Indiana § 20-24-12-4 - Fund
Full text of Indiana Indiana Code § 20-24-12-4 — Fund, with citation guidance and answers to common questions.
§ 20-24-12-4. Fund
Sec. 4. (a) The charter school facilities assistance fund is established. The department shall administer the fund.
(b) The fund consists of the following:
(1) Money appropriated or authorized by the general assembly.
(2) The repayment proceeds of loans made to charter schools from the fund.
(3) Any gifts and grants made to the fund or other money required by law to be deposited in the fund.
(4) Any federal grants that are received to capitalize or supplement the fund.
(5) Any earnings on money in the fund.
(c) The expenses of administering the fund shall be paid from money in the fund.
(d) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested.
(e) The fund may be used by the department as a revolving fund for the purposes described in section 2 of this chapter.
(f) Money in the fund at the end of a state fiscal year does not revert to the state general fund.
As added by P.L.91-2011, SEC.25.
Frequently Asked Questions About Indiana § 20-24-12-4
What does Indiana Code § 20-24-12-4 cover?
Section 20-24-12-4 ("Fund") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 20-24-12-4?
A common citation format is "Indiana Code § 20-24-12-4" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 20-24-12-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.