Indiana Code 20-26-7-18. Authorization of bonds for purchase or improvement of property and buildings; issuance conditions and procedure
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Terms Used In Indiana Code 20-26-7-18
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- 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.
Sec. 18. Subject to IC 5-1-11.5, a school corporation may issue and sell bonds under the general statutes governing the issuance of bonds to purchase and improve buildings or lands, or both. All laws relating to approval (if required) in a local public question under IC 6-1.1-20, the filing of petitions, remonstrances, and objecting petitions, giving notices of the filing of petitions, the determination to issue bonds, and the appropriation of the proceeds of the bonds are applicable to the issuance of bonds under section 17 of this chapter.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-28-2.]
As added by P.L.1-2005, SEC.10. Amended by P.L.146-2008, SEC.467; P.L.184-2015, SEC.10; P.L.233-2015, SEC.115; P.L.118-2016, SEC.9; P.L.244-2017, SEC.48; P.L.250-2023, SEC.19.