Sec. 3. The governing body shall annually levy a rate that will produce a sum sufficient to meet all payments of principal and interest as they mature in the year for which the levy is made on the:

(1) bonds;

Terms Used In Indiana Code 20-44-2-3

  • 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.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) notes; or

(3) other obligations;

of the school corporation.

[Pre-2006 Recodification Citation: 20-23-16-4(c).]

As added by P.L.2-2006, SEC.167.

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