§ 20-28-8-3.5 — Limitations regarding payment to buy out assistant superintendent contracts

Indiana § 20-28-8-3.5

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 28: SCHOOL TEACHERS
• Ch. 8: Contracts With School Administrators

Text

5. Unless a provision in a contract between
the governing body of a school corporation and an assistant
superintendent entered into or renewed before July 1, 2019, provides
otherwise, the governing body of a school corporation may not pay to
an assistant superintendent to buy out a contract entered into between
the governing body and the assistant superintendent an amount that
exceeds an amount equal to the lesser of:
(1) the assistant superintendent's salary for any one (1) year under
the contract; or
(2) two hundred fifty thousand dollars ($250,000).
An assistant superintendent's salary under subdivision (1) does not
include benefits or any other forms of compensation that the assistant
superintendent receives as payment under the contract other than the
assistant superintendent's salary.

Legislative History

As added by P.L.152-2019, SEC.4.