Sec. 9. If the amount that would be deposited in the fund of a school corporation for a particular calendar year is less than ten thousand dollars ($10,000), no money shall be deposited in the fund of the school corporation for that year.
[Pre-2006 Recodification Citation: 6-1.1-19-1.7(h).]
As added by P.L.2-2006, SEC.167. Amended by P.L.244-2017, SEC.93.
Structure Indiana Code
Article 44. Property Tax Levies; General Provisions
Chapter 3. Application of Levy Excess to Reduce Property Taxes
20-44-3-2. "Levy Excess" Defined; Limitation
20-44-3-3. Validity; Levy Excess
20-44-3-4. Required Deposit of Levy Excess; Levy Excess Fund
20-44-3-5. Inclusion of Balance in Budget
20-44-3-6. Expenditure After Appropriation; Reduction of Maximum Levy