§ 20-46-7-10 — Approval; required study of classroom space

Indiana § 20-46-7-10

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 46: LEVIES OTHER THAN GENERAL FUND LEVIES
• Ch. 7: Debt Service Levy

Text

(a) This section applies only to an obligation
described in section 8 of this chapter. This section does not apply to
bonded indebtedness or lease rental agreements for which the school
corporation:
(1) after June 30, 2008, makes a preliminary determination as
described in IC 6-1.1-20-3.1 or IC 6-1.1-20-3.5 or a decision as
described in IC 6-1.1-20-5; or
(2) in the case of bonds or lease rental agreements not subject to
IC 6-1.1-20-3.1, IC 6-1.1-20-3.5, or IC 6-1.1-20-5, adopts a
resolution or ordinance authorizing the bonds or lease rental
agreement after June 30, 2008.
(b) The department of local government finance may not approve a
school corporation's proposed lease rental agreement or bond issue to
finance the construction of additional classrooms unless the school
corporation first:
(1) establishes that additional classroom space is necessary; and
(2) conducts a feasibility study, holds public hearings, and hears
public testimony on using a twelve (12) month school term
(instead of the nine (9) month school term (as defined in IC 20-30-2-7)) rather than expanding classroom space.
(c) A taxpayer may petition for judicial review of the final
determination of the department of local government finance under this
section. The petition must be filed in the tax court not more than thirty
(30) days after the department of local government finance enters its
order under this section.
[Pre-2006 Recodification Citations: subsections (a), (b)
formerly 6-1.1-19-8(d); subsection (c) formerly
6-1.1-19-8(f).]

Legislative History

As added by P.L.2-2006, SEC.169. Amended by P.L.224-2007, SEC.118; P.L.146-2008, SEC.512.