Investment of balances; transfer to school rainy day fund

Sec. 4. (a) Any balance in the operations fund may be invested in the manner provided for investment of money by a political subdivision. The net proceeds from the investment become a part of the operations fund. (b) Any balance, or a part of the balance, remaining in the operations fund at the end of a year may be: (1) retained in the operations fund; or (2) transferred to the school corporation's rainy day fund. As added by P.L.244-2017, SEC.86. Amended by P.L.140-2018, SEC.15.