The funds that:(1) before March 6, 1865, were:(A) known and designated as the surplus revenue funds;(B) appropriated to common schools;(C) known and designated as the saline fund;(D) known and designated as the bank-tax fund;(E) derived from the sale of county seminaries and property belonging to county seminaries or after March 5, 1865, are derived from the sale of county seminaries and property belonging to county seminaries; or(F) money and property held for county seminaries;(2) are derived from fines assessed for breaches of the penal laws of the state;(3) are derived from forfeitures that accrue;(4) are derived from lands and other estate that escheat to the state for want of heirs or kindred entitled to the inheritance of the lands or other estate;(5) are derived from lands that:(A) were granted before March 6, 1865; or(B) are granted after March 5, 1865;to the state, if no special object is expressed in the grant;(6) are derived from the proceeds of the sales of the swamp lands granted to the state of Indiana by the act of Congress of September 1850;(7) are derived from the taxes that are assessed periodically upon the property of corporations for common school swamp lands granted to the state of Indiana by the act of Congress of September 1850;(7) are derived from the taxes that are assessed periodically upon the property of corporations for common school purposes; and(8) are derived from the one hundred and fourteenth section of the charter of the state bank of Indiana;constitute the common school fund.[Pre-2006 Recodification Citation: 21-1-1-1 part.]As added by P.L.2-2006, SEC.165.
Indiana Legal Code