Indiana Code 20-26-12-23. Borrowing to purchase curricular material
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Sec. 23. A school corporation may:
(2) issue notes, maturing serially in not more than four (4) years and payable from its education fund, to secure the loan.
(1) borrow money to buy curricular materials; and
Terms Used In Indiana Code 20-26-12-23
- 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.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-10.1-9-20.]
As added by P.L.1-2005, SEC.10. Amended by P.L.73-2011, SEC.12; P.L.286-2013, SEC.78; P.L.233-2015, SEC.172; P.L.128-2016, SEC.1; P.L.244-2017, SEC.52.