Sec. 23. (a) Upon the termination of a lease entered into under this chapter, the lessor corporation shall return to the school corporation any money held by the lessor corporation that exceeds the amount needed to retire bonds issued under this chapter and to dissolve the lessor corporation. (b) A school corporation shall deposit the money received under subsection (a) in its debt service fund or operations fund. [Pre-2006 Recodification Citation: 21-5-11-17.] IC 20-47-3 Chapter 3. Private Holding Companies 20-47-3-1 Application 20-47-3-2 "School building" 20-47-3-3 Powers; lease of school building; maximum term of lease; required terms of joint lease involving more than one school corporation 20-47-3-4 Qualifications of lessor corporation 20-47-3-5 Required terms of lease agreement; option to purchase 20-47-3-6 Lessor corporation; submission of preliminary plans 20-47-3-7 Permissible provisions of lease; payment of taxes; insurance 20-47-3-8 Lease preceding acquisition of land 20-47-3-9 Required public hearing; notice of lease terms 20-47-3-10 Conduct of public hearing; lease authorization procedures 20-47-3-11 Notice of signing of lease; appeal 20-47-3-12 Limitation on time to file appeal 20-47-3-13 Acquisition of land for building site; sale to lessor corporation 20-47-3-14 Required levy; payment of obligations 20-47-3-15 Exemption of lessor corporation property from taxes 20-47-3-16 Statutory construction; supplemental legislation; limitation of application of other laws 20-47-3-17 Lessor corporation; sale of bonds and securities; mortgage bonds 20-47-3-18 Termination of lease; disposition of surplus revenues
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