§ 20-47-3-1 Application
§ 20-47-3-2 “School building”
§ 20-47-3-3 Powers; lease of school building; maximum term of lease; required terms of joint lease involving more than one school corporation
§ 20-47-3-4 Qualifications of lessor corporation
§ 20-47-3-5 Required terms of lease agreement; option to purchase
§ 20-47-3-6 Lessor corporation; submission of preliminary plans
§ 20-47-3-7 Permissible provisions of lease; payment of taxes; insurance
§ 20-47-3-8 Lease preceding acquisition of land
§ 20-47-3-9 Required public hearing; notice of lease terms
§ 20-47-3-10 Conduct of public hearing; lease authorization procedures
§ 20-47-3-11 Notice of signing of lease; appeal
§ 20-47-3-12 Limitation on time to file appeal
§ 20-47-3-13 Acquisition of land for building site; sale to lessor corporation
§ 20-47-3-14 Required levy; payment of obligations
§ 20-47-3-15 Exemption of lessor corporation property from taxes
§ 20-47-3-16 Statutory construction; supplemental legislation; limitation of application of other laws
§ 20-47-3-17 Lessor corporation; sale of bonds and securities; mortgage bonds
§ 20-47-3-18 Termination of lease; disposition of surplus revenues

Terms Used In Indiana Code > Title 20 > Article 47 > Chapter 3 - Private Holding Companies

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • 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.
  • Deed: The legal instrument used to transfer title in real property from one person to another.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
  • in writing: include printing, lithographing, or other mode of representing words and letters. See Indiana Code 1-1-4-5
  • Joint meeting: An occasion, often ceremonial, when the House and Senate each adopt a unanimous consent agreement
  • 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
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • school building: means a building used as part of or in connection with the operation of schools and includes the:

    Indiana Code 20-47-3-2

  • Statute: A law passed by a legislature.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5