Indiana Code 20-45-8-19. Use
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Terms Used In Indiana Code 20-45-8-19
- 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.
- tax: means the county supplemental school financing property tax to be levied by the board of county commissioners of a qualifying county under this chapter. See Indiana Code 20-45-8-12
Sec. 19. The purpose or purposes for which the receipts from the tax are used rests within the discretion of the administrative officer or governing board of each qualified school corporation. The budgets of the qualified school corporations must reflect the anticipated receipts from the tax. Appropriations shall be made of the receipts from the tax as other appropriations are made.
[Pre-2006 Recodification Citation: 21-2-13-5(e) part.]
As added by P.L.2-2006, SEC.168. Amended by P.L.233-2015, SEC.303.