Indiana Code 20-19-7-8. DUAB policies and procedures
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Sec. 8. The DUAB may adopt policies and procedures that will be used by the DUAB to implement this chapter. Policies and procedures adopted under this section may include processes that will be used by the DUAB to do the following:
(2) Determine when a corrective action plan is necessary for a school corporation.
(1) Identify school corporations that demonstrate signs of financial distress.
Terms Used In Indiana Code 20-19-7-8
- 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
(3) Determine the conditions that must be satisfied before a school corporation:
(A) will no longer be subject to a corrective action plan; and
(B) will be considered as financially healthy.
As added by P.L.213-2018(ss), SEC.15. Amended by P.L.184-2023, SEC.18; P.L.236-2023, SEC.136.