Sec. 9. The executive director shall present to the state budget committee a report concerning the processes that will be used by DUAB and the executive director to do the following:
(1) Identify school corporations that demonstrate signs of financial distress.
(2) Determine when a corrective action plan is necessary for a school corporation.
(3) Determine the conditions that must be satisfied before a school corporation:
(A) will no longer be subject to a corrective action plan; and
(B) will be considered as financially healthy.
As added by P.L.213-2018(ss), SEC.15.