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Terms Used In Indiana Code 20-40-20-4

  • 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 tax levy fund established under section 4 of this chapter. See Indiana Code 20-40-20-1
  • levy: refers to a school safety referendum tax levy imposed under IC 20-46-9 for the fund. See Indiana Code 20-40-20-2
   Sec. 4. The governing body of each school corporation for which a levy is approved under IC 20-46-9 shall establish a school safety referendum tax levy fund.

As added by P.L.272-2019, SEC.8.