20-46-7-3. “Obligation”
Sec. 3. As used in this chapter, “obligation” refers to any obligation that is permitted or required by law to be paid from the fund under IC 20-40-9 or another law. [2006 Recodification Citation: New.] As added by P.L.2-2006, SEC.169.
20-46-7-4. Duty; Levy
Sec. 4. (a) The governing body of each school corporation shall establish a levy in every calendar year sufficient to pay all obligations. (b) This subsection applies to a school corporation that consolidates under IC 20-23-6-12.5. The governing body shall establish a levy for each subunit (as defined in IC 20-23-6-0.5) in each calendar year […]
20-46-7-5. Conditions; Levy in Excess of Advertised Levy
Sec. 5. If the advertised levy is insufficient to produce revenue to meet all obligations for any calendar year, the department of local government finance may establish a levy greater than advertised if necessary to meet the school corporation’s obligations. [Pre-2006 Recodification Citation: 21-2-4-3 part.] As added by P.L.2-2006, SEC.169.
20-46-7-6. Levy; Advance From State
Sec. 6. An amount equal to deductions made or to be made in the current year for the payment of principal and interest on an advancement from any state fund (including the common school fund and the veterans memorial school construction fund) may be included in a levy and appropriated and paid to the operations […]
20-46-7-7. Levy; Advance; Common School Fund
Sec. 7. A school corporation receiving an advancement: (1) under IC 20-49-2 may annually levy a tax for the fund as provided in IC 20-49-2-16; (2) for a school building construction program may annually levy a tax for the fund as provided in IC 20-49-4-21; (3) for an educational technology program may annually levy a […]
20-46-7-8. School Bus Purchases or Leases; Exemptions From Restrictions
Sec. 8. (a) This section does not apply to the following: (1) Bonds or lease rental agreements for which a school corporation: (A) after June 30, 2008, makes a preliminary determination as described in IC 6-1.1-20-3.1 or IC 6-1.1-20-3.5 or a decision as described in IC 6-1.1-20-5; or (B) in the case of bonds or […]
20-46-7-8.5. Review and Approval by Department of Local Government Finance Not Required for Certain Bonds, Leases, or Other Obligations
Sec. 8.5. (a) Notwithstanding any other provision, review by the department of local government finance and approval by the department of local government finance are not required before a school corporation may issue or enter into bonds, a lease, or any other obligation, if the school corporation: (1) after June 30, 2008, makes a preliminary […]
20-46-7-9. Review by Department of Local Government Finance
Sec. 9. (a) This section applies only to an obligation subject to section 8 of this chapter. This section does not apply to bonded indebtedness or lease rental agreements for which a school corporation: (1) after June 30, 2008, makes a preliminary determination as described in IC 6-1.1-20-3.1 or IC 6-1.1-20-3.5 or a decision as […]
20-46-7-10. Approval; Required Study of Classroom Space
Sec. 10. (a) This section applies only to an obligation described in section 8 of this chapter. This section does not apply to bonded indebtedness or lease rental agreements for which the school corporation: (1) after June 30, 2008, makes a preliminary determination as described in IC 6-1.1-20-3.1 or IC 6-1.1-20-3.5 or a decision as […]
20-46-1-5.5. “Resolution to Extend a Referendum Levy”
Sec. 5.5. As used in this chapter, “resolution to extend a referendum levy” refers to a resolution adopted under sections 8 and 8.5 of this chapter to place a referendum on the ballot requesting authority to continue imposing a tax rate, which is the same as or lower than the tax rate previously approved by […]