However, this dollar limitation is waived if:(1) the school corporation has an assessed valuation per ADA of less than eight thousand four hundred dollars ($8,400); and(2) the school corporation's debt service fund tax rate would exceed one dollar ($1) for each one hundred dollars ($100) of assessed valuation without a waiver of the dollar limitation.[Pre-2006 Recodification Citation: 21-1-11-2(a) part.]As added by P.L.2-2006, SEC.172. Amended by P.L.182-2009(ss), SEC.360.
Indiana Legal Code