reglab/housing_qa huggingface dataset:
IN Code § 20-42-1-15 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 1. Administration of Common School Fund by County|20-42-1-15. Receipts for Payment of Principal or Interest on Loan

Sec. 15. (a) All payments of principal or interest must be paid to the county treasurer. The:(1) county treasurer shall file a receipt with the county auditor; and(2) county auditor shall give the payor a receipt and record the payment.(b) The county auditor may accept payment of principal or interest if the county auditor can immediately transmit and pay the payment to the county treasurer.[Pre-2006 Recodification Citation: 21-1-7-13.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-2-1 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 2. County Administration of Congressional Township School Fund|20-42-2-1. Application

Sec. 1. This chapter applies to a county that has money in a fund and has not surrendered custody of the fund to the treasurer of state under section 4.5 of this chapter, or a predecessor law.[2006 Recodification Citation: New.]As added by P.L.2-2006, SEC.165. Amended by P.L.39-2008, SEC.1.
IN Code § 20-42-2-2 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 2. County Administration of Congressional Township School Fund|20-42-2-2. "Fund"

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

Sec. 3. The fund derived from the sale of congressional township school lands constitutes the congressional township school fund.[Pre-2006 Recodification Citation: 21-1-1-1 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-2-4 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 2. County Administration of Congressional Township School Fund|20-42-2-4. Prohibition on Reducing Principal of Fund

Sec. 4. 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 § 20-42-2-5 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 2. County Administration of Congressional Township School Fund|20-42-2-5. County Liability for Fund

Sec. 5. 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 § 20-42-2-6 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 2. County Administration of Congressional Township School Fund|20-42-2-6. Deposit of Interest in Fund

Sec. 6. The payment of annual interest must be full and complete every year. The payment must appear in the county auditor's or treasurer of state's report to the secretary of education. The secretary of education shall, at any time when the secretary of education discovers that there is a deficit in the amount collected, 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 the commissioners' respective counties.[Pre-2006 Recodification Citation: 21-1-1-2 part.]As added by P.L.2-2006, SEC.165. Amended by P.L.39-2008, SEC.3; P.L.43-2021, SEC.128.
IN Code § 20-42-2-7 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 2. County Administration of Congressional Township School Fund|20-42-2-7. Annual Distribution of Balance to School Corporations

Sec. 7. The county auditor of each county or the treasurer of state shall, semiannually, on the second Monday of July and on the last Monday in January make apportionment of the amount of the congressional township school revenue belonging to each school corporation. The apportionment shall be paid to each school corporation's treasurer.[Pre-2006 Recodification Citation: 21-1-1-54 part.]As added by P.L.2-2006, SEC.165. Amended by P.L.39-2008, SEC.4.
IN Code § 20-42-2-8 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 2. County Administration of Congressional Township School Fund|20-42-2-8. Report to Secretary of Education

Sec. 8. The county auditor or treasurer of state shall report the amount apportioned to the secretary of education, verified by affidavit.[Pre-2006 Recodification Citation: 21-1-1-54 part.]As added by P.L.2-2006, SEC.165. Amended by P.L.39-2008, SEC.5; P.L.43-2021, SEC.129.
IN Code § 20-42-2-9 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 2. County Administration of Congressional Township School Fund|20-42-2-9. Distributions Proportional to Balance Deposited in Fund From Township

Sec. 9. The income of the fund belonging to any congressional township or part of a congressional township may not be:(1) diminished by an apportionment; or(2) diverted or distributed to another township.[Pre-2006 Recodification Citation: 21-1-1-54 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-2-10 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 2. County Administration of Congressional Township School Fund|20-42-2-10. Loans; Required Interest Rate

Sec. 10. The:(1) principal belonging to the 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 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-2-11 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 2. County Administration of Congressional Township School Fund|20-42-2-11. Minimum Balance; Loans; Maximum Term

Sec. 11. 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.[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.
IN Code § 20-42-2-12 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 2. County Administration of Congressional Township School Fund|20-42-2-12. 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 when 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. 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 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-2-13 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 2. County Administration of Congressional Township School Fund|20-42-2-13. 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 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-2-14 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 2. County Administration of Congressional Township School Fund|20-42-2-14. 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 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-2-15 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 2. County Administration of Congressional Township School Fund|20-42-2-15. Receipts for Payment of Principal or Interest on Loan

Sec. 15. All payments of principal or interest must be paid to the county treasurer. The:(1) treasurer shall file a receipt with the county auditor; and(2) auditor shall give the payor a receipt and record the payment.The county auditor may accept payment of principal or interest if the county auditor can immediately transmit and pay the payment to the county treasurer.[Pre-2006 Recodification Citation: 21-1-7-13 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-3-1 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 3. Seminary Township School Fund|20-42-3-1. Application

Sec. 1. This chapter applies in a county that has a seminary township school fund.[2006 Recodification Citation: New.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-3-2 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 3. Seminary Township School Fund|20-42-3-2. "Account"

Sec. 2. As used in this chapter, "account" refers to the seminary lands school account established under section 8 of this chapter.[2006 Recodification Citation: New.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-3-3 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 3. Seminary Township School Fund|20-42-3-3. "Fund"

Sec. 3. As used in this chapter, "fund" refers to a seminary township school fund established under section 5 of this chapter.[2006 Recodification Citation: New.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-3-4 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 3. Seminary Township School Fund|20-42-3-4. "Seminary Land"

Sec. 4. As used in this chapter, "seminary land" means land dedicated to the inhabitants of a township by the Northwest Territory Ordinance of 1787 for educational purposes.[Pre-2006 Recodification Citation: 21-2-1-1 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-3-5 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 3. Seminary Township School Fund|20-42-3-5. Establishment of Fund

Sec. 5. There is established in any township containing seminary land a fund to be known as the seminary township school fund.[Pre-2006 Recodification Citation: 21-2-1-1 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-3-6 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 3. Seminary Township School Fund|20-42-3-6. Source of Fund Balance

Sec. 6. The fund consists of all money received before August 18, 1969, from the rental of seminary lands.[Pre-2006 Recodification Citation: 21-2-1-1 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-3-7 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 3. Seminary Township School Fund|20-42-3-7. Administrator

Sec. 7. The administrator of the fund is the trustee of the township in which the seminary lands are located.[Pre-2006 Recodification Citation: 21-2-1-1 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-3-8 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 3. Seminary Township School Fund|20-42-3-8. Deposit; Public Depository

Sec. 8. (a) The fund shall be deposited in a commercial bank or other institution authorized by law to receive public money.(b) The account into which the fund is deposited must be an interest paying account. The trustee shall annually take the interest from the fund and deposit the interest into a separate bank account known as the seminary lands school account maintained by the trustee for purposes of this chapter.(c) The trustee shall also deposit in the account:(1) forty percent (40%); or(2) two thousand five hundred dollars ($2,500);whichever is greater, each year of the annual rental received from seminary lands.[Pre-2006 Recodification Citation: 21-2-1-2 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-3-9 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 3. Seminary Township School Fund|20-42-3-9. Distribution of Revenue; School Corporations

Sec. 9. (a) Both:(1) sixty percent (60%) of the annual rental received from seminary lands; and(2) the interest received from the fund created by the proceeds from the lease or sale of seminary lands;shall be paid each year by the trustee to the school corporations in the county in which seminary lands are located.(b) The amount paid each year under this section shall be credited on a pro rata basis to the school property tax obligations of the owners of land in the township containing the seminary land. The school property tax obligation of the owners of land shall be reduced each year on a pro rata basis by the amount of the payment.[Pre-2006 Recodification Citation: 21-2-1-2 part.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-3-10 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 3. Seminary Township School Fund|20-42-3-10. Uses; Educational Purposes

Sec. 10. The trustee, with the advice and consent of the township board, shall use the account for the following educational purposes:(1) Each year the trustee shall pay, to the parent or legal guardian of any child whose residence is within the township, the initial cost for the rental of curricular materials used in any elementary or secondary school that has been accredited by the state. The reimbursement for the rental of curricular materials shall be for the initial yearly rental charge only. Curricular materials subsequently lost or destroyed may not be paid for from this account.(2) Students who are residents of the township for the last two (2) years of their secondary education and who still reside within the township are entitled to receive financial assistance in an amount not to exceed an amount determined by the trustee and the township board during an annual review of postsecondary education fees and tuition costs of education at any accredited postsecondary educational institution. Amounts to be paid to each eligible student shall be set annually after this review. The amount paid each year must be:(A) equitable for every eligible student without regard to race, religion, creed, sex, disability, or national origin; and(B) based on the number of students and the amount of funds available each year.(3) A person who has been a permanent resident of the township continuously for at least two (2) years and who needs educational assistance for job training or retraining may apply to the trustee of the township for financial assistance. The trustee and the township board shall review each application and make assistance available according to the need of each applicant and the availability of funds.(4) If all the available funds are not used in any one (1) year, the unused funds shall be retained in the account by the trustee for use in succeeding years.[Pre-2006 Recodification Citation: 21-2-1-3(a).]As added by P.L.2-2006, SEC.165. Amended by P.L.2-2007, SEC.239; P.L.234-2007, SEC.132; P.L.3-2008, SEC.121; P.L.286-2013, SEC.124.
IN Code § 20-42-3-11 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 3. Seminary Township School Fund|20-42-3-11. Bond

Sec. 11. The bond required by law for the trustee shall be increased by an amount equal to the sum of the fund and the average annual rental income from the seminary lands.[Pre-2006 Recodification Citation: 21-2-1-3(b).]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-3-12 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 3. Seminary Township School Fund|20-42-3-12. Audit

Sec. 12. All funds and accounts provided in this chapter and the accumulation of the funds and accounts shall be periodically audited and examined in the same manner provided by law for public money.[Pre-2006 Recodification Citation: 21-2-1-3(c).]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-3-13 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 3. Seminary Township School Fund|20-42-3-13. Duty to Maintain Seminary Lands

Sec. 13. All expenditures and payments made under this chapter shall be made only after necessary expenditures to protect and maintain the seminary lands in a good and safe condition are first made from the annual rental income.[Pre-2006 Recodification Citation: 21-2-1-3(d).]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-4-1 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 4. Funding of Retirement or Severance Plan|20-42-4-1. Application

Sec. 1. This chapter applies to a school corporation that:(1) after June 30, 2001, establishes a retirement or severance plan that will require the school corporation to pay postretirement or severance benefits to employees of the school corporation; or(2) includes in a collective bargaining agreement or other contract entered into after June 30, 2001, a provision to increase:(A) the benefit; or(B) the unfunded liability;under a retirement or severance provision that will require the school corporation to pay postretirement or severance benefits to employees of the school corporation.[Pre-2006 Recodification Citation: 21-2-20-1.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42-4-2 (2021)
2021 Indiana Code|Title 20. Education|Article 42. Fiduciary Funds and Accounts|Chapter 4. Funding of Retirement or Severance Plan|20-42-4-2. Actuarial Funding Requirement; Separate Accounting

Sec. 2. (a) A school corporation must fund on an actuarially sound basis the postretirement or severance benefits that will be paid to employees under a plan, an agreement, or a contract described in section 1(1) of this chapter or an increase described in section 1(2) of this chapter.(b) A school corporation must place the assets used to fund on an actuarially sound basis the postretirement or severance benefits in a separate fund or account, and the school corporation may not commingle the assets in the separate fund or account with any other assets of the school corporation.[Pre-2006 Recodification Citation: 21-2-20-2.]As added by P.L.2-2006, SEC.165.
IN Code § 20-42.5-1-1 (2021)
2021 Indiana Code|Title 20. Education|Article 42.5. Allocation of Expenditures to Student Instruction|Chapter 1. Purposes and General Provisions|20-42.5-1-1. Purposes of Article

Sec. 1. This article has the following purposes:(1) To maximize the allocation and use of taxpayer provided resources by school corporations and schools for student instruction and learning.(2) To confirm the authority of school corporations to use a variety of methods to reduce the costs of acquisition of products and services.(3) To instruct the state board to oversee the consideration of statewide means to acquire products and services.(4) To provide a means for school corporations to access technical assistance and other support in the consideration of means to increase the allocation of resources to student instruction and learning.(5) To recognize school corporations that achieve effective allocation of resources to student instruction and learning.[Pre-2007 Higher Education Recodification Citation: 21-10-1-1.]As added by P.L.2-2007, SEC.240.
IN Code § 20-42.5-1-2 (2021)
2021 Indiana Code|Title 20. Education|Article 42.5. Allocation of Expenditures to Student Instruction|Chapter 1. Purposes and General Provisions|20-42.5-1-2. Supplemental Nature of Article

Sec. 2. This article is supplemental to and does not abrogate the powers given to school corporations under the home rule provisions of IC 20-26-3, and those powers remain in full effect.[Pre-2007 Higher Education Recodification Citation: 21-10-1-2.]As added by P.L.2-2007, SEC.240.
IN Code § 20-42.5-2-0.5 (2021)
2021 Indiana Code|Title 20. Education|Article 42.5. Allocation of Expenditures to Student Instruction|Chapter 2. Authority to Allocate Expenditures to Student Instruction and Learning|20-42.5-2-0.5. "Applicable Nonpublic School"

Sec. 0.5. As used in this chapter, "applicable nonpublic school" has the meaning set forth in IC 20-20-1-0.5.As added by P.L.126-2017, SEC.6.
IN Code § 20-42.5-2-2 (2021)
2021 Indiana Code|Title 20. Education|Article 42.5. Allocation of Expenditures to Student Instruction|Chapter 2. Authority to Allocate Expenditures to Student Instruction and Learning|20-42.5-2-2. Shared Services Arrangements

Sec. 2. A school corporation, charter school, or applicable nonpublic school may use shared services arrangements with other school corporations, charter schools, applicable nonpublic schools, and units of government, including:(1) the use of shared administrative services overseeing transportation, food service, facilities, or other operations;(2) the use of shared administrative services to manage finance, payroll, human resources, information technology, purchasing, or other administrative services; and(3) the use of shared resources to provide instruction, supplemental services, extracurricular activities, or other student services.School corporations, charter schools, and applicable nonpublic schools are not required to merge schools, consolidate, or otherwise relinquish control of curriculum, instruction, or student activities to use shared services arrangements.[Pre-2007 Higher Education Recodification Citation: 21-10-2-2.]As added by P.L.2-2007, SEC.240. Amended by P.L.126-2017, SEC.8.
IN Code § 20-42.5-2-3 (2021)
2021 Indiana Code|Title 20. Education|Article 42.5. Allocation of Expenditures to Student Instruction|Chapter 2. Authority to Allocate Expenditures to Student Instruction and Learning|20-42.5-2-3. Collaboration With Contiguous School Corporations

Sec. 3. A school corporation may collaborate with contiguous school corporations to explore the use of cooperatives among school corporations, commonly managed school corporations, or the consolidation of school corporations to provide effective and efficient management of the school corporations or functions of the school corporations.[Pre-2007 Higher Education Recodification Citation: 21-10-2-3.]As added by P.L.2-2007, SEC.240.