Note: This version of section effective until 7-1-2024. See also following version of this section, effective 7-1-2024.

Sec. 2. The operations fund shall be used to deposit the following after December 31, 2018:

1. (1) Revenue from the school corporation's operations fund property tax levy under IC 20-46-8 .

2. (2) The sum of the following excise tax revenue received for deposit in the fund in the calendar year in which the school year begins:

   1. (A) Financial institutions excise tax ( IC 6-5.5 ).
   2. (B) Motor vehicle excise taxes ( IC 6-6-5 ).
   3. (C) Commercial vehicle excise taxes ( IC 6-6-5.5 ).
   4. (D) Boat excise tax ( IC 6-6-11 ).
   5. (E) Aircraft license excise tax ( IC 6-6-6.5 ).
3. (3) Transfers from the education fund ( IC 20-40-2 ) or the operating referendum tax levy fund ( IC 20-40-3 ), if any.
4. (4) Allocations of local income taxes to the school corporation under IC 6-3.6-6 , if any.

As added by P.L.244-2017, SEC.86.