Section 20-46-7-4 - Duty; levy(a) The governing body of each school corporation shall establish a levy in every calendar year sufficient to pay all obligations.(b) This subsection applies to a school corporation that consolidates under IC 20-23-6-12.5. The governing body shall establish a levy for each subunit (as defined in IC 20-23-6-0.5 ) in each calendar year sufficient to pay the debts and obligations that the particular subunit incurred before consolidating with one (1) or more school corporations under IC 20-23-6-12.5.Pre-2006 Recodification Citation: 21-2-4-3 part.
Amended by P.L. 169-2017,SEC. 9, eff. 7/1/2017.As added by P.L. 2-2006, SEC.169.