20-46-8-3. Transportation Levy Component; Levy Appeal
Sec. 3. A school corporation may appeal to the department of local government finance under IC 6-1.1-19 to increase the school corporation’s maximum permissible operations fund levy. The appeal must be filed with the department of local government finance before October 20 of the year before the increase is proposed to take effect. To be […]
20-46-9-6. Resolution for Referendum Levy; Purpose; Review by Department of Local Government Finance; Revenue Spending Plan
Sec. 6. (a) Subject to this chapter, the governing body of a school corporation may adopt a resolution to place a referendum under this chapter on the ballot if the governing body of the school corporation determines that a referendum levy should be imposed for measures to improve school safety as described in IC 20-40-20-6(a) […]
20-46-7-11. Approval; Factors Considered; No Authority to Review or Approve Financing
Sec. 11. (a) The department of local government finance in determining whether to approve or disapprove a school building construction project shall consider the following factors: (1) The current and proposed square footage of school building space per student. (2) Enrollment patterns within the school corporation. (3) The age and condition of the current school […]
20-46-8-4. Repealed
As added by P.L.244-2017, SEC.106. Amended by P.L.140-2018, SEC.24. Repealed by P.L.159-2020, SEC.66.
20-46-9-7. Resolution to Extend a Referendum Levy; Adoption and Approval Deadline
Sec. 7. A resolution to extend a referendum levy must be: (1) adopted by the governing body of a school corporation; and (2) approved in a referendum under this chapter; before December 31 of the final calendar year in which the school corporation’s previously approved referendum levy is imposed under this chapter. As added by […]
20-46-7-12. Maximum Term of Bonds
Sec. 12. (a) Except as provided by IC 5-1-14-10 and subsection (c), the maximum term or repayment period for bonds issued by a school corporation for a school building construction project may not exceed twenty (20) years after the date of the issuance of the bonds. (b) If a school corporation is an eligible school […]
20-46-8-5. Repealed
As added by P.L.244-2017, SEC.106. Repealed by P.L.140-2018, SEC.25.
20-46-7-13. Annual Review
Sec. 13. The department of local government finance shall annually conduct the review of debt service obligations (as defined in IC 20-48-1-11) required in IC 20-48-1-11. [2006 Recodification Citation: New.] As added by P.L.2-2006, SEC.169.
20-46-8-6. Repealed
As added by P.L.244-2017, SEC.106. Repealed by P.L.140-2018, SEC.26.
20-46-7-14. Payments Toward Principal Required on at Least Annual Basis
Sec. 14. After May 15, 2007, the department of local government finance may not approve under section 9 of this chapter a school corporation’s proposed: (1) bond issue that does not provide for payments toward the principal of the bonds on at least an annual basis in the amount determined under the rules or guidelines […]