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.
20-44-3-6. Expenditure After Appropriation; Reduction of Maximum Levy
Sec. 6. Except as provided in section 7 of this chapter, a school corporation may not spend money in its fund until the expenditure of the money has been included in a budget that has been approved by the department of local government finance under IC 6-1.1-17. For purposes of fixing its budget and for […]
20-44-2-6. Application of Statutory Limits
Sec. 6. The power of the governing body in making tax levies shall be exercised within existing statutory limits. The levies are subject to the review required by law. As added by P.L.2-2006, SEC.167.
20-44-3-7. Transfer Between Funds
Sec. 7. A school corporation may transfer money from its fund to its other funds to reimburse those funds for amounts withheld from the school corporation as a result of refunds paid under IC 6-1.1-26. [Pre-2006 Recodification Citation: 6-1.1-19-1.7(f).] As added by P.L.2-2006, SEC.167.