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

Sec. 19. Money in the fund may be used to pay for up to one hundred percent (100%) of the following costs of a school corporation:

1. (1) Utility services.
2. (2) Property or casualty insurance.

3. (3) Both utility services and property or casualty insurance.

   A school corporation's expenditures under this section may not in a calendar year exceed three and five-tenths percent (3.5%) of the school corporation's 2005 calendar year distribution.

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

As added by P.L.2-2006, SEC.163. Amended by P.L.234-2007, SEC.230; P.L.146-2008, SEC.528; P.L.182-2009(ss), SEC.322; P.L.48-2011, SEC.35; P.L.162-2013, SEC.1; P.L.213-2015, SEC.202; P.L.151-2016, SEC.2; P.L.244-2017, SEC.79.