Sec. 5. If the advertised levy is insufficient to produce revenue to meet all obligations for any calendar year, the department of local government finance may establish a levy greater than advertised if necessary to meet the school corporation's obligations.
Ind. Code § 20-46-7-5
Conditions; levy in excess of advertised levy
Applied in 1 court decision — leading case Gary Community School Corp. v. Indiana Department of Local Government Finance (2014)
Most recently applied in Gary Community School Corp. v. Indiana Department of Local Government Finance (August 2014)
As added by P.L.2-2006, SEC.169.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.