Indiana § 20-23-19-3 Annexation of territory of school corporation; prohibition on issuing
new bonds after July 1, 2027

Indiana Statutes

§ 20-23-19-3 — Annexation of territory of school corporation; prohibition on issuing new bonds after July 1, 2027

Indiana·Title 20 EDUCATION·Art. 23 ORGANIZATION OF SCHOOL CORPORATIONS·Ch. 19 Dissolution of Union School Corporation

(a)On July 1, 2027, the territory of the Union School Corporation is annexed as follows:

(1)All of the territory of the Union School Corporation that is located in Henry County is annexed to the Blue River Valley Schools School Corporation.

(2)All of the territory of the Union School Corporation that is located in Randolph County is annexed to the Monroe Central School Corporation.

(b)The Union School Corporation may not, after July 1, 2025, do any of the following:

(1)Issue new bonds.

(2)Enter into a lease.

(3)Otherwise incur any new obligations.

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(a) On July 1, 2027, the territory of the Union
School Corporation is annexed as follows:
(1) All of the territory of the Union School Corporation that is
located in Henry County is annexed to the Blue River Valley
Schools School Corporation.
(2) All of the territory of the Union School Corporation that is
located in Randolph County is annexed to the Monroe Central
School Corporation.
(b) The Union School Corporation may not, after July 1, 2025, do
any of the following:
(1) Issue new bonds.
(2) Enter into a lease.
(3) Otherwise incur any new obligations.

Indiana § 20-23-19-3 (Annexation of territory of school corporation; prohibition on issuing new bonds after July 1, 2027) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.