1. (a) As used in this section, "improvement of real estate" includes:

   1. (1) construction, reconstruction, remodeling, alteration, or repair of buildings or additions to buildings;
   2. (2) equipment related to activities specified in subdivision (1); and

   3. (3) auxiliary facilities related to activities specified in subdivision (1), including facilities for:

      1. (A) furnishing water, gas, and electricity;
      2. (B) carrying and disposing of sewage and storm and surface water drainage;
      3. (C) housing of school owned buses;
      4. (D) landscaping of grounds; and
      5. (E) construction of walks, drives, parking areas, playgrounds, or facilities for physical training.

2. (b) Subject to IC 5-1-11.5 , a school corporation is authorized to issue bonds to pay the:

   1. (1) cost of acquisition and improvement of real estate for school purposes;
   2. (2) funding of judgments;
   3. (3) cost of the purchase of school buses; and

   4. (4) incidental expenses incurred in connection with and on account of the issuance of the bonds.

      [Pre-2006 Recodification Citation: 21-2-21-1.]

As added by P.L.2-2006, SEC.171. Amended by P.L.184-2015, SEC.11; P.L.244-2017, SEC.112; P.L.250-2023, SEC.41.