Indiana § 20-40-3-5 - Uses; transfers to education or operations fund

Full text of Indiana Indiana Code § 20-40-3-5 — Uses; transfers to education or operations fund, with citation guidance and answers to common questions.

§ 20-40-3-5. Uses; transfers to education or operations fund

Sec. 5. Money in the fund may be used for any lawful school expenses, including making a transfer to the school corporation's education fund (IC 20-40-2) or operations fund (IC 20-40-18).

[Pre-2006 Recodification Citation: 21-2-11.6-3(c) part.]

As added by P.L.2-2006, SEC.163. Amended by P.L.244-2017, SEC.75; P.L.154-2020, SEC.40; P.L.189-2023, SEC.28; P.L.68-2025, SEC.211.

IC 20-40-4Chapter 4. Repealed[Pre-2006 Recodification Citations:

20-40-4-1New20-40-4-2New20-40-4-3formerly 21-2-17-1 part20-40-4-4formerly 21-2-17-1 part20-40-4-5formerly 21-2-17-1 part.]Repealed by P.L.182-2009(ss), SEC.466.

IC 20-40-5Chapter 5. Repealed[2006 Recodification Citations:

20-40-5-1New20-40-5-2New20-40-5-3New20-40-5-4formerly 6-1.1-19-10(c) part20-40-5-5formerly 6-1.1-19-10(g) part.]Repealed by P.L.88-2018, SEC.2.

IC 20-40-6Chapter 6. Repealed[Pre-2006 Recodification Citations:

20-40-6-1formerly 21-2-11.5-2(a) part20-40-6-2formerly New20-40-6-3formerly New20-40-6-4formerly 21-2-11.5-2(a) part20-40-6-5subsection (a) formerly 21-2-11.5-2(a) part; 21-2-11-4(a) part; subsection (b) formerly 21-2-11-4(a) part; subsection (c) formerly 21-2-11.5-2(b)(2) part20-40-6-6subsection (a) formerly 21-2-11.5-2(a) part; subsection (b) formerly 21-2-11.5-2(c); subsection (c) formerly 21-2-11.5-2(d)20-40-6-721-2-11.5-420-40-6-821-2-11.5-6; 21-2-11-4(c); 21-2-15-12(b).]Repealed by P.L.244-2017, SEC.76.

IC 20-40-7Chapter 7. Repealed[2006 Recodification Citations:

20-40-7-1New20-40-7-2New20-40-7-3New20-40-7-4New20-40-7-521-2-11.5-2(b) part20-40-7-621-2-11.5-2(b) part20-40-7-721-2-11.5-2(e)20-40-7-821-2-11.5-3.1(e).]Repealed by P.L.244-2017, SEC.77.

IC 20-40-8Chapter 8. Repealed[Pre-2006 Recodification Citations:

20-40-8-1formerly 21-2-15-4(a)20-40-8-2formerly 21-2-15-120-40-8-3New20-40-8-4New20-40-8-5New20-40-8-6formerly 21-2-15-4(b)20-40-8-7formerly 21-2-15-12(a)20-40-8-8formerly 21-2-15-920-40-8-9formerly 21-2-15-1420-40-8-10formerly 21-2-15-4(c)20-40-8-11formerly 21-2-15-4(d)20-40-8-12formerly 21-2-15-4(j)20-40-8-13formerly 21-2-15-4(e)20-40-8-14formerly 21-2-15-4(f)20-40-8-15formerly 21-2-15-4(g)20-40-8-16formerly 21-2-15-4(h)20-40-8-17formerly 21-2-15-4(i)20-40-8-18formerly 21-2-15-4(k)20-40-8-19formerly 21-2-15-4(l)20-40-8-20New.]Repealed by P.L.244-2017, SEC.78.

IC 20-40-9Chapter 9. Debt Service Fund

20-40-9-1"Debt service" 20-40-9-2"Fund" 20-40-9-3"Levy" 20-40-9-4Establishment of fund 20-40-9-5Uses; required use of fund 20-40-9-6Uses; payment of debt and lease expenses 20-40-9-7Use of money 20-40-9-8Uses; lease rentals; prohibition on lease payments from the education fund 20-40-9-9Uses; community school corporations 20-40-9-10Limitation on payment of principal; emergency and temporary loans 20-40-9-11Uses; principal and interest; state advance

Source: official Indiana text · Last verified 2026-08-27

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Frequently Asked Questions About Indiana § 20-40-3-5

What does Indiana Code § 20-40-3-5 cover?

Section 20-40-3-5 ("Uses; transfers to education or operations 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 § 20-40-3-5?

A common citation format is "Indiana Code § 20-40-3-5" (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 § 20-40-3-5 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

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