Indiana Statutes
§ 20-47-2-23 — Termination of lease; disposition of surplus revenues
Indiana·Title 20 EDUCATION·Art. 47 RELATED ENTITIES; HOLDING COMPANIES;·Ch. 2 Public Holding Companies
(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References to repealed statutes§ 20-17-1-7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References to repealed statutes