5-10.4-7-10. Separate accounts for each school corporation and each employer group

IN Code § 5-10.4-7-10 (2019) (N/A)
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Sec. 10. (a) Except as provided in subsection (b), the board shall maintain separate reserve accounts within the 1996 account for each school corporation.

(b) If the board sets a group employer rate under IC 5-10.2-2-11(b), the board shall maintain separate reserve accounts within the 1996 account for each employer group.

(c) Credits and charges to these accounts must be made as prescribed in IC 5-10.2-2.

[Pre-2006 Education Finance Recodification Citation: 21-6.1-7-11.]

As added by P.L.2-2006, SEC.28. Amended by P.L.115-2009, SEC.20.