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IN SB0096
Bill
AI Summary
- Extends the maximum maturation period for notes issued by school corporations to purchase curricular materials from three years to four years
- Notes remain payable from the school corporation's general fund to secure the loan
- School corporations retain the authority to borrow money for curricular materials purchases
- Effective upon passage
- An emergency is declared for this act
Legislative Description
Curricular materials. Extends from three years to four years the timeline for serial maturation of notes issued by a school corporation to buy curricular materials.
Last Action
Public Law 128
3/23/2016
Committee Referrals
Education2/8/2016
Education and Career Development1/5/2016
Full Bill Text
No bill text available