Sec. 10. (a) Except as otherwise provided by law, a school corporation may not pay from the fund the principal of emergency and temporary loans obtained for the benefit of any other fund. (b) Except as provided in IC 20-48-1-7 and IC 20-48-1-9 , payment of interest on emergency and temporary loans must be received in and disbursed from the fund. [Pre-2006 Recodification Citation: 21-2-4-2 part.]
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