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DIGEST OF INTRODUCED BILL
School bonds for retirement liability. Provides that a school corporation that issued bonds to cover retirement or severance liability under a prior statute (which was repealed on December 31, 2004) may issue bonds one additional time for that purpose if the first bond issue was approved by the department of local government finance before April 14, 2003. (Current law permits a second bond issue only if the first bonds were actually issued before April 14, 2003.) Provides that the additional bonds must be issued before January 31, 2007.