reglab/housing_qa huggingface dataset:
IN Code § 20-47-3-9 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 3. Private Holding Companies|20-47-3-9. Required Public Hearing; Notice of Lease Terms

Sec. 9. (a) After the lessor corporation and the school corporation or corporations have agreed upon the terms and conditions of a lease proposed to be entered into under this chapter, and before the final execution of the lease, a notice shall be given by publication to all persons interested of a hearing or joint hearing to be held before the governing body or governing bodies of the school corporations authorized to approve the lease. The hearing must be not earlier than:(1) ten (10) days afer publication of the notice, if new construction is proposed; or(2) thirty (30) days after publication of the notice, if improvement or expansion is proposed.(b) The notice required by subsection (a) must:(1) be published one (1) time in:(A) a newspaper of general circulation printed in the English language in the school corporation;(B) a newspaper described in clause (A) in each school corporation if the proposed lease is a joint lease; or(C) if no such paper is published in the school corporation, in any newspaper of general circulation published in the county;(2) name the date, time, and place of the hearing; and(3) set forth a brief summary of the principal terms of the lease agreed upon, including the:(A) location of the property to be leased;(B) name of the proposed lessor corporation;(C) character of the property to be leased;(D) rental to be paid; and(E) number of years the lease is to be in effect.The cost of publication of the notice shall be paid by the lessor corporation.(c) The proposed lease, drawings, plans, specifications, and estimates for the school building or buildings must be available for inspection by the public during the ten (10) day or thirty (30) day period described in subsection (a) and at the hearing under section 10 of this chapter.[Pre-2006 Recodification Citation: 21-5-12-7(a) part.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-3-10 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 3. Private Holding Companies|20-47-3-10. Conduct of Public Hearing; Lease Authorization Procedures

Sec. 10. (a) At the hearing, all interested persons have a right to be heard upon the necessity for the execution of the proposed lease and whether the rental to be paid to the lessor corporation under the proposed lease is a fair and reasonable rental for the proposed building. The hearing may be adjourned to a later date or dates.(b) Not later than thirty (30) days following the termination of the hearing, the governing body or bodies of the school corporation or corporations may by a majority vote of all members of the governing body or bodies:(1) authorize the execution of the lease as originally agreed upon; or(2) make modifications to the proposed lease as agreed upon with the lessor corporation.However, the lease rentals as set out in the published notice may not be increased.[Pre-2006 Recodification Citation: 21-5-12-7(a) part.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-3-12 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 3. Private Holding Companies|20-47-3-12. Limitation on Time to File Appeal

Sec. 12. An action to contest the validity of the lease or to enjoin the performance of any of the terms and conditions of the lease may not be instituted at any time later than:(1) thirty (30) days after publication of notice of the execution of the lease by the governing body or bodies of the school corporation or corporations; or(2) if an appeal is allowed under section 11 of this chapter and has been taken to the department of local government finance, thirty (30) days after the decision of the department of local government finance.[Pre-2006 Recodification Citation: 21-5-12-7(c).]As added by P.L.2-2006, SEC.170. Amended by P.L.146-2008, SEC.520.
IN Code § 20-47-3-13 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 3. Private Holding Companies|20-47-3-13. Acquisition of Land for Building Site; Sale to Lessor Corporation

Sec. 13. The lessor corporation shall acquire, own, and hold in fee simple the land on which a school building or buildings are to be erected under this chapter. A school corporation that proposes to lease a school building, either alone or jointly with another school corporation, and owns the land on which it desires to be erected the building or buildings may sell and transfer that land to the lessor corporation in fee simple, subject to the following conditions:(1) Before the sale may take place, the governing body of the school corporation must file a petition with the circuit court of the county in which the school corporation is located, requesting the appointment of:(A) one (1) disinterested freeholder of the school corporation as an appraiser; and(B) two (2) disinterested appraisers licensed under IC 25-34.1;who are residents of Indiana to determine the fair market value of the land. One (1) of the appraisers described in clause (B) must reside not more than fifty (50) miles from the land.(2) Upon appointment, the three (3) appraisers shall proceed to fix the fair market value of the land and shall report the amount fixed to the circuit court within two (2) weeks after the appointment.(3) The school corporation may sell the land to the lessor corporation for an amount not less than the amount fixed by the three (3) appraisers as the fair market value, which shall be paid in cash upon delivery of the deed by the school corporation to the lessor corporation. However, if the land was acquired by the school corporation within three (3) years immediately preceding the date of the filing of the petition with the circuit court, the land may not be sold for an amount less than the amount paid by the school corporation for the land.[Pre-2006 Recodification Citation: 21-5-12-8.]As added by P.L.2-2006, SEC.170. Amended by P.L.113-2006, SEC.16.
IN Code § 20-47-3-14 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 3. Private Holding Companies|20-47-3-14. Required Levy; Payment of Obligations

Sec. 14. A school corporation that executes a lease under this chapter shall annually appropriate and pay out of the debt service fund an amount sufficient to pay the lease rental required under the lease. The appropriation and rate are reviewable by other bodies vested by law with the authority to determine that the levy is sufficient to raise the amount required to meet the rental required under the lease.[Pre-2006 Recodification Citation: 21-5-12-9.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-3-15 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 3. Private Holding Companies|20-47-3-15. Exemption of Lessor Corporation Property From Taxes

Sec. 15. School buildings leased by a lessor corporation entering into a lease with a school corporation or corporations under this chapter are exempt from all state, county, and other taxes. However, the rental payments to a lessor corporation under the terms of such a lease are subject to all applicable taxes under Indiana law.[Pre-2006 Recodification Citation: 21-5-12-10.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-3-16 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 3. Private Holding Companies|20-47-3-16. Statutory Construction; Supplemental Legislation; Limitation of Application of Other Laws

Sec. 16. This chapter shall be construed as being supplemental to all other laws covering the acquisition, use, and maintenance of school buildings by school corporations. However, as to school buildings constructed or leased under this chapter, it is not necessary to comply with the provisions of other laws concerning the acquisition, use, and maintenance of school buildings by school corporations except as specifically required in this chapter.[Pre-2006 Recodification Citation: 21-5-12-11.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-3-17 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 3. Private Holding Companies|20-47-3-17. Lessor Corporation; Sale of Bonds and Securities; Mortgage Bonds

Sec. 17. (a) A corporation qualifying as a lessor corporation under this chapter may issue and sell bonds and other securities. Mortgage bonds issued by a lessor corporation that are a first lien on the leased property are legal and proper investments for state banks and trust companies, insurance companies, and fiduciaries.(b) Bonds and other securities issued by a lessor corporation under this section need not be sold under IC 5-1-11, and approval of the securities commissioner is not required in connection with the issuance and sale of the bonds.[Pre-2006 Recodification Citation: 21-5-12-12.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-3-18 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 3. Private Holding Companies|20-47-3-18. Termination of Lease; Disposition of Surplus Revenues

Sec. 18. (a) Upon the termination of a lease entered into under this chapter, the lessor corporation shall return to the school corporation any money held by the lessor corporation that exceeds the amount needed to retire bonds issued under this chapter and to dissolve the lessor corporation.(b) A school corporation shall deposit the money received under subsection (a) in its debt service fund or its operations fund.[Pre-2006 Recodification Citation: 21-5-12-13.]As added by P.L.2-2006, SEC.170. Amended by P.L.244-2017, SEC.110.
IN Code § 20-47-4-1 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 4. Lease of Existing School Building|20-47-4-1. Application

Sec. 1. This chapter applies to the lease by a school corporation of an existing school building or improved school building under IC 20-47-2 or IC 20-47-3.[Pre-2006 Recodification Citation: 21-5-9-1.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-4-2 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 4. Lease of Existing School Building|20-47-4-2. "Existing School Building"

Sec. 2. As used in this chapter, "existing school building":(1) includes a:(A) school building; or(B) building that after acquisition will be used as a school building; and(2) may include more than one (1) building.The term does not include a portable or relocatable building or classroom.[Pre-2006 Recodification Citation: 21-5-9-2(c).]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-4-3 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 4. Lease of Existing School Building|20-47-4-3. "Improved School Building"

Sec. 3. As used in this chapter, "improved school building" means an existing school building as improved, renovated, remodeled, or expanded by a lessor corporation.[Pre-2006 Recodification Citation: 21-5-9-2(d).]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-4-4 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 4. Lease of Existing School Building|20-47-4-4. "School Building"

Sec. 4. As used in this chapter, "school building" has the meaning set forth in IC 20-47-2-4 or IC 20-47-3-2.[2006 Recodification Citation: New.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-4-5 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 4. Lease of Existing School Building|20-47-4-5. Powers; Lessor Corporation; Acquisition and Financing of Existing or Improved School Building

Sec. 5. A lessor corporation qualified or formed to acquire a site, erect a school building on the site, and lease the school building to a school corporation under IC 20-47-2 or IC 20-47-3 may:(1) be qualified or formed to acquire, improve, or expand an existing school building;(2) acquire, improve, or expand an existing school building;(3) finance an existing school building or improved school building; and(4) lease an existing school building or improved school building to a school corporation under applicable law.[Pre-2006 Recodification Citation: 21-5-9-2(a).]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-4-6 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 4. Lease of Existing School Building|20-47-4-6. Powers; Acquisition and Financing of Existing School Building; Compliance With Other Laws

Sec. 6. (a) A lessor corporation may acquire and finance an existing school building, other than as provided in section 5 of this chapter, and lease the existing school building to a school corporation. A school corporation shall comply with:(1) IC 20-47-2 or IC 20-47-3;(2) the petition and remonstrance provisions under IC 6-1.1-20 (if required); and(3) the local public question provisions under IC 6-1.1-20 (if required).(b) A lease made under this section may provide for the payment of lease rentals by the school corporation for the use of the existing school building.(c) Lease rental payments made under the lease do not constitute a debt of the school corporation for purposes of the Constitution of the State of Indiana.(d) A new school building may be substituted for the existing school building under the lease if the substitution was included in the notices given under IC 20-47-2, IC 20-47-3, and IC 6-1.1-20. A new school building must be substituted for the existing school building upon completion of the new school building.[Pre-2006 Recodification Citation: 21-5-9-2(b) part.]As added by P.L.2-2006, SEC.170. Amended by P.L.146-2008, SEC.521.
IN Code § 20-47-4-7 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 4. Lease of Existing School Building|20-47-4-7. Limitation on Payment of Legal or Other Professional Fee

Sec. 7. A school corporation may not pay a legal or other professional fee as the result of an exchange or a substitution under section 5 or 6 of this chapter.[Pre-2006 Recodification Citation: 21-5-9-2(b) part.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-4-8 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 4. Lease of Existing School Building|20-47-4-8. Compliance With Other Laws

Sec. 8. (a) Except as provided in subsection (b), the lease or contract of lease of an existing school building or improved school building to a school corporation as authorized by this chapter must comply with all applicable terms of IC 20-47-2 or IC 20-47-3, including:(1) the notice of hearing on the lease;(2) public hearing;(3) notice of execution of lease; and(4) the submission of plans and specifications for the improvement or expansion of the existing school building for approval by the state agencies designated in IC 20-47-2 or IC 20-47-3 or otherwise required by law or rule.(b) If a school corporation is occupying and using an existing school building during the renovation, remodeling, or expansion of the building, the lease or contract of lease may provide for the payment of lease rental by the school corporation for the use of the building during renovation, remodeling, or expansion.[Pre-2006 Recodification Citation: 21-5-9-3.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-4-9 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 4. Lease of Existing School Building|20-47-4-9. Sales Price; Compliance With Other Laws

Sec. 9. The sale price of an existing school building must be determined under the provisions of IC 20-47-2 or IC 20-47-3 relating to the sale of land to a lessor corporation. Except as provided in this section, IC 20-26-7 and any other law relating to the sale of the property of school corporations or other public property do not apply to the sale of an existing school building to a lessor corporation under this chapter.[Pre-2006 Recodification Citation: 21-5-9-5.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-4-10 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 4. Lease of Existing School Building|20-47-4-10. Deposit of Proceeds From Sale

Sec. 10. A school corporation that sells an existing school building under section 6 of this chapter shall deposit the proceeds of the sale in the school corporation's operations fund and use the proceeds only for:(1) new construction of school buildings;(2) related site acquisition; and(3) related site development.However, any amount of the proceeds of the sale that are not used for a purpose described in subdivisions (1) through (3) within one (1) year after the school corporation receives the proceeds must be transferred to the school corporation's debt service fund.[Pre-2006 Recodification Citation: 21-5-9-6.]As added by P.L.2-2006, SEC.170. Amended by P.L.244-2017, SEC.111.
IN Code § 20-47-5-1 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 5. Payment of Rent by Annexed School Corporation|20-47-5-1. Existing Lease; Obligation of Annexing School Corporation

Sec. 1. (a) If a school corporation has leased a building or buildings under IC 20-47-2 or IC 20-47-3 and a part of the territory of the school corporation is later annexed to or otherwise acquired by another school corporation, the school corporation acquiring the territory shall pay to the school corporation whose territory is acquired the part of each lease rental payment as specified in this chapter.(b) Each payment of an acquiring school corporation described in subsection (a) must be in an amount that bears the same ratio to the lease rental payment coming due from the school corporation whose territory is acquired as the ratio of the net assessed valuation for tax purposes in the territory acquired bears to the net assessed valuation for tax purposes of all property in the school corporation whose territory is acquired, including the property acquired.(c) In the case of an annexation occurring after an annexation described in subsections (a) and (b), the part of the lease rental payments to be paid by the acquiring school corporation must be increased by the same ratio as the ratio described in subsection (b). The payments must be made to the school corporation whose territory is acquired before the date when the lease rental payments become due and owing.[Pre-2006 Recodification Citation: 21-5-10-1.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-5-2 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 5. Payment of Rent by Annexed School Corporation|20-47-5-2. Property Interest in Lease; Annexing School Corporation; Termination of Obligations of Annexed School Corporation

Sec. 2. If a building or buildings that have been leased under IC 20-47-2 are located in the territory annexed or acquired, as described in section 1 of this chapter:(1) the school corporation acquiring the territory:(A) shall pay the full amount of the lease rental payments due after the territory is annexed or acquired in accordance with the terms of the lease; and(B) succeeds to and possesses all the rights and is subject to the obligations of the lessee under the lease, including the right of occupancy and use of the building; and(2) all rights and obligations of the lessee school corporation named in the lease terminate.[Pre-2006 Recodification Citation: 21-5-10-2.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-6-1 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 6. Industry Collaboration Organization; Certification; Administration of Contributions|20-47-6-1. "Contribution"

Sec. 1. As used in this chapter, "contribution" means a contribution to an industry collaboration organization made for the purposes set forth in section 10 of this chapter.As added by P.L.143-2019, SEC.29.
IN Code § 20-47-6-2 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 6. Industry Collaboration Organization; Certification; Administration of Contributions|20-47-6-2. "Eligible Training Program"

Sec. 2. As used in this chapter, "eligible training program" means a training program that leads to the attainment of any of the following:(1) An industry certification that appears on the state board's industry certification list that is approved by the department of workforce development.(2) A postsecondary degree, certificate, or credential that:(A) is from a training provider; and(B) certifies occupational proficiency in a skilled trade.(3) A certificate of completion of an apprenticeship program (as defined in IC 20-43-8-0.3) that is established as a graduation pathway requirement under IC 20-32-4-1.5.As added by P.L.143-2019, SEC.29.
IN Code § 20-47-6-3 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 6. Industry Collaboration Organization; Certification; Administration of Contributions|20-47-6-3. "Qualifying Educational Training Program"

Sec. 3. As used in this chapter, "qualifying educational expenses" means:(1) tuition, fees, or expenses required to attend an eligible training program;(2) fees, books, supplies, and equipment required for courses of instruction in the eligible training program; and(3) any other training or educational expenses approved by the governor's workforce cabinet.As added by P.L.143-2019, SEC.29.
IN Code § 20-47-6-4 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 6. Industry Collaboration Organization; Certification; Administration of Contributions|20-47-6-4. "School"

Sec. 4. As used in this chapter, "school" means a public school, including a charter school, a state accredited nonpublic school, or an eligible school (as defined in IC 20-51-1-4.7).As added by P.L.143-2019, SEC.29. Amended by P.L.92-2020, SEC.96.
IN Code § 20-47-6-5 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 6. Industry Collaboration Organization; Certification; Administration of Contributions|20-47-6-5. "Student"

Sec. 5. As used in this chapter, "student" refers to an individual who:(1) has legal settlement in Indiana;(2) is at least five (5) years of age and less than twenty-two (22) years of age on the date in the school year specified in IC 20-33-2-7; and(3) is currently enrolled in a school.As added by P.L.143-2019, SEC.29.
IN Code § 20-47-6-6 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 6. Industry Collaboration Organization; Certification; Administration of Contributions|20-47-6-6. "Training Provider"

Sec. 6. As used in this chapter, "training provider" means any of the following:(1) A state educational institution (as defined in IC 21-7-13-32).(2) A postsecondary proprietary educational institution (as defined in IC 22-4.1-21-9).(3) A career and technical education provider established by a governing body (as defined in IC 20-18-2-5) under IC 20-37.(4) An entity approved by the governor's workforce cabinet to provide education or training to a student.(5) An industry collaboration organization.As added by P.L.143-2019, SEC.29.