Indiana § 20-47-4-5 Powers; lessor corporation; acquisition and financing of existing or
improved school building

Indiana Statutes

§ 20-47-4-5 — Powers; lessor corporation; acquisition and financing of existing or improved school building

Indiana·Title 20 EDUCATION·Art. 47 RELATED ENTITIES; HOLDING COMPANIES;·Ch. 4 Lease of Existing School Building

A lessor corporation qualified or formed to acquire a site, erect a school building on the site, and lease the school building to a school corporation under IC 20-47-2 or IC 20-47-3 may:

(1)be qualified or formed to acquire, improve, or expand an existing school building;

(2)acquire, improve, or expand an existing school building;

(3)finance an existing school building or improved school building; and

(4)lease an existing school building or improved school building to a school corporation under applicable law. [Pre-2006 Recodification Citation: 21-5-9-2(a).]

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A lessor corporation qualified or formed to
acquire a site, erect a school building on the site, and lease the school
building to a school corporation under IC 20-47-2 or IC 20-47-3 may:
(1) be qualified or formed to acquire, improve, or expand an
existing school building;
(2) acquire, improve, or expand an existing school building;
(3) finance an existing school building or improved school
building; and
(4) lease an existing school building or improved school building
to a school corporation under applicable law.
[Pre-2006 Recodification Citation: 21-5-9-2(a).]

Indiana § 20-47-4-5 (Powers; lessor corporation; acquisition and financing of existing or improved school building) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.