Section 20-48-1-1 - Powers; conditions and issuance of bonds; improvement of real estate(a) As used in this section, "improvement of real estate" includes:(1) construction, reconstruction, remodeling, alteration, or repair of buildings or additions to buildings;(2) equipment related to activities specified in subdivision (1); and(3) auxiliary facilities related to activities specified in subdivision (1), including facilities for: (A) furnishing water, gas, and electricity;(B) carrying and disposing of sewage and storm and surface water drainage;(C) housing of school owned buses;(D) landscaping of grounds; and(E) construction of walks, drives, parking areas, playgrounds, or facilities for physical training.(b) Subject to IC 5-1-11.5, a school corporation is authorized to issue bonds to pay the: (1) cost of acquisition and improvement of real estate for school purposes;(2) funding of judgments;(3) cost of the purchase of school buses; and(4) incidental expenses incurred in connection with and on account of the issuance of the bonds.Pre-2006 Recodification Citation: 21-2-21-1.
Amended by P.L. 250-2023,SEC. 41, eff. 7/1/2023.Amended by P.L. 244-2017,SEC. 112, eff. 7/1/2017.Amended by P.L. 184-2015, SEC. 11, eff. 7/1/2015.As added by P.L. 2-2006, SEC.171.