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

Sec. 5. Subject to IC 6-1.1-18-12 and IC 6-1.1-18.5-9.9 (before its repeal), to provide for the fund, the governing body may, for each year in which a plan is in effect, impose a property tax rate that does not exceed forty-one and sixty-seven hundredths cents ($0.4167) on each one hundred dollars ($100) of assessed valuation of the school corporation. The actual rate imposed by the governing body must be advertised in the same manner as other property tax rates.

[Pre-2006 Recodification Citation: 21-2-15-11(a).]

As added by P.L.2-2006, SEC.169. Amended by P.L.154-2006, SEC.69; P.L.137-2012, SEC.114.