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House Bill 1054

House Bill 1054

ARCHIVE (2000)

Latest Information

DIGEST OF HB1054 (Updated February 15, 2000 2:08 PM - DI 58)

Bonds for school corporation retirement liability. Authorizes school corporations in St. Joseph County to issue bonds to implement solutions to contractual retirement or severance liability as it existed on June 30, 1998. Provides that those school corporations may issue bonds for this purpose only one time and that the bonds must be issued before December 2, 2000. Requires a reduction in property tax levies for the school's capital projects fund, transportation fund, or the art and historical society fund to offset the debt service levy needed.
Current Status:
Law Enacted
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