1. (a) The department of local government finance in determining whether to approve or disapprove a school building construction project shall consider the following factors:

   1. (1) The current and proposed square footage of school building space per student.
   2. (2) Enrollment patterns within the school corporation.
   3. (3) The age and condition of the current school facilities.
   4. (4) The cost per square foot of the school building construction project.
   5. (5) The effect that completion of the school building construction project would have on the school corporation's tax rate.
   6. (6) Any other pertinent matter.

2. (b) The authority of the department of local government finance to determine whether to approve or disapprove a school building construction project does not after June 30, 2008, include the authority to review or approve the financing of the school building construction project.

   [Pre-2006 Recodification Citation: 6-1.1-19-4.2.]

As added by P.L.2-2006, SEC.169. Amended by P.L.146-2008, SEC.513; P.L.182-2009(ss), SEC.358.