(a)A school corporation's capital projects
expenditure plan or amended plan must limit proposed expenditures to
those described in section 7 of this chapter. The plan must include all
proposed expenditures that exceed ten thousand dollars ($10,000) and
are for:
(2)projects that are considered capital in nature under section 7
of this chapter, including technology related projects.
The department of local government finance shall prescribe the
information that is required in a plan.
(b)The department of local government finance shall prescribe the
format of the plan. A plan must:
(1)apply to at least the three (3) years immediately following the
year the plan is adopted; and
(2)estimate for each year to which the plan applies the nature and
amount of proposed cap
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(a) A school corporation's capital projects
expenditure plan or amended plan must limit proposed expenditures to
those described in section 7 of this chapter. The plan must include all
proposed expenditures that exceed ten thousand dollars ($10,000) and
are for:
(1) capital assets; or
(2) projects that are considered capital in nature under section 7
of this chapter, including technology related projects.
The department of local government finance shall prescribe the
information that is required in a plan.
(b) The department of local government finance shall prescribe the
format of the plan. A plan must:
(1) apply to at least the three (3) years immediately following the
year the plan is adopted; and
(2) estimate for each year to which the plan applies the nature and
amount of proposed capital expenditures from the fund.
(c) If a school corporation wants to use money in the operations
fund during the year to pay for any items listed in section 7 of this
chapter that are considered capital in nature, the governing body must
adopt a resolution approving the plan or amended plan. The school
corporation shall post the proposed plan or proposed amended plan on
the school corporation's Internet web site before the hearing. The
governing body must hold a hearing on the adoption of the resolution
as follows:
(1) For a school corporation that has not elected to adopt a budget
under IC 6-1.1-17-5.6 or for which a resolution adopted under IC 6-1.1-17-5.6(d) is in effect, the school corporation must hold the
hearing and adopt the resolution after January 1 and not later than
November 1 of the immediately preceding year.
(2) For a school corporation that elects to adopt a budget under IC 6-1.1-17-5.6, the school corporation must hold the hearing and
adopt the resolution after January 1 and not later than April 1 of
the immediately preceding school fiscal year.
The governing body shall submit the proposed capital projects
expenditure plan or amended plan to the department of local
government finance's computer gateway at least ten (10) days before
the hearing on the adoption of the resolution. The department of local
government finance shall make the proposed plan available to
taxpayers, at least ten (10) days before the hearing, through the
department's computer gateway. The department of local government
finance's computer gateway must allow a taxpayer to search for the
proposed plan under this section by the taxpayer's address. If an
amendment to a capital projects expenditure plan is being proposed,
the governing body must declare the nature of and the need for the
amendment in the resolution to adopt the amendment to the plan. The
plan, as proposed to be amended, must comply with the requirements
for a plan under this section.
(d) If a governing body adopts the resolution specified in subsection
(c), the school corporation must then submit the resolution to the
department of local government finance in the manner prescribed by
the department. In addition, the governing body shall submit the plan
or amended plan that is approved in the resolution to the department of
local government finance's computer gateway not later than thirty (30)
days after adoption of the resolution. The department of local
government finance shall immediately make the adopted plan available
to taxpayers through the department's computer gateway.
(e) This subsection applies to an amendment to a plan that is
required because of an emergency that results in costs that exceed the
amount accumulated in the fund for repair, replacement, or site
acquisition that is necessitated by an emergency. The governing body
is not required to comply with subsection (c) or (d). If the governing
body determines that an emergency exists, the governing body may
adopt a resolution to amend the plan. An amendment to the plan is not
subject to the deadline and the procedures for adoption described in
this section.