Indiana Code 36-1.5-6-4. Use of grant
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Sec. 4. A reorganized school corporation that receives a grant under this chapter may use the grant for one (1) or more of the following purposes:
(2) Providing salary bonuses to teachers. A bonus provided under this chapter is not subject to collective bargaining under IC 20-29-6, but a discussion of the bonus must be held.
(1) Payment of expenses associated with the reorganization, including professional service fees, legal costs, and necessary capital expenditures.
Terms Used In Indiana Code 36-1.5-6-4
- 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.
As added by P.L.217-2017, SEC.160.