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IN SB0118
Bill
Status
1/3/2018
Primary Sponsor
Lonnie Randolph
Click for details
AI Summary
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Transfers funds from Indiana's state general fund to the school disaster loan fund by July 1, 2018 to pay off a loan made to School City of East Chicago school corporation
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The original loan was issued from the school disaster loan fund for construction, remodel, and repair of a former middle school
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Upon transfer of funds, the loan is considered paid and the advance agreement between the state board of education and School City of East Chicago is fulfilled
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Declared an emergency measure, taking effect immediately upon passage
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Provision expires July 1, 2019
Legislative Description
School City of East Chicago loan. Transfers, not later than July 1, 2018, to the school disaster loan fund from the state general fund an amount sufficient to pay off the loan that was made to the School City of East Chicago school corporation from the school disaster loan fund.
Last Action
First reading: referred to Committee on Appropriations
1/3/2018