Indiana Code 20-49-2-16. Power; levy to replace amount deducted from state tuition support
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Terms Used In Indiana Code 20-49-2-16
- advancement: refers to an advance payment to a school corporation under this chapter. See Indiana Code 20-49-2-1
- 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
Sec. 16. A school corporation receiving an advancement under this chapter may annually levy a tax in the debt service fund to replace the amount deducted in the current year from the distribution of state tuition support under this chapter. The amount received from the tax shall be transferred from the debt service fund to the education fund.
[Pre-2006 Recodification Citation: 21-1-11-8.]
As added by P.L.2-2006, SEC.172. Amended by P.L.244-2017, SEC.119.