Sec. 0.5. The general assembly recognizes the following: (1) The Gary Community School Corporation has achieved financial and operational stability. (2) The Gary Community School Corporation is expected to meet the conditions for termination of distressed status in the near future. (3) The Gary Community School Corporation no longer requires special state oversight by the distressed unit appeal board. (4) That it is appropriate to transition to a new governing body. (5) The state should continue to monitor and evaluate the effectiveness of the governance structure.
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