Sec. 18. (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 its operations fund. [Pre-2006 Recodification Citation: 21-5-12-13.] IC 20-47-4 Chapter 4. Lease of Existing School Building 20-47-4-1 Application 20-47-4-2 "Existing school building" 20-47-4-3 "Improved school building" 20-47-4-4 "School building" 20-47-4-5 Powers; lessor corporation; acquisition and financing of existing or improved school building 20-47-4-6 Powers; acquisition and financing of existing school building; compliance with other laws 20-47-4-7 Limitation on payment of legal or other professional fee 20-47-4-8 Compliance with other laws 20-47-4-9 Sales price; compliance with other laws 20-47-4-10 Deposit of proceeds from sale
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