Indiana Statutes
§ 20-47-2-23 — Termination of lease; disposition of surplus revenues
Indiana § 20-47-2-23
JurisdictionIndiana
Title 20EDUCATION
Art. 47RELATED ENTITIES; HOLDING COMPANIES;
Ch. 2Public Holding Companies
This text of Indiana § 20-47-2-23 (Termination of lease; disposition of surplus revenues) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 20-47-2-23 (2026).
Text
(a)Upon the termination of a lease entered
into under this chapter, the lessor corporation shall return to the school
corporation any money held by the lessor corporation that exceeds the
amount needed to retire bonds issued under this chapter and to dissolve
the lessor corporation.
(b)A school corporation shall deposit the money received under
subsection (a) in its debt service fund or operations fund.
[Pre-2006 Recodification Citation: 21-5-11-17.]
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Legislative History
As added by P.L.2-2006, SEC.170. Amended by P.L.244-2017,
SEC.109.
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References to repealed statutes§ 20-17-1-7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References to repealed statutesCite This Page — Counsel Stack
Bluebook (online)
Indiana § 20-47-2-23, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/20-47-2-23.