Indiana § 20-23-9-7 Powers of department after determination; payments

Indiana Statutes

§ 20-23-9-7 — Powers of department after determination; payments

Indiana·Title 20 EDUCATION·Art. 23 ORGANIZATION OF SCHOOL CORPORATIONS·Ch. 9 Annexation of a Township School Corporation

(a)If the department of local government finance makes a determination under section 6(c) of this chapter, the department:

(1)may prohibit a township from:

(A)acquiring real estate;

(B)making a lease or incurring any other contractual obligation calling for an annual outlay by the township exceeding ten thousand dollars ($10,000);

(C)purchasing personal property for a consideration greater than ten thousand dollars ($10,000); and

(D)adopting or advertising a budget, tax levy, or tax rate for any calendar year; until the township school has made all required payments under section 6(a)(1) of this chapter and filed all required reports under section 6(a)(3) of this chapter; and

(2)shall certify to the treasurer of state the amount of arrears determined under section 6(a)(2) of this ch

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(a) If the department of local government
finance makes a determination under section 6(c) of this chapter, the
department:
(1) may prohibit a township from:
(A) acquiring real estate;
(B) making a lease or incurring any other contractual obligation
calling for an annual outlay by the township exceeding ten
thousand dollars ($10,000);
(C) purchasing personal property for a consideration greater
than ten thousand dollars ($10,000); and
(D) adopting or advertising a budget, tax levy, or tax rate for
any calendar year;
until the township school has made all required payments under
section 6(a)(1) of this chapter and filed all required reports under
section 6(a)(3) of this chapter; and
(2) shall certify to the treasurer of state the amount of arrears
determined under section 6(a)(2) of this chapter.
(b) Upon being notified of the amount of arrears certified under
subsection (a)(2), the treasurer of state shall make payments from the
funds of state to the extent, but not in excess, of any amounts
appropriated by the general assembly for distribution to the township
school, deducting the payments from any amount distributed to the
township school.
[Pre-2005 Elementary and Secondary Education
Recodification Citation: 20-4-57-8.]

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