Ind. Code ch. 20-42.5-3

Ind. Code ch. 20-42.5-3
in effect

Ind. Code § 20-42.5-3-1 Repealed

[Pre-2007 Higher Education Recodification Citation: 21-10-3-1.] As added by P.L.2-2007, SEC.240. Amended by P.L.286-2013, SEC.126. Repealed by P.L.233-2015, SEC.297.

Ind. Code § 20-42.5-3-2 Repealed

[Pre-2007 Higher Education Recodification Citation: 21-10-3-2.] As added by P.L.2-2007, SEC.240. Repealed by P.L.233-2015, SEC.298.

Ind. Code § 20-42.5-3-3 Repealed

[Pre-2007 Higher Education Recodification Citation: 21-10-3-3.] As added by P.L.2-2007, SEC.240. Repealed by P.L.233-2015, SEC.299.

Ind. Code § 20-42.5-3-4 Repealed

[Pre-2007 Higher Education Recodification Citation: 21-10-3-4.] As added by P.L.2-2007, SEC.240. Repealed by P.L.130-2018, SEC.89.

Ind. Code § 20-42.5-3-5 Student instructional expenditures report; school corporation expenditures report

Sec. 5. (a) For each school year using the 2005-2006 school year as a baseline: (1) the office of management and budget shall analyze and report to the state board, the governor, and the general assembly the ratio of student instructional expenditures to all other expenditures for the previous school year; and (2) each school corporation shall submit a report or make available to the department in a form and manner determined by the department the percentage of resources spent by the school corporation during the previous school year on each of the following categories of expenditures: (A) Student academic achievement expenditures. (B) Student instructional support expenditures. (C) Overhead and operational expenditures. (D) Nonoperational expenditures. (b) The reports to the general assembly under subsection (a)(1) must be submitted to the executive director of the legislative services agency in an electronic format under IC 5-14-6. [Pre-2007 Higher Education Recodification Citation: 21-10-3-5.] As added by P.L.2-2007, SEC.240. Amended by P.L.233-2015, SEC.300; P.L.130-2018, SEC.90; P.L.74-2026, SEC.150.

Ind. Code § 20-42.5-3-6 Repealed

[Pre-2007 Higher Education Recodification Citation: 21-10-3-6.] As added by P.L.2-2007, SEC.240. Repealed by P.L.233-2015, SEC.301.

Ind. Code § 20-42.5-3-7 Chart of accounts requirements

Sec. 7. (a) The chart of accounts used by school corporations must: (1) coincide with the categories of expenditures described in section 5(a)(2) of this chapter; and (2) provide the ability to determine expenditures made at and for each individual school building of a school corporation. Each school corporation shall use the chart of accounts developed under this section. (b) The state board of accounts may, in consultation with the department and the office of management and budget, modify the chart of accounts as necessary to make the chart of accounts coincide with the categories of expenditures described in section 5(a)(2) of this chapter. As added by P.L.244-2017, SEC.91. Amended by P.L.130-2018, SEC.91; P.L.74-2026, SEC.151.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/20Fetched: 10/17/2026