Sec. 1. Sections 2 through 4 of this chapter apply if a township board finds at an annual or special meeting of the board, that:
(1) it is necessary to provide for the construction of a school building; and
(2) the cost of the building, or the proportional cost if it is a joint graded high school building, will exceed the sum available from an annual levy.
[Pre-2006 Recodification Citation: 21-2-3.1-1.]
As added by P.L.2-2006, SEC.171.
Structure Indiana Code
Article 48. Borrowing and Bonds
Chapter 4. Township School Building
20-48-4-2. Powers; Township Trustee; Issuance of Warrants or Bonds
20-48-4-3. Preparation of Specifications for Bidders; Competitive Bids; Contracts
20-48-4-4. Effect of Noncompliance With Law
20-48-4-6. Petition; Alteration, Construction, or Addition of School Building
20-48-4-7. Approval by Department of Local Government Finance