Indiana Code 36-10-14-5. Lease or purchase of nonschool property
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Terms Used In Indiana Code 36-10-14-5
- board: refers to a board of school trustees in a third class city. See Indiana Code 36-10-14-2
- 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
Sec. 5. The board may lease or purchase grounds in addition to the school grounds, either adjacent to the school grounds or elsewhere in the city. The board may also, under eminent domain statutes, condemn ground to be used for these purposes and pay for condemned ground out of the school revenues of the city not otherwise appropriated.
[Pre-2006 Education Finance Recodification Citation: 20-26-8-4(a) part.]
As added by P.L.2-2006, SEC.197.