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IN SB0567
Bill
AI Summary
SB 567 Summary
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Amends Indiana Code regarding distressed political subdivisions and fiscally impaired school corporations, with specific provisions for Gary Community School Corporation and Muncie Community Schools
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Modifies the distressed unit appeal board (DUAB) composition by replacing a legislative council appointee with a governor appointee and adding three nonvoting legislative members
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Designates Gary Community School Corporation as a distressed political subdivision and establishes an emergency manager with broad powers over financial and academic operations, plus a fiscal management board with advisory authority
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Establishes Muncie Community Schools as a fiscally impaired school corporation through January 1, 2018, with an emergency manager having limited powers until a public hearing determines if full distressed status should be imposed
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Allows school corporations to hire certified public accountants for audits instead of using state board of accounts examinations, subject to specific approval procedures and requirements
Legislative Description
Distressed and fiscally impaired political subdivisions. Changes the membership of the distressed unit appeal board (DUAB) by replacing the voting member who is appointed by the chairperson of the legislative council with a member appointed by the governor and adding three nonvoting legislative members. Adds to and modifies the duties and powers of the DUAB. Designates the Gary Community School Corporation as a distressed political subdivision. Specifies the powers and duties of the emergency manager appointed for the Gary Community School Corporation. Establishes the fiscal management board for the Gary Community School Corporation, and provides that the fiscal management board
Last Action
Public Law 241
4/28/2017