Sec. 13. (a) Subject to subsection (b), during the period beginning July 1, 2018, and ending June 30, 2020, the distressed unit appeal board may provide financial support to the Muncie Community school corporation in an amount that does not exceed the amount of compensation that would have been provided to an emergency manager of the Muncie Community school corporation if the school corporation had retained the designation of a distressed political subdivision. (b) The total amount of the financial support provided under this section may not exceed one million dollars ($1,000,000). (c) Any financial assistance provided under subsection (a) shall be provided directly to the school corporation. IC 20-23-19 Chapter 19. Dissolution of Union School Corporation 20-23-19-1 "Annex" 20-23-19-2 Dissolution of school corporation on July 1, 2027 20-23-19-3 Annexation of territory of school corporation; prohibition on issuing new bonds after July 1, 2027 20-23-19-4 Sale of building and real property owned by the school corporation before dissolution; procedures if sale does not occur 20-23-19-5 Payment of existing debts and liabilities of the dissolving school corporation 20-23-19-6 Division and transfer of any remaining unencumbered funds 20-23-19-7 Plans for annexed territory of the dissolving school corporation to be adopted not later than May 15, 2027 20-23-19-8 Determination of residency in annexing districts; attribution and distribution of property tax revenue 20-23-19-9 Applicability 20-23-19-10 Expiration
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