After March 31, 2026, the public education corporation has all the powers and shall perform all the duties assigned to the school city (as defined in IC 20-25-2-12 ) under this chapter related to the fixing and reviewing of budgets, tax rates, and tax levies. However, in exercising its powers and responsibilities under this chapter, the public education corporation shall account for and include any bonds, leases, and other indebtedness incurred or issued under any law by the school city (as defined in IC 20-25-2-12 ) before April 1, 2026.

As added by P.L.101-2026, SEC.5.