There is a newer version
of
this Section
2021 Indiana Code
Title 20. Education
Article 27. School Transportation
Chapter 4. Purchase of School Buses
20-27-4-3. Security Agreements; Appropriation
Universal Citation: IN Code § 20-27-4-3 (2021)
Sec. 3. Before a security agreement is executed, an appropriation for the amount of the purchase price must be made. The appropriation is made in the same manner as any other appropriation, except that the amount of the appropriation is not limited by the amount of funds available at the time of the execution or the amount of funds to be raised by a tax levy effective at the time of the execution. A petition to borrow, a notice to taxpayers, or other formality is not necessary, except:
(1) as specifically provided in this chapter; and
(2) as may be required by law for the issuance of general obligation bonds.
[Pre-2005 Elementary and Secondary Education Recodification Citation: 20-9.1-6-3.]
As added by P.L.1-2005, SEC.11.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
