Section 20-40-18-4 - Investment of balances; transfer to school rainy day fund(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.Amended by P.L. 140-2018,SEC. 15, eff. 7/1/2018.Added by P.L. 244-2017,SEC. 86, eff. 7/1/2018.