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.
[Pre-2006 Recodification Citation: 21-2-4-3 part.]
As added by P.L.2-2006, SEC.169.
Structure Indiana Code
Article 46. Levies Other Than General Fund Levies
20-46-7-5. Conditions; Levy in Excess of Advertised Levy
20-46-7-6. Levy; Advance From State
20-46-7-7. Levy; Advance; Common School Fund
20-46-7-8. School Bus Purchases or Leases; Exemptions From Restrictions
20-46-7-9. Review by Department of Local Government Finance
20-46-7-10. Approval; Required Study of Classroom Space
20-46-7-11. Approval; Factors Considered; No Authority to Review or Approve Financing
20-46-7-12. Maximum Term of Bonds
20-46-7-14. Payments Toward Principal Required on at Least Annual Basis