Indiana § 20-40-2-9 - Excessive education fund transfer list notice; receipt of notice
Full text of Indiana Indiana Code § 20-40-2-9 — Excessive education fund transfer list notice; receipt of notice, with citation guidance and answers to common questions.
§ 20-40-2-9. Excessive education fund transfer list notice; receipt of notice
Sec. 9. (a) For each school corporation included on the excessive education fund transfer list required under section 6 of this chapter, the department shall, not later than April 1 of each year, submit in both a written and an electronic format a notice to the school corporation's superintendent, school business officer, and governing body that the school corporation did not meet its education fund transfer target percentage for the previous calendar year.
(b) If a school corporation's governing body receives a notice from the department under subsection (a), the school corporation shall do all of the following:
(1) Publicly acknowledge receipt of the excessive education fund transfer list notice from the department at the governing body's next public meeting.
(2) Enter into the governing body's official minutes for that meeting acknowledgment of the notice.
(3) Publish on the school corporation's website the department's notice and any relevant individual reports prepared by the department within thirty (30) days after the public meeting.
As added by P.L.161-2019, SEC.7. Amended by P.L.139-2022, SEC.20; P.L.23-2026, SEC.207.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-40-2-9
What does Indiana Code § 20-40-2-9 cover?
Section 20-40-2-9 ("Excessive education fund transfer list notice; receipt of notice") 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 § 20-40-2-9?
A common citation format is "Indiana Code § 20-40-2-9" (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 § 20-40-2-9 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.