Sec. 7.5. (a) This section applies only to a school corporation.
(b) A leasing agent may not lease a structure, transportation project, or system unless the governing body of the school corporation determines, after investigation, that the structure, transportation project, or system is needed.
As added by P.L.257-2019, SEC.96.
Structure Indiana Code
Chapter 10. Leasing and Lease-Purchasing Structures
36-1-10-1. Application of Chapter
36-1-10-3. Persons Entitled to Lease Property to Political Subdivision or Agency
36-1-10-4.1. Leasing Agents; Compliance With Chapter; Procedure in Lease Without Option to Purchase
36-1-10-5. Leases Without Option to Purchase; Procedure
36-1-10-6. Limitation on Term of Lease
36-1-10-7.5. Lease of a Structure, Transportation System, or System by a School Corporation
36-1-10-11. Property Held in Fee Simple; Sale Procedure
36-1-10-13. Hearing; Procedure; Execution of Lease
36-1-10-14. Disagreement With Execution of Lease; Petition; Hearing; Decision
36-1-10-15. Actions to Contest Validity of Lease or to Enjoin Performance Under Lease
36-1-10-16. Conveyance of Structure to Lessor and Lease Back; Purchase Price; Option to Purchase
36-1-10-17. Annual Appropriation and Tax Levy
36-1-10-21. Not-for-Profit Corporations; Issuance and Sale of Bonds and Other Securities