Sec. 23. A school corporation may:
(1) borrow money to buy curricular materials; and
(2) issue notes, maturing serially in not more than four (4) years and payable from its education fund, to secure the loan.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-10.1-9-20.]
As added by P.L.1-2005, SEC.10. Amended by P.L.73-2011, SEC.12; P.L.286-2013, SEC.78; P.L.233-2015, SEC.172; P.L.128-2016, SEC.1; P.L.244-2017, SEC.52.
Structure Indiana Code
Article 26. School Corporations: General Administrative Provisions
Chapter 12. Curricular Material
20-26-12-1. Mandatory Purchase and Rental; Public School Students
20-26-12-2. Purchase and Rental; Rental Fee; Limitations
20-26-12-23. Borrowing to Purchase Curricular Material
20-26-12-24. Local Curricular Material Selection