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Bill Title: School debt service obligations. Provides the following for purposes of the school bond payment intercept statute: (1) The term "debt service obligations" also includes principal and interest payable to a school corporation's designated paying agent under a written agreement entered into in connection with the issuance of a school corporation's general obligation bonds. (2) Upon being notified of a school corporation's failure to pay debt service obligations when due, the treasurer of state shall within five days pay the unpaid debt service obligations that are due from state funds, in an amount equal to the amount of the unpaid debt

Spectrum: Bipartisan Bill

Status: (Passed) 2017-04-25 - Public Law 167 [SB0196 Detail]

Download: Indiana-2017-SB0196-Enrolled.pdf

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