Note: This version of section effective until 1-1-2019. See also following version of this section, effective 1-1-2019.

1. (1) established under applicable law; and

2. (2) that the governing body considers appropriate.

   [Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-5-6.]

Sec. 2. A governing body of a school corporation may deposit insurance proceeds received as a result of damage to real or personal property in any school fund:

As added by P.L.1-2005, SEC.10.