Sec. 14. A school corporation that executes a lease under this chapter shall annually appropriate and pay out of the debt service fund an amount sufficient to pay the lease rental required under the lease. The appropriation and rate are reviewable by other bodies vested by law with the authority to determine that the levy is sufficient to raise the amount required to meet the rental required under the lease.
[Pre-2006 Recodification Citation: 21-5-12-9.]
As added by P.L.2-2006, SEC.170.
Structure Indiana Code
Article 47. Related Entities; Holding Companies; Lease Agreements
Chapter 3. Private Holding Companies
20-47-3-4. Qualifications of Lessor Corporation
20-47-3-5. Required Terms of Lease Agreement; Option to Purchase
20-47-3-6. Lessor Corporation; Submission of Preliminary Plans
20-47-3-7. Permissible Provisions of Lease; Payment of Taxes; Insurance
20-47-3-8. Lease Preceding Acquisition of Land
20-47-3-9. Required Public Hearing; Notice of Lease Terms
20-47-3-10. Conduct of Public Hearing; Lease Authorization Procedures
20-47-3-11. Notice of Signing of Lease; Appeal
20-47-3-12. Limitation on Time to File Appeal
20-47-3-13. Acquisition of Land for Building Site; Sale to Lessor Corporation
20-47-3-14. Required Levy; Payment of Obligations
20-47-3-15. Exemption of Lessor Corporation Property From Taxes
20-47-3-17. Lessor Corporation; Sale of Bonds and Securities; Mortgage Bonds
20-47-3-18. Termination of Lease; Disposition of Surplus Revenues