It is the policy of the state that whenever a community school corporation (as defined in IC 20-23-4-3 ) seeks to:

1. (1) reorganize into a community school corporation under IC 20-23-4 or IC 20-23-16-1 through IC 20-23-16-5 ;
2. (2) enter into a territorial annexation under IC 20-23-5 either as an acquiring school corporation or a losing school corporation (as defined in IC 20-23-5-4 );
3. (3) consolidate with another school corporation under IC 20-23-6 ; or

4. (4) consolidate with another school corporation into one (1) metropolitan school district under IC 20-23-7 ;

   the school corporation shall give consideration to the educational opportunities for students, local community interest, the effect on the community as a whole, and the economic interests of the community relative to establishing the boundaries of the school corporation that is involved in the school corporation reorganization, consolidation, or annexation attempt.

   [Pre-2005 Elementary and Secondary Education Recodification Citation: 20-4-7-4.]

As added by P.L.1-2005, SEC.7. Amended by P.L.233-2015, SEC.64.