Sec. 8. (a) Except as provided in subsection (b), the lease or contract of lease of an existing school building or improved school building to a school corporation as authorized by this chapter must comply with all applicable terms of IC 20-47-2 or IC 20-47-3, including:
(1) the notice of hearing on the lease;
(2) public hearing;
(3) notice of execution of lease; and
(4) the submission of plans and specifications for the improvement or expansion of the existing school building for approval by the state agencies designated in IC 20-47-2 or IC 20-47-3 or otherwise required by law or rule.
(b) If a school corporation is occupying and using an existing school building during the renovation, remodeling, or expansion of the building, the lease or contract of lease may provide for the payment of lease rental by the school corporation for the use of the building during renovation, remodeling, or expansion.
[Pre-2006 Recodification Citation: 21-5-9-3.]
As added by P.L.2-2006, SEC.170.
Structure Indiana Code
Article 47. Related Entities; Holding Companies; Lease Agreements
Chapter 4. Lease of Existing School Building
20-47-4-2. "Existing School Building"
20-47-4-3. "Improved School Building"
20-47-4-6. Powers; Acquisition and Financing of Existing School Building; Compliance With Other Laws
20-47-4-7. Limitation on Payment of Legal or Other Professional Fee
20-47-4-8. Compliance With Other Laws