Sec. 21. A school corporation to which an advance is made for a school building construction program may annually levy a property tax in the debt service fund to replace the amount deducted under this chapter in the current year from the distribution of state tuition support. The amount received from the tax must be transferred from the debt service fund to the education fund.
Ind. Code § 20-49-4-21
Power; levy; school building construction program; replacement of amount deducted from state tuition support
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.172
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.