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Terms Used In Indiana Code 20-24-14-6

  • 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
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • program: refers to the charter school facility grant program established by section 4 of this chapter. See Indiana Code 20-24-14-3
   Sec. 6. Money appropriated by the general assembly to the program may not be considered as a stream of revenue against which any bond, lease, or other obligation may be pledged.

As added by P.L.189-2023, SEC.6.