Approval of excessive levy resulting from intercept action;
repayment schedule
Sec. 10.5. Notwithstanding the order of the department of local
government finance in the matter of the excessive levy appeal for
emergency financial relief for Jay County School Corporation, the
department shall grant approval of an excessive levy to a school
corporation that has requested the excessive levy as a result of an
intercept action. Such relief shall be granted as an advance of state
funds to be paid back to the treasurer of state in two hundred forty
(240) payments of:
(1) thirteen thousand eight hundred eighty-two dollars
($13,882) beginning on January 15, 2001, and ending May 15,
2003; and
(2) equal installment amounts beginning June 15, 2003, and
ending with final payment on December 31, 2020.
As added by P.L.291-2001, SEC.241. Amended by P.L.90-2002,
SEC.191; P.L.224-2003, SEC.259.
Last modified: May 28, 2006