(a) As used in this section, 'improvement of real estate' includes:(1) construction, reconstruction, remodeling, alteration, or repair of buildings or additions to buildings;(2) equipment related to activities specified in subdivision (1); and(3) auxiliary facilities related to activities specified in subdivision (1), including facilities for:(A) furnishing water, gas, and electricity;(B) carrying and disposing of sewage and storm and surface water drainage;(C) housing of school owned buses;(D) landscaping of grounds; and(E) construction of walks, drives, parking areas, playgrounds, or facilities for physical training.(b) Subject to IC 5-1-11.5, a school corporation is authorized to issue bonds to pay the:(1) cost of acquisition and improvement of real estate for school purposes;(2) funding of judgments;(3) cost of the purchase of school buses; and(4) incidental expenses incurred in connection with and on account of the issuance of the bonds.[Pre-2006 Recodification Citation: 21-2-21-1.]As added by P.L.2-2006, SEC.171. Amended by P.L.184-2015, SEC.11; P.L.244-2017, SEC.112; P.L.250-2023, SEC.41.
Indiana Legal Code