§ 20-47-4-1 Application
§ 20-47-4-2 “Existing school building”
§ 20-47-4-3 “Improved school building”
§ 20-47-4-4 “School building”
§ 20-47-4-5 Powers; lessor corporation; acquisition and financing of existing or 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
§ 20-47-4-9 Sales price; compliance with other laws
§ 20-47-4-10 Deposit of proceeds from sale
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Terms Used In Indiana Code > Title 20 > Article 47 > Chapter 4 - Lease of Existing School Building

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • improved school building: means an existing school building as improved, renovated, remodeled, or expanded by a lessor corporation. See Indiana Code 20-47-4-3
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • school building: has the meaning set forth in IC 20-47-2-4 or IC 20-47-3-2. See Indiana Code 20-47-4-4
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5