Eligibility for distribution; required minimum levy

Sec. 21. To qualify to receive any of the receipts of a tax levy, a qualified school corporation must levy against the assessed valuation of the qualified school corporation a total school tax rate sufficient to generate an amount equal to the amount of revenues deposited in the fund in calendar year 1979. [Pre-2006 Recodification Citation: 21-2-13-6.] As added by P.L.2-2006, SEC.168.