the purchases have not been made by the school corporation, the township trustee may have the program operated by the individual schools of the school corporation through the school corporation's extracurricular account or accounts under IC 20-41-1.[Pre-2006 Recodification Citation: 20-23-3-6.]As added by P.L.2-2006, SEC.164. Amended by P.L.286-2013, SEC.120.
IN Code § 20-41-2-3 (2021)
2021 Indiana Code|Title 20. Education|Article 41. Extracurricular Funds and Accounts|Chapter 2. School Lunch and Textbook Rental Programs|20-41-2-3. Township Schools; Expenditures Without Appropriation

Sec. 3. (a) If a school lunch fund is established under section 1 of this chapter or a curricular materials rental fund is established under section 2 of this chapter, the receipts and expenditures for each program shall be made to and from the proper fund without appropriation or the application of other laws relating to the budgets of local governmental units.(b) If either program or both programs under sections 1 and 2 of this chapter are operated through the extracurricular account, the township trustee shall approve the amount of the bond of the treasurer of the extracurricular account in an amount the township trustee considers necessary to protect the account for all funds coming into the hands of the treasurer.[Pre-2006 Recodification Citation: 20-23-3-7.]As added by P.L.2-2006, SEC.164. Amended by P.L.286-2013, SEC.121.
IN Code § 20-41-2-4 (2021)
2021 Indiana Code|Title 20. Education|Article 41. Extracurricular Funds and Accounts|Chapter 2. School Lunch and Textbook Rental Programs|20-41-2-4. School Corporations; Election to Use Separate School Lunch Fund or Extracurricular Account

Sec. 4. A governing body in operating a school lunch program under IC 20-26-5-4(a)(11) may use either of the following accounting methods:(1) It may supervise and control the program through the school corporation account, establishing a school lunch fund.(2) It may cause the program to be operated by the individual schools of the school corporation through the school corporation's extracurricular account or accounts in accordance with IC 20-41-1.[Pre-2006 Recodification Citation: 20-26-5-15.]As added by P.L.2-2006, SEC.164. Amended by P.L.233-2015, SEC.295; P.L.118-2016, SEC.17.
IN Code § 20-41-2-5 (2021)
2021 Indiana Code|Title 20. Education|Article 41. Extracurricular Funds and Accounts|Chapter 2. School Lunch and Textbook Rental Programs|20-41-2-5. Accounting Methods by Governing Body for Curricular Material Rental Program

Sec. 5. (a) A governing body in operating a curricular materials rental program under IC 20-26-5-4(a)(12) may use either of the following accounting methods:(1) The governing body may supervise and control the program through the school corporation's curricular materials rental fund or education fund.(2) If curricular materials have not been purchased and financial commitments or guarantees for the purchases have not been made by the school corporation, the governing body may cause the program to be operated by the individual schools of the school corporation through the school corporation's extracurricular account or accounts in accordance with IC 20-41-1.(b) If the governing body determines that a hardship exists due to the inability of a student's family to purchase or rent curricular materials, taking into consideration the income of the family and the demands on the family, the governing body may furnish curricular materials to the student without charge, without reference to the application of any other statute or rule except IC 20-26-1 through IC 20-26-5, IC 20-26-7, IC 20-40-12, and IC 20-48-1.[Pre-2006 Recodification Citation: 20-26-5-16.]As added by P.L.2-2006, SEC.164. Amended by P.L.286-2013, SEC.122; P.L.233-2015, SEC.296; P.L.118-2016, SEC.18; P.L.244-2017, SEC.88; P.L.140-2018, SEC.18.
IN Code § 20-41-2-6 (2021)
2021 Indiana Code|Title 20. Education|Article 41. Extracurricular Funds and Accounts|Chapter 2. School Lunch and Textbook Rental Programs|20-41-2-6. School Corporations; Expenditures Without Appropriation

Sec. 6. (a) If a school lunch fund is established under section 4 of this chapter and the school corporation's education fund is used under section 5 of this chapter, the receipts and expenditures from a fund for the program to which the fund relates shall be made to and from the appropriate fund without appropriation or the application of other statutes and rules relating to the budgets of municipal corporations.(b) If either the lunch program or the curricular materials rental program is handled through the extracurricular account, the governing body of the school corporation shall approve the amount of the bond of the treasurer of the extracurricular account in an amount the governing body considers sufficient to protect the account for all funds coming into the hands of the treasurer of the account.[Pre-2006 Recodification Citation: 20-26-5-17.]As added by P.L.2-2006, SEC.164. Amended by P.L.286-2013, SEC.123; P.L.244-2017, SEC.89.
IN Code § 20-41-2-7 (2021)
2021 Indiana Code|Title 20. Education|Article 41. Extracurricular Funds and Accounts|Chapter 2. School Lunch and Textbook Rental Programs|20-41-2-7. Indianapolis Public Schools; Application of Other Laws

Sec. 7. IC 20-25-4-19 applies to a lunch program established by a school city (as defined in IC 20-25-2-12).[2006 Recodification Citation: New.]As added by P.L.2-2006, SEC.164.
IN Code § 20-42-1-1 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 1. Administration of Common School Fund by County|20-42-1-1. Application

Sec. 1. This chapter applies to a county that has not:(1) transferred the money in the county's fund to the debt service funds of the school corporations in the county under section 5 of this chapter, IC 21-2-4-5 (before its repeal), or a predecessor law; or(2) surrendered the money in the county's fund to the treasurer of state under section 6 of this chapter, IC 21-1-3-1 (before its repeal), or a predecessor law.[2006 Recodification Citation: New.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-1-2 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 1. Administration of Common School Fund by County|20-42-1-2. "Fund"

Sec. 2. As used in this chapter, "fund" refers to a common school fund administered by a county.[2006 Recodification Citation: New.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-1-3 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 1. Administration of Common School Fund by County|20-42-1-3. Sources of Fund

Sec. 3. The funds that:(1) before March 6, 1865, were:(A) known and designated as the surplus revenue funds;(B) appropriated to common schools;(C) known and designated as the saline fund;(D) known and designated as the bank-tax fund;(E) derived from the sale of county seminaries and property belonging to county seminaries or after March 5, 1865, are derived from the sale of county seminaries and property belonging to county seminaries; or(F) money and property held for county seminaries;(2) are derived from fines assessed for breaches of the penal laws of the state;(3) are derived from forfeitures that accrue;(4) are derived from lands and other estate that escheat to the state for want of heirs or kindred entitled to the inheritance of the lands or other estate;(5) are derived from lands that:(A) were granted before March 6, 1865; or(B) are granted after March 5, 1865;to the state, if no special object is expressed in the grant;(6) are derived from the proceeds of the sales of the swamp lands granted to the state of Indiana by the act of Congress of September 1850;(7) are derived from the taxes that are assessed periodically upon the property of corporations for common school purposes; and(8) are derived from the one hundred and fourteenth section of the charter of the state bank of Indiana;constitute the common school fund.[Pre-2006 Recodification Citation: 21-1-1-1 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-1-4 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 1. Administration of Common School Fund by County|20-42-1-4. Prohibition on Reducing Principal of Fund

Sec. 4. Subject to sections 5, 6 and 9 of this chapter, the fund shall never be diminished in amount.[Pre-2006 Recodification Citation: 21-1-1-1 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-1-5 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 1. Administration of Common School Fund by County|20-42-1-5. Transfer of Fund Balance to Debt Service Fund and to the Operations Fund

Sec. 5. Any balance remaining in a fund shall be transferred to the debt service funds of the school corporations in the county. The amount transferred may be appropriated and paid to a school corporation's operations fund.[Pre-2006 Recodification Citation: 21-2-4-5 part.]As added by P.L.2-2006, SEC.165. Amended by P.L.244-2017, SEC.90.
IN Code § 20-42-1-7 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 1. Administration of Common School Fund by County|20-42-1-7. County Liability for Fund

Sec. 7. A county shall be held liable for the:(1) preservation of the part of the fund as is entrusted or has been entrusted to the county; and(2) payment of the annual interest on the fund at the rate established by law.[Pre-2006 Recodification Citation: 21-1-1-2 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-1-8 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 1. Administration of Common School Fund by County|20-42-1-8. Deposit of Interest in Fund

Sec. 8. The payment of annual interest must be full and complete every year. The payment must appear in the county auditor's report to the secretary of education. The secretary of education shall, at any time when the secretary of education discovers from the report, or otherwise, that there is a deficit in the amount collected, for want of prompt collection or otherwise, direct the attention of the board of county commissioners and the county auditor to the fact. The board of commissioners shall provide for the deficit in their respective counties.[Pre-2006 Recodification Citation: 21-1-1-2 part.]As added by P.L.2-2006, SEC.165. Amended by P.L.43-2021, SEC.127.
IN Code § 20-42-1-9 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 1. Administration of Common School Fund by County|20-42-1-9. Required Transfer of Revenue to State

Sec. 9. (a) This section does not apply to a fund entrusted to a county before November 1, 1851.(b) Loans may not be made of the principal of the common school funds held in trust by the several counties of the state. Each county auditor and treasurer shall forward semiannually all payments made and all interest collected on any loan made before March 7, 1953, by any county from the fund, to the treasurer of state. The amount transferred to the treasurer of state must be held under IC 20-49-3.[Pre-2006 Recodification Citation: 21-1-10-1.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-1-10 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 1. Administration of Common School Fund by County|20-42-1-10. Loans; Required Interest Rate

Sec. 10. Subject to section 9 of this chapter, the:(1) principal belonging to a fund; and(2) accumulations to the principal of a fund held by a county;must be loaned at four percent (4%) per annum. Loans made before June 1, 1943, with a rate of interest higher than four percent (4%) per annum must have an interest rate of four percent (4%) per annum.[Pre-2006 Recodification Citation: 21-1-7-1.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-1-11 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 1. Administration of Common School Fund by County|20-42-1-11. Minimum Balance; Loans; Maximum Term

Sec. 11. In a county where the total amount in the:(1) fund; or(2) congressional township school 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.[Pre-2006 Recodification Citation: 21-1-7-3.]As added by P.L.2-2006, SEC.165. Amended by P.L.162-2006, SEC.40.
IN Code § 20-42-1-12 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 1. Administration of Common School Fund by County|20-42-1-12. Form of Loan Agreement

Sec. 12. (a) If a county council borrows funds under this chapter, the county council shall adopt an ordinance specifying the amount of the funds to be borrowed and specify the time for which the loan will be made. The board of county commissioners shall execute to the state of Indiana for the use of the funds a written obligation, executed by the board of county commissioners and attested by the county auditor, that specifies the following:(1) The facts under which the written obligation is executed.(2) The sum of money borrowed.(3) The time when the money will be repaid to the fund by the county.(b) The obligation must be deposited with the county auditor of the county. The county auditor shall retain the obligation and record entries concerning the loans. The provisions of IC 6-1.1-20 concerning the loan to the county from the school funds apply to this section.[Pre-2006 Recodification Citation: 21-1-7-4.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-1-13 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 1. Administration of Common School Fund by County|20-42-1-13. Distribution of Loaned Amount From Fund

Sec. 13. After the obligation is deposited with the county auditor under section 12 of this chapter, the county auditor shall issue a warrant to the county treasurer, to be paid to the county for the amount of money specified in the ordinance and obligation. When the warrant is presented to the county treasurer, the treasurer shall transfer from the fund the amount contained in the warrant from the principal sum of the fund to the credit of the county revenue of the county. Funds transferred under this section become a part of the general revenue funds of the county.[Pre-2006 Recodification Citation: 21-1-7-5.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-1-14 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 1. Administration of Common School Fund by County|20-42-1-14. Investments

Sec. 14. (a) If the funds remain in the county treasury of the county for four (4) months without having been loaned under this chapter, upon the request of the county auditor, the board of county commissioners may, by an order entered of record, direct the county treasurer to invest the funds in:(1) bonds, notes, certificates, and other valid obligations of the United States; and(2) bonds, notes, debentures, and other securities issued by any federal instrumentality that are fully guaranteed by the United States.(b) If it becomes necessary to obtain the funds invested in the government bonds under subsection (a) to be able to make a loan to any borrower, whose application has been approved and granted, the treasurer shall sell, at the earliest opportunity, a sufficient amount of the government bonds to make the loan.[Pre-2006 Recodification Citation: 21-1-7-6.]As added by P.L.2-2006, SEC.165.