School building construction or alteration; feasibility study

Sec. 36. Before the governing body exercises power granted by any law to spend more than one million dollars ($1,000,000) to build, repair, or alter school buildings that would be financed by: (1) entering into a lease agreement under IC 20-47-2-11 through IC 20-47-2-14 or IC 20-47-3-9 through IC 20-47-3-12; (2) issuing bonds under IC 20-48-1; or (3) any other available method; the governing body may order the preparation and pay the costs of a feasibility study. [Pre-2005 Elementary and Secondary Education Recodification Citation: 20-5-52-1.] As added by P.L.1-2005, SEC.10. Amended by P.L.2-2006, SEC.123.