Indiana Code 20-23-12.1-5. Gary community school corporation governing body; submission of financial position and operation report to distressed unit appeal board
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Terms Used In Indiana Code 20-23-12.1-5
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
Sec. 5. Not later than October 31, 2025, and each October 31 thereafter, the governing body shall submit to the distressed unit appeal board a report summarizing the financial position and operations of the school corporation for the previous state fiscal year. The report shall include any additional information requested by the distressed unit appeal board and be in the form specified by the distressed unit appeal board.
As added by P.L.184-2023, SEC.42.