Indiana Code 20-19-7-12. DUAB determination of whether a corrective action plan is necessary
(1) the assessment of a school corporation‘s financial condition under section 11 of this chapter; and
Terms Used In Indiana Code 20-19-7-12
- 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.
- DUAB: means the distressed unit appeal board. See Indiana Code 20-19-7-1
the DUAB shall make a determination of whether a corrective action plan is necessary for the school corporation.
(b) If the DUAB makes a determination that a corrective action plan is necessary for the school corporation, the DUAB shall notify the governing body and the superintendent of the school corporation that the school corporation must develop and submit to the DUAB a corrective action plan for the school corporation within ninety (90) days after the notice is provided.
(c) If a school corporation does not prepare and submit a corrective action plan to the DUAB within ninety (90) days after the notice is provided under subsection (b), the DUAB shall place the school corporation on the watch list under section 17 of this chapter.
As added by P.L.213-2018(ss), SEC.15. Amended by P.L.184-2023, SEC.22; P.L.236-2023, SEC.140.