Indiana Code 20-40-9-9. Uses; community school corporations
Current as of: 2023 | Check for updates
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Terms Used In Indiana Code 20-40-9-9
- fund: refers to a debt service fund established under section 4 of this chapter. See Indiana Code 20-40-9-2
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
Sec. 9. Money in the fund may be used to pay lease rental obligations, school bonds and coupons, and civil bond obligations assumed by school corporations reorganized under IC 20-23-4.
[Pre-2006 Recodification Citation: 21-2-4-2 part.]
As added by P.L.2-2006, SEC.163.