Note: This version of section effective until 1-1-2019. See also following repeal of this chapter, effective 1-1-2019.

1. (1) The payment of eligible costs from:

   1. (A) money accumulated in the fund for other purposes; or
   2. (B) money to be borrowed from other funds of the school corporation or from a financial institution.

2. (2) An increase in the property tax rate for the fund to restore money to the fund or to pay principal and interest on a loan. Any increase to the property tax rate for the fund is effective for property taxes first due and payable for the year next certified by the department of local government finance under IC 6-1.1-17-16 . However, the property tax rate may not exceed the maximum rate established under section 5 of this chapter.

   [Pre-2006 Recodification Citation: 21-2-15-10(d).]

Sec. 20. An amendment adopted under section 18 or 19 of this chapter, may require any of the following:

As added by P.L.2-2006, SEC.169.