Indiana Statutes
§ 20-47-2-20 — Required levy; payment of obligations
Indiana·Title 20 EDUCATION·Art. 47 RELATED ENTITIES; HOLDING COMPANIES;·Ch. 2 Public Holding Companies
A school corporation that executes a lease
under this chapter shall annually appropriate from its debt service fund
or general fund (before January 1, 2019) or operations fund (after
December 31, 2018) an amount sufficient to pay the lease rental
required under the lease. The appropriation is reviewable by other
bodies vested by law with such authority to ascertain that the specified
amount is sufficient to meet the lease rental required under the lease.
The first specific appropriation shall be made at the first budget period
following the date of the execution of the lease, and the first annual
appropriation must be sufficient to pay the estimated amount of the first
annual lease rental payment to be made under the lease. Thereafter, the
annual appropriations provided for in this section
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Legislative History
As added by P.L.2-2006, SEC.170. Amended by P.L.244-2017,
SEC.108.
Nearby Sections
15
§ 20-17-1-1
"Prior law"§ 20-17-1-2
Purpose of recodification§ 20-17-1-3
Statutory construction of recodification§ 20-17-1-4
Effect of recodification§ 20-17-1-5
Recodification of prior law§ 20-17-1-6
References to repealed statutes§ 20-17-1-7
References to citations§ 20-17-1-8
References to prior rules§ 20-17-1-9
References to prior law§ 20-17-2-1
"Prior law"§ 20-17-2-2
Purpose of recodification§ 20-17-2-3
Statutory construction of recodification§ 20-17-2-4
Effect of recodification§ 20-17-2-5
Recodification of prior law§ 20-17-2-6
References to repealed statutes