Indiana Statutes

§ 20-44-2-3 — Duty; rate necessary to pay obligations

Indiana·Title 20 EDUCATION·Art. 44 PROPERTY TAX LEVIES; GENERAL·Ch. 2 General Levy Powers

The governing body shall annually levy a rate that will produce a sum sufficient to meet all payments of principal and interest as they mature in the year for which the levy is made on the:

(1)bonds;
(2)notes; or
(3)other obligations; of the school corporation. [Pre-2006 Recodification Citation: 20-23-16-4(c).]

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Legislative History

As added by P.L.2-2006, SEC.167.

Nearby Sections

15
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