§ 36-4-8-15.5 — City or county agreement for school construction or renovation

Indiana § 36-4-8-15.5

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 4: GOVERNMENT OF CITIES AND TOWNS
• Ch. 8: Miscellaneous City Fiscal and Administrative Provisions

Text

5. (a) This section applies to:
(1) a city or county in which a riverboat (as defined in IC 4-33-2-17) is docked or located or gambling games (as defined in
IC 4-35-2-5) are located; and
(2) a school corporation that is located in any part in a county
described in subdivision (1) or in a county in which a city
described in subdivision (1) is located.
(b) A city or county may do any of the following:
(1) Enter into one (1) or more agreements or leases with the
school corporation or another public or private entity to provide
for the construction or renovation of a school building that will be
used by the school corporation. The agreements and leases may
provide for the financing of the construction or renovation of the
school building.
(2) A school building constructed or renovated as provided in
subdivision (1) may be donated, sold, or leased to the school
corporation under the conditions determined by the school
corporation and the city or county.
(3) The city or county may use any revenues (including any
gaming revenues) to pay for the construction or renovation of the
school building or to finance the construction or renovation of the
school building.

Legislative History

As added by P.L.182-2009(ss), SEC.403.