and duties; annual budgeting Sec. 4. (a) On the later of: (1) July 1, 2024; or (2) the date on which the school corporation's status as a distressed political subdivision is terminated; the governing body appointed under section 2 of this chapter assumes all the powers, rights, duties, and obligations of a community school corporation as set forth in IC 20-23-4-26. (b) For the purposes of annual budgeting, IC 6-1.1-17-20 does not apply to the governing body. The governing body is considered a governing body with the majority of members elected for the purposes of annual budgeting. As added by P.L.184-2023, SEC.42.
IC 20-23-12.1-5 Gary community school corporation governing body; submission of financial position and operation report to distressed unit appeal board Sec. 5. Not later than October 31, 2025, and each October 31 thereafter, the governing body shall submit to the distressed unit appeal board a report summarizing the financial position and operations of the school corporation for the previous state fiscal year. The report shall include any additional information requested by the distressed unit appeal board and be in the form specified by the distressed unit appeal board. As added by P.L.184-2023, SEC.42.