Separate Accounts for Each School Corporation and Each Employer Group

  1. Law
  2. Indiana Code
  3. State and Local Administration
  4. State Teachers' Retirement Fund
  5. School Corporation Reports and Administration
  6. Separate Accounts for Each School Corporation and Each Employer Group

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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.


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