Indiana Administrative Code
Title 50 - DEPARTMENT OF LOCAL GOVERNMENT FINANCE
Article 9 - CAPITAL PROJECTS FUND
Rule 1 - Administration of Capital Projects Fund
Section 1-8 - Appropriation in earlier year than planned

Universal Citation: 50 IN Admin Code 1-8

Current through September 18, 2024

Authority: IC 20-46-6

Affected: IC 6-1.1-18-5; IC 20-46-6

Sec. 8.

The department of local government finance may approve appropriations from the capital projects fund only if they conform to a plan that has been adopted in accordance with IC 20-46-6. If a school corporation seeks approval of an additional appropriation from the capital projects fund for an expenditure in a year that precedes the year in which the expenditure is indicated in the plan, the department of local government finance may find that the appropriation conforms to the plan if:

(1) the plan is specific as to the need to be addressed by the proposed expenditure and as to the manner in which it will be addressed; and

(2) the school corporation additional appropriation notice under IC 6-1.1-18-5 includes the fund name, the department of education project number (if issued), and a description of the purpose of the proposed expenditure.

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