Payment of Interest Accruing on State Held School Funds to School Corporations

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Sec. 6. All interest accrued or accruing on the sinking fund or any other fund held by the state for the benefit of common schools is set apart for distribution as other revenues are distributed for the support of the common schools.

[Pre-2006 Education Finance Recodification Citation: 21-1-13-1.]

As added by P.L.2-2006, SEC.29.


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