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

1. (b) A school corporation shall deposit the money received under subsection (a) in its debt service fund or capital projects fund.

   [Pre-2006 Recodification Citation: 21-5-11-17.]

Sec. 23. (a) Upon the termination of a lease entered into under this chapter, the lessor corporation shall return to the school corporation any money held by the lessor corporation that exceeds the amount needed to retire bonds issued under this chapter and to dissolve the lessor corporation.

As added by P.L.2-2006, SEC.170.