20-48-2-1. Application

Sec. 1. This chapter applies to any school city or school town. [2006 Recodification Citation: New.] As added by P.L.2-2006, SEC.171.

20-48-2-1. Application

Sec. 1. This chapter applies to any school city or school town. [2006 Recodification Citation: New.] As added by P.L.2-2006, SEC.171.

20-48-2-2. Temporary Loans

Sec. 2. (a) Subject to subsection (c), if the board of school trustees or other proper authority of a school town or school city finds that an emergency exists for borrowing money with which to meet current expenses of the schools of the school town or school city, the board of school trustees or other […]

20-48-2-2. Temporary Loans

Sec. 2. (a) Subject to subsection (c), if the board of school trustees or other proper authority of a school town or school city finds that an emergency exists for borrowing money with which to meet current expenses of the schools of the school town or school city, the board of school trustees or other […]

20-48-2-3. Requirements; Resolution

Sec. 3. (a) A temporary loan made under section 2 of this chapter must be authorized by a resolution of the board of school trustees or other proper authority: (1) designating the: (A) nature of the consideration; (B) date, time, and place payable; (C) rate of interest, not to exceed six percent (6%) per annum; […]

20-48-2-3. Requirements; Resolution

Sec. 3. (a) A temporary loan made under section 2 of this chapter must be authorized by a resolution of the board of school trustees or other proper authority: (1) designating the: (A) nature of the consideration; (B) date, time, and place payable; (C) rate of interest, not to exceed six percent (6%) per annum; […]