Indiana § 20-25-4-23 - School city prohibited from issuing bonds or incurring indebtedness; public education corporation powers
Full text of Indiana Indiana Code § 20-25-4-23 — School city prohibited from issuing bonds or incurring indebtedness; public education corporation powers, with citation guidance and answers to common questions.
§ 20-25-4-23. School city prohibited from issuing bonds or incurring indebtedness; public education corporation powers
Sec. 23. (a) Notwithstanding any other law, after March 31, 2026, the school city may not issue bonds or otherwise incur indebtedness payable in whole or in part from a pledge of property tax revenue, excise tax revenue, or local income tax revenue.
(b) The public education corporation may issue bonds, enter into leases, or otherwise incur indebtedness after March 31, 2026, and before July 1, 2027, only if the board established by IC 20-25-3-1 first adopts a resolution approving the issuance of the bonds, entering into the lease, or incurring of indebtedness.
As added by P.L.101-2026, SEC.11.
IC 20-25-5Chapter 5. Real Property Annexations and Transfers; Remonstrances
20-25-5-1"Acquiring school corporation" 20-25-5-2"Annex" 20-25-5-3"Annexed territory" 20-25-5-4"Civil annexation" 20-25-5-5"Civil city" 20-25-5-6"Losing school corporation" 20-25-5-7"Resolution" 20-25-5-8"School city" 20-25-5-9"School corporation" 20-25-5-10Annexation authorized 20-25-5-11Annexation by school corporations; procedure 20-25-5-12Annexation by school city; procedure 20-25-5-13Notice of annexation; publication; notice to losing school corporation 20-25-5-14Remonstrance; procedure; grounds 20-25-5-15Equitable disposition of assets and liabilities, allocation of taxes, and payment by acquiring school corporation 20-25-5-16Effective date of annexation 20-25-5-17Boundaries of school city or school town; application of chapter 20-25-5-18Conflicting laws void; continued effect of consolidation laws; approval not required for annexation 20-25-5-19Annexations not effective before February 25, 1969; repeal of statute 20-25-5-20Transfer of unused property to board of park commissioners
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-25-4-23
What does Indiana Code § 20-25-4-23 cover?
Section 20-25-4-23 ("School city prohibited from issuing bonds or incurring indebtedness; public education corporation powers") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 20-25-4-23?
A common citation format is "Indiana Code § 20-25-4-23" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 20-25-4-23 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.