IC 20-47-4-5 — Powers; lessor corporation; acquisition and financing of existing or improved school building
Chapter 4. Lease of Existing School Building
Bills amending this section
Section text
Sec. 5. A lessor corporation qualified or formed to acquire a site, erect a school building on the site, and lease the school building to a school corporation or the public education corporation under IC 20-47-2 or IC 20-47-3 may: (1) be qualified or formed to acquire, improve, or expand an existing school building; (2) acquire, improve, or expand an existing school building; (3) finance an existing school building or improved school building; and (4) lease an existing school building or improved school building to a school corporation or the public education corporation under applicable law.
As added by P.L.2-2006, SEC.170. Amended by P.L.101-2026, SEC.58.
Source: official publisher (2026 edition)