20-44-3-1. “Fund”
Sec. 1. As used in this chapter, “fund” refers to a levy excess fund established under IC 20-40-10-2. [2006 Recodification Citation: New.] As added by P.L.2-2006, SEC.167. Amended by P.L.1-2007, SEC.153.
20-44-2-1. Application
Sec. 1. This chapter applies to each school corporation. [Pre-2006 Recodification Citation: 20-23-16-4(a).] As added by P.L.2-2006, SEC.167.
20-44-3-2. “Levy Excess” Defined; Limitation
Sec. 2. As used in this chapter, “levy excess” means that part of the property tax levy actually collected by a school corporation for taxes first due and payable during a particular calendar year that exceeds the school corporation’s total levy, as approved by the department of local government finance under IC 6-1.1-17, for those […]
20-44-2-2. General Levy Powers
Sec. 2. Each governing body may annually levy the amount of taxes that: (1) in the judgment of the governing body; and (2) after being made a matter of record in the minutes; should be levied to produce income sufficient to conduct and carry on the public schools committed to the governing body. [Pre-2006 Recodification […]
20-44-3-3. Validity; Levy Excess
Sec. 3. A school corporation’s levy excess is valid. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(b) part.] As added by P.L.2-2006, SEC.167. Amended by P.L.146-2008, SEC.491.
20-44-2-3. Duty; Rate Necessary to Pay Obligations
Sec. 3. The governing body shall annually levy a rate that will produce a sum sufficient to meet all payments of principal and interest as they mature in the year for which the levy is made on the: (1) bonds; (2) notes; or (3) other obligations; of the school corporation. [Pre-2006 Recodification Citation: 20-23-16-4(c).] As […]
20-44-3-4. Required Deposit of Levy Excess; Levy Excess Fund
Sec. 4. Except as provided in section 9 of this chapter, a school corporation shall deposit its levy excess in a fund to be known as the school corporation’s levy excess fund. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(b) part.] As added by P.L.2-2006, SEC.167.
20-44-2-4. Levy; Emergency Loans
Sec. 4. A school corporation may impose a levy for a fund (before January 1, 2019) or its operations fund (after December 31, 2018), as permitted in IC 20-48-1-7, to repay an emergency loan to the fund (before January 1, 2019) or operations fund (after December 31, 2018). [2006 Recodification Citation: New.] As added by […]
20-44-3-5. Inclusion of Balance in Budget
Sec. 5. The department of local government finance shall require a school corporation to include the amount in the school corporation’s fund in the school corporation’s budget fixed under IC 6-1.1-17. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(d).] As added by P.L.2-2006, SEC.167.
20-44-2-5. Levy; Joint Schools
Sec. 5. The school trustee or board of school trustees of Indiana may levy taxes in maintaining a joint school established with a school corporation in an adjacent state under IC 20-23-11 as are otherwise provided by law for maintaining the public schools in Indiana. [Pre-2006 Recodification Citation: 20-23-11-2 part.] As added by P.L.2-2006, SEC.167.