Section 6-1.1-20.3-6 - Petitions to the board; petition by treasurer of state(a) The fiscal body and the executive of a political subdivision may jointly file a petition with the board seeking to have the political subdivision designated as a distressed political subdivision under this chapter.(b) The governing body or the superintendent of a school corporation may do any of the following:(1) File a petition with the board seeking relief under section 8.3 of this chapter.(2) File a petition with the board seeking to have the school corporation designated as a distressed political subdivision under this chapter.(c) If the treasurer of state has reason to believe that a school corporation will not be able to pay the school corporation's debt service obligations (as defined in IC 20-48-1-11) as those debt service obligations become due, the treasurer of state may file a petition with the board seeking to have the school corporation designated as a distressed political subdivision under this chapter.(d) The board may adopt procedures governing the timing and required content of a petition under subsection (a) or (c).Amended by P.L. 140-2018,SEC. 2, eff. 1/1/2019.Amended by P.L. 244-2017,SEC. 11, eff. 1/1/2019.Amended by P.L. 241-2017,SEC. 6, eff. 4/28/2017.Amended by P.L. 257-2013, SEC. 20, eff. 5/11/2013.Amended by P.L. 145-2012, SEC. 5, eff. 3/19/2012.As added by P.L. 224-2007, SEC.36. Amended by P.L. 146-2008, SEC.205.