§ 20-47-2-11 — Required public hearing; notice of lease terms

Indiana § 20-47-2-11

• Jurisdiction: Indiana
• Title 20: EDUCATION
• Art. 47: RELATED ENTITIES; HOLDING COMPANIES
• Ch. 2: Public Holding Companies

Text

(a) After the lessor corporation and the
school corporation or corporations have agreed upon the terms and
conditions of a lease proposed to be entered into under this chapter, and
before the final execution of the lease, a notice shall be given by
publication to all persons interested of a hearing or joint hearing to be
held before the governing body or governing bodies of the school
corporation or corporations authorized to approve the lease. The
hearing must be not earlier than:
(1) ten (10) days after publication of the notice, if new
construction is proposed; or
(2) thirty (30) days after publication of the notice, if improvement
or expansion is proposed.
(b) The notice required by subsection (a) must:
(1) be published one (1) time in:
(A) a newspaper of general circulation printed in the English
language in the school corporation;
(B) a newspaper described in clause (A) in each school
corporation if the proposed lease is a joint lease; or
(C) if no such paper is published in the school corporation, in
any newspaper of general circulation published in the county;
(2) name the date, time, and place of the hearing; and
(3) set forth a brief summary of the principal terms of the lease
agreed upon, including the:
(A) location of the property to be leased;
(B) name of the proposed lessor corporation;
(C) character of the property to be leased;
(D) rental to be paid; and
(E) number of years the lease is to be in effect.
The cost of publishing the notice shall be borne by the lessor
corporation.
(c) The proposed lease, drawings, plans, specifications, and
estimates for the school building or buildings must be available for
inspection by the public during the ten (10) day or thirty (30) day
period described in subsection (a) and at the hearing under section 12
of this chapter.
[Pre-2006 Recodification Citation: 21-5-11-7(a).]

Legislative History

As added by P.L.2-2006, SEC.170.