reglab/housing_qa huggingface dataset:
IN Code § 20-46-9-19 (2021)
2021 Indiana Code|Title 20. Education|Article 46. Levies Other Than General Fund Levies|Chapter 9. School Safety Referendum Tax Levy|20-46-9-19. Rejection by Voters; Waiting Period for New Referendum

Sec. 19. (a) If a majority of the persons who voted in the referendum did not vote "yes" on the referendum question:(1) the school corporation may not make any levy for its school safety referendum tax levy fund; and(2) another referendum under this chapter may not be held earlier than:(A) except as provided in clause (B), seven hundred (700) days after the date of the referendum; or(B) three hundred fifty (350) days after the date of the referendum, if a petition that meets the requirements of subsection (b) is submitted to the county auditor.(b) If a majority of the persons who voted in the referendum did not vote "yes" on the referendum question, a petition may be submitted to the county auditor to request that the limit under subsection (a)(2)(B) applies to the holding of a subsequent referendum by the school corporation. If such a petition is submitted to the county auditor and is signed by the lesser of:(1) five hundred (500) persons who are either owners of property within the school corporation or registered voters residing within the school corporation; or(2) five percent (5%) of the registered voters residing within the school corporation;the limit under subsection (a)(2)(B) applies to the holding of a second referendum by the school corporation, and the limit under subsection (a)(2)(A) does not apply to the holding of a second referendum by the school corporation.As added by P.L.272-2019, SEC.12.
IN Code § 20-46-9-20 (2021)
2021 Indiana Code|Title 20. Education|Article 46. Levies Other Than General Fund Levies|Chapter 9. School Safety Referendum Tax Levy|20-46-9-20. Limitations on Successive Referenda

Sec. 20. (a) If a referendum is approved by the voters in a school corporation under this chapter in a calendar year, another referendum may not be placed on the ballot in the school corporation under this chapter in the following calendar year.(b) Notwithstanding any other provision of this chapter and in addition to the restriction specified in subsection (a), if a school corporation imposes in a calendar year a referendum levy approved in a referendum under this chapter, the school corporation may not simultaneously impose in that calendar year more than one (1) additional referendum levy approved in a subsequent referendum under this chapter.As added by P.L.272-2019, SEC.12.
IN Code § 20-47-1-1 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 1. Public Foundations|20-47-1-1. "Proceeds From Riverboat Gaming"

Sec. 1. As used in this chapter, "proceeds from riverboat gaming" means tax revenue received by a political subdivision under IC 4-33-12-6, IC 4-33-13, or an agreement to share a city's or county's part of the tax revenue.[Pre-2006 Recodification Citation: 20-26-5-21(b).]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-1-2 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 1. Public Foundations|20-47-1-2. "Public School Endowment Corporation"

Sec. 2. As used in this chapter, "public school endowment corporation" means a corporation that is:(1) organized under the Indiana Nonprofit Corporation Act of 1991 (IC 23-17);(2) organized exclusively for educational, charitable, and scientific purposes; and(3) formed to provide educational resources to:(A) a particular school corporation or school corporations; or(B) the schools in a particular geographic area.[Pre-2006 Recodification Citation: 20-26-5-21(a).]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-1-2.5 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 1. Public Foundations|20-47-1-2.5. "Qualified Foundation"

Sec. 2.5. As used in this chapter, "qualified foundation" means:(1) a nonprofit charitable community foundation; or(2) a public school endowment corporation.As added by P.L.11-2008, SEC.1.
IN Code § 20-47-1-3 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 1. Public Foundations|20-47-1-3. Political Subdivisions; Donations of Gaming Revenues to Public School Endowment Corporations

Sec. 3. (a) As used in this section, "gaming revenue" has the meaning set forth in IC 36-1-14-1(b).(b) A political subdivision may donate gaming revenue to a public school endowment corporation under the following conditions:(1) The public school endowment corporation retains all rights to the donation, including investment powers.(2) The public school endowment corporation agrees to return the donation to the political subdivision if the corporation:(A) loses the corporation's status as a public charitable organization;(B) is liquidated; or(C) violates any condition of the endowment set by the fiscal body of the political subdivision.[Pre-2006 Recodification Citation: 20-26-5-21(d).]As added by P.L.2-2006, SEC.170. Amended by P.L.142-2009, SEC.29.
IN Code § 20-47-1-4 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 1. Public Foundations|20-47-1-4. Public School Endowment Corporation; Distributions From Principal and Income

Sec. 4. A public school endowment corporation may distribute both principal and income.[Pre-2006 Recodification Citation: 20-26-5-21(e).]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-1-5 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 1. Public Foundations|20-47-1-5. School Corporations; Powers; Donations to Foundation

Sec. 5. (a) The governing body of a school corporation may donate the proceeds of a grant, a gift, a donation, an endowment, a bequest, a trust, an agreement to share tax revenue received by a city or county under IC 4-33-12-6 or IC 4-33-13, or an agreement to share revenue received by a political subdivision under IC 4-35-8.5, or other funds not generated from taxes levied by the school corporation, to a foundation under the following conditions:(1) The foundation is a charitable nonprofit community foundation.(2) The foundation retains all rights to the donation, including investment powers, except as provided in subdivision (3).(3) The foundation agrees to do the following:(A) Hold the donation as a permanent endowment.(B) Distribute the income from the donation only to the school corporation as directed by resolution of the governing body of the school corporation.(C) Return the donation to the operations fund of the school corporation if the foundation:(i) loses the foundation's status as a public charitable organization;(ii) is liquidated; or(iii) violates any condition of the endowment set by the governing body of the school corporation.(b) A school corporation may use income received under this section from a community foundation only for purposes of the school corporation.[Pre-2006 Recodification Citation: 20-26-5-22.]As added by P.L.2-2006, SEC.170. Amended by P.L.142-2009, SEC.30; P.L.244-2017, SEC.107.
IN Code § 20-47-2-1 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 2. Public Holding Companies|20-47-2-1. Application

Sec. 1. This chapter does not apply to a:(1) school corporation;(2) joint school corporation; or(3) consolidated school corporation;the schools of which do not have a total enrollment of at least two hundred fifty (250) pupils.[Pre-2006 Recodification Citation: 21-5-11-15 part.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-2-2 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 2. Public Holding Companies|20-47-2-2. "Capital Actually Invested"

Sec. 2. As used in this chapter, "capital actually invested" includes the following amounts expended by a lessor corporation:(1) Organization and incorporation expenses.(2) Financing costs.(3) Carrying charges.(4) Legal fees.(5) Architects' fees.(6) Contractors' fees.(7) Reasonable costs and expenses incidental thereto.[Pre-2006 Recodification Citation: 21-5-11-3 part.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-2-3 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 2. Public Holding Companies|20-47-2-3. "Lessor Corporation"

Sec. 3. As used in this chapter, "lessor corporation" means a corporation described in section 6 of this chapter.[2006 Recodification Citation: New.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-2-4 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 2. Public Holding Companies|20-47-2-4. "School Building"

Sec. 4. As used in this chapter, "school building" means a building used as a part of or in connection with the operation of a school and includes the:(1) site for the building;(2) equipment for the building; and(3) appurtenances to the building, such as heating facilities, water supply, sewage disposal, landscaping, walks, drives, and playgrounds.However, the term does not include a building that is designed for and to be used exclusively for interschool athletic contests.[Pre-2006 Recodification Citation: 21-5-11-1(b).]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-2-5 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 2. Public Holding Companies|20-47-2-5. Powers; Lease of School Building

Sec. 5. (a) A school corporation may lease a school building or buildings for the use of:(1) the school corporation; or(2) a joint or consolidated school district of which the school corporation is a part or to which it contributes;for a term not to exceed thirty (30) years.(b) A school corporation may not enter into a lease under this section unless the governing body, after investigation, determines that a need exists for the school building and that the school corporation cannot provide the necessary funds to pay the cost or its proportionate share of the cost of the school building or buildings required to meet the present needs.(c) If two (2) or more school corporations propose to jointly enter into a lease under this section, joint meetings of the governing bodies of the school corporations may be held, but action taken at a joint meeting is not binding on any of those school corporations unless approved by a majority of the governing body of those school corporations. A lease executed by two (2) or more school corporations as joint lessees must:(1) set out the amount of the total lease rental to be paid by each lessee, which may be as agreed upon; and(2) provide that:(A) there is no right of occupancy by any lessee unless the total rental is paid as stipulated in the lease; and(B) all rights of joint lessees under the lease are in proportion to the amount of lease rental paid by each lessee.[Pre-2006 Recodification Citation: 21-5-11-1 part.]As added by P.L.2-2006, SEC.170. Amended by P.L.233-2015, SEC.304.
IN Code § 20-47-2-6 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 2. Public Holding Companies|20-47-2-6. Qualifications of Lessor Corporation; Permissible Interest; Return of Capital; Recovery of Expenses

Sec. 6. (a) A school corporation or corporations may enter into a lease under this chapter only with a corporation organized under Indiana law solely for the purpose of acquiring a site, erecting a suitable school building or buildings on that site, leasing the building or buildings to the school corporation or corporations, collecting the rentals under the lease, and applying the proceeds of the lease in the manner provided in this chapter.(b) A lessor corporation described in subsection (a):(1) must, except as provided in subdivision (2), act entirely without profit to the lessor corporation or its officers, directors, and stockholders;(2) is entitled to the return of capital actually invested, plus interest or dividends on outstanding securities or loans, not to exceed five percent (5%) per annum and the cost of maintaining the lessor corporation's corporate existence and keeping its property free of encumbrance; and(3) upon receipt of any amount of lease rentals exceeding the amount described in subdivision (2), apply the excess funds to the redemption and cancellation of the lessor corporation's outstanding securities or loans as soon as may be done.[Pre-2006 Recodification Citation: 21-5-11-2.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-2-7 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 2. Public Holding Companies|20-47-2-7. Required Terms of Lease Agreement

Sec. 7. (a) A lease entered into under this chapter must include the following provisions:(1) An option for the school corporation or corporations to renew the lease for a further term on similar conditions.(2) An option for the school corporation or corporations to purchase the property covered by the lease after six (6) years from the execution of the lease and before the expiration of the term of the lease, on the date or dates in each year as may be fixed in the lease. The purchase price:(A) must be equal to the amount required to enable the lessor corporation owning the property to liquidate by paying all indebtedness, with accrued and unpaid interest, redeeming and retiring any stock at par, and paying the expenses and charges of liquidation; and(B) may not exceed the capital actually invested in the property by the lessor corporation represented by outstanding securities or existing indebtedness, plus the cost of transferring the property and liquidating the lessor corporation.(b) A lease entered into under this chapter may not provide or be construed to provide that a school corporation is under any obligation to purchase a leased school building or buildings, or under any obligation in respect to any creditors, shareholders, or other security holders of the lessor corporation.[Pre-2006 Recodification Citation: 21-5-11-3 part.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-2-8 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 2. Public Holding Companies|20-47-2-8. Lessor Corporation; Submission of Preliminary Plans

Sec. 8. (a) A lessor corporation proposing to build a school building or buildings must submit preliminary plans, specifications, and estimates for the building or buildings to the lessee or lessees before the execution of the lease. Final plans and specifications must be submitted to the state department of health, state fire marshal, and other agencies designated by law to pass on plans and specifications for school buildings. The final plans and specifications described in this subsection must be approved by the approving agencies in writing and by the lessee or lessees before the construction of the school building or school buildings.(b) IC 4-21.5 does not apply to the formulation, issuance, or administrative review of an approval by an agency under subsection (a). However, IC 4-21.5 does apply to the judicial review and civil enforcement of an approval by an agency under subsection (a).[Pre-2006 Recodification Citation: 21-5-11-4.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-2-9 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 2. Public Holding Companies|20-47-2-9. Permissible Provisions of Lease; Payment of Taxes; Insurance

Sec. 9. A lease entered into under this chapter may provide that as part of the lease rental for the school building or buildings the lessee or lessees shall:(1) pay all taxes and assessments levied against or on account of the leased property;(2) maintain insurance on the leased property for the benefit of the lessor corporation; and(3) assume all responsibilities for repair and alterations of the leased property during the term of the lease.[Pre-2006 Recodification Citation: 21-5-11-5.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-2-10 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 2. Public Holding Companies|20-47-2-10. Lease Preceding Acquisition of Land

Sec. 10. A school corporation or corporations may, in anticipation of the acquisition of a site and the construction and erection of a school building or buildings, enter into a lease with a lessor corporation before the actual acquisition of the site and the construction and erection of the building or buildings. However, a lease entered into under this section may not provide for the payment of any lease rental by the lessee or lessees until the building or buildings are ready for occupancy, at which time the stipulated lease rental may begin. The contractor must furnish to the lessor corporation a bond satisfactory to the lessor corporation conditioned upon the final completion of the building or buildings within the period specified in the contract.[Pre-2006 Recodification Citation: 21-5-11-6.]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-2-11 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 2. Public Holding Companies|20-47-2-11. Required Public Hearing; Notice of Lease Terms

Sec. 11. (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 corporation or corporations authorized to approve the lease. The hearing must be not earlier than:(1) ten (10) days after 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 publishing the notice shall be borne 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 12 of this chapter.[Pre-2006 Recodification Citation: 21-5-11-7(a).]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-2-12 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 2. Public Holding Companies|20-47-2-12. Conduct of Public Hearing; Lease Authorization Procedures

Sec. 12. (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) Within 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 proposed lease as originally agreed upon; or(2) make modifications to the proposed lease that are agreed upon with the lessor corporation.However, the lease rentals as set out in the published notice may not be increased in any modifications approved under subdivision (2).[Pre-2006 Recodification Citation: 21-5-11-7(b).]As added by P.L.2-2006, SEC.170.
IN Code § 20-47-2-14 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 2. Public Holding Companies|20-47-2-14. Limitation on Time to File Appeal

Sec. 14. 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 13 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: 21-5-11-7(d).]As added by P.L.2-2006, SEC.170. Amended by P.L.146-2008, SEC.516.
IN Code § 20-47-2-15 (2021)
2021 Indiana Code|Title 20. Education|Article 47. Related Entities; Holding Companies; Lease Agreements|Chapter 2. Public Holding Companies|20-47-2-15. Acquisition of Land for Building Site; Sale to Lessor Corporation

Sec. 15. 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 such a school building, either alone or jointly with another school corporation, and owns the land on which it desires that the building or buildings be erected 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 their 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 their appointment.(3) The school corporation may sell the land to the lessor corporation for an amount not less than the amount fixed as the fair market value by the three (3) appraisers, 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: 21-5-11-8.]As added by P.L.2-2006, SEC.170. Amended by P.L.113-2006, SEC.15.