Indiana § 20-49-3-11 - Advances permitted; counties managing a county common school fund
Full text of Indiana Indiana Code § 20-49-3-11 — Advances permitted; counties managing a county common school fund, with citation guidance and answers to common questions.
§ 20-49-3-11. Advances permitted; counties managing a county common school fund
Sec. 11. (a) This section applies to a county that:
(1) has not elected to surrender custody of any part of the fund to the state; and
(2) has an insufficient amount of unloaned money in the fund when added to the amount of unloaned money in the congressional township school fund, as shown by a report of the county auditor and county treasurer, to make all loans for which the county auditor has applications.
(b) Upon petition of the board of commissioners of the county, the state board of finance may allocate to the county making the application the amount that the state board of finance determines is necessary.
[Pre-2006 Recodification Citation: 21-1-3-8 part.]
As added by P.L.2-2006, SEC.172.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-49-3-11
What does Indiana Code § 20-49-3-11 cover?
Section 20-49-3-11 ("Advances permitted; counties managing a county common school 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 § 20-49-3-11?
A common citation format is "Indiana Code § 20-49-3-11" (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 § 20-49-3-11 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.