Indiana § 20-46-7-4 Duty; levy

Indiana Statutes

§ 20-46-7-4 — Duty; levy

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

(a)The governing body of each school corporation shall establish a levy in every calendar year sufficient to pay all obligations.

(b)This subsection applies to a school corporation that consolidates under IC 20-23-6-12.5. The governing body shall establish a levy for each subunit (as defined in IC 20-23-6-0.5) in each calendar year sufficient to pay the debts and obligations that the particular subunit incurred before consolidating with one (1) or more school corporations under IC 20-23-6-12.5. [Pre-2006 Recodification Citation: 21-2-4-3 part.]

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(a) The governing body of each school
corporation shall establish a levy in every calendar year sufficient to
pay all obligations.
(b) This subsection applies to a school corporation that consolidates
under IC 20-23-6-12.5. The governing body shall establish a levy for
each subunit (as defined in IC 20-23-6-0.5) in each calendar year
sufficient to pay the debts and obligations that the particular subunit
incurred before consolidating with one (1) or more school corporations
under IC 20-23-6-12.5.
[Pre-2006 Recodification Citation: 21-2-4-3 part.]

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