Sec. 3. The governing body of each school corporation for which a levy is:

(1) transferred; or

Terms Used In Indiana Code 20-40-3-3

  • 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.
  • fund: refers to an operating referendum tax levy fund established under section 3 of this chapter. See Indiana Code 20-40-3-1
  • levy: refers to a property tax levy imposed under IC 20-46-1 for the fund. See Indiana Code 20-40-3-2
(2) approved;

under IC 20-46-1 shall establish an operating referendum tax levy fund.

[Pre-2006 Recodification Citation: 21-2-11.6-3(a).]

As added by P.L.2-2006, SEC.163. Amended by P.L.244-2017, SEC.74.