CHAPTER 2. GENERAL LEVY POWERS

IC 20-44-2
    Chapter 2. General Levy Powers

IC 20-44-2-1
Application
    Sec. 1. This chapter applies to each school corporation.
As added by P.L.2-2006, SEC.167.

IC 20-44-2-2
General levy powers
    Sec. 2. Each governing body may annually levy the amount oftaxes that:
        (1) in the judgment of the governing body; and
        (2) after being made a matter of record in the minutes;
should be levied to produce income sufficient to conduct and carryon the public schools committed to the governing body.
As added by P.L.2-2006, SEC.167.

IC 20-44-2-3
Duty; rate necessary to pay obligations
    Sec. 3. The governing body shall annually levy a rate that willproduce a sum sufficient to meet all payments of principal andinterest as they mature in the year for which the levy is made on the:
        (1) bonds;
        (2) notes; or
        (3) other obligations;
of the school corporation.
As added by P.L.2-2006, SEC.167.

IC 20-44-2-4
Levy; emergency loans
    Sec. 4. A school corporation may impose a levy for a fund, aspermitted in IC 20-48-1-7, to repay an emergency loan to the fund.
As added by P.L.2-2006, SEC.167.

IC 20-44-2-5
Levy; joint schools
    Sec. 5. The school trustee or board of school trustees of Indianamay levy taxes in maintaining a joint school established with aschool corporation in an adjacent state under IC 20-23-11 as areotherwise provided by law for maintaining the public schools inIndiana.
As added by P.L.2-2006, SEC.167.

IC 20-44-2-6
Application of statutory limits
    Sec. 6. The power of the governing body in making tax leviesshall be exercised within existing statutory limits. The levies aresubject to the review required by law.
As added by P.L.2-2006, SEC.167.