Indiana Code 6-1.1-21.4-2. “Eligible school corporation”
(1) A school corporation located in a county in which distributions of property tax revenue for 2007 or 2008 to the taxing units (as defined in IC 6-1.1-1-21) of the county:
Terms Used In Indiana Code 6-1.1-21.4-2
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- board: refers to the state board of finance. See Indiana Code 6-1.1-21.4-1
- 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.
- eligible school corporation: refers to any of the following:
Indiana Code 6-1.1-21.4-2
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(B) were delayed by more than sixty (60) days after either due date specified in IC 6-1.1-22-9.
(2) A school corporation that is:
(A) designated by the distressed unit appeal board as a distressed political subdivision under IC 6-1.1-20.3; or
(B) approved for a loan by the distressed unit appeal board under IC 6-1.1-20.3-8.3.
(3) A school corporation that had a loan from the counter-cyclical revenue and economic stabilization fund denied in October 2013. However, the school corporation is not an eligible school corporation if in 2014 the voters approve a referendum tax levy for the school corporation under IC 20-46-1.
As added by P.L.131-2008, SEC.5. Amended by P.L.145-2012, SEC.16; P.L.166-2014, SEC.5.