Subject to the approval of the commissioner of insurance, the governing body of the school corporation may:

1. (1) transfer to the fund an amount of money in the education fund or operations fund budget in accordance with the categories of expenditures established under IC 20-42.5-3 ;
2. (2) transfer money from the education fund or operations fund in accordance with the categories of expenditures established under IC 20-42.5-3 to the fund;
3. (3) appropriate money from the education fund or operations fund in accordance with the categories of expenditures established under IC 20-42.5-3 for the fund; or

4. (4) transfer money from the operations fund to the fund, to the extent that money in the operations fund may be used for property or casualty insurance.

   [Pre-2006 Recodification Citation: 21-2-5.6-3.]

As added by P.L.2-2006, SEC.163. Amended by P.L.146-2008, SEC.479; P.L.238-2019, SEC.12.