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

Sec. 7. Interest on money in the fund, including the fund's pro rata share of interest earned on the investment of total money on deposit, shall be deposited in the fund. However, the governing body may adopt a resolution to transfer any interest earned on money in the fund to the school corporation's general fund.

[Pre-2006 Recodification Citation: 21-2-15-12(a).]

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