The governing body of a freeway school corporation and the state board acting jointly may amend a contract entered into under this chapter:

1. (1) to comply with any law enacted subsequent to the formation of the contract;
2. (2) to alter the educational benefits to a level that is not below the minimum educational benefits listed in section 7 of this chapter; or

3. (3) for a purpose jointly agreed to by the parties.

   [Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-62-9.]

As added by P.L.1-2005, SEC.10.