HB 1430 Summary

• Establishes a process allowing residents of school corporation territory to disannex and either join another existing school corporation or form a new one, effective July 1, 2011.

• Permits disannexation initiation through petitions signed by: a majority of households with school-age children; 10% of registered voters; or 55% of registered voters in the territory to be disannexed.

• Requires territory forming a new school corporation to have minimum enrollment of 270 students in grades 9-12 or 1,000 students in grades 1-12, and assessed valuation of at least $5,000 per student.

• Establishes election procedures where disannexation must be approved by majority vote of residents in the territory, either at a regular election or special election held 60-120 days after petition certification.

• Specifies that the acquiring or new school corporation assumes proportional indebtedness of the relinquishing corporation, with disannexation taking effect on the next July 1 or January 1 following state board approval.