Indiana Code 20-40-21-4. Use of the money in the fund for debt service
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Terms Used In Indiana Code 20-40-21-4
- 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.
- fund: refers to a school safety referendum debt service fund established under section 2 of this chapter. See Indiana Code 20-40-21-1
Sec. 4. The fund may be used only to pay for the school corporation‘s debt service on bonds or obligations issued or incurred to pay for school safety referendum tax levy purposes described in IC 20-40-20-6(a).
As added by P.L.272-2019, SEC.9.