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

Sec. 12. Money in the fund may be used to pay for the construction, repair, replacement, remodeling, or maintenance of a school sports facility. However, a school corporation's expenditures in a calendar year under this section may not exceed five percent (5%) of the property tax revenues levied for the fund in the calendar year.

[Pre-2006 Recodification Citation: 21-2-15-4(j).]

As added by P.L.2-2006, SEC.163.