Indiana Code 20-44-2-3. Duty; rate necessary to pay obligations
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Sec. 3. The governing body shall annually levy a rate that will produce a sum sufficient to meet all payments of principal and interest as they mature in the year for which the levy is made on the:
(2) notes; or
(1) bonds;
Terms Used In Indiana Code 20-44-2-3
- 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.
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(3) other obligations;
of the school corporation.
[Pre-2006 Recodification Citation: 20-23-16-4(c).]
As added by P.L.2-2006, SEC.167.