Indiana § 20-47-2-5 - Powers; lease of school building
Full text of Indiana Indiana Code § 20-47-2-5 — Powers; lease of school building, with citation guidance and answers to common questions.
§ 20-47-2-5. Powers; lease of school building
Sec. 5. (a) A school corporation or the public education corporation may lease a school building or buildings for the use of:
(1) the school corporation or public education corporation; or
(2) a joint or consolidated school district of which the school corporation is a part or to which it contributes;
for a term not to exceed thirty (30) years.
(b) A school corporation or the public education corporation may not enter into a lease under this section unless the governing body or the corporation board, after investigation, determines that a need exists for the school building and that the school corporation or public education corporation cannot provide the necessary funds to pay the cost or its proportionate share of the cost of the school building or buildings required to meet the present needs.
(c) If two (2) or more school corporations propose to jointly enter into a lease under this section, joint meetings of the governing bodies of the school corporations may be held, but action taken at a joint meeting is not binding on any of those school corporations unless approved by a majority of the governing body of those school corporations. A lease executed by two (2) or more school corporations as joint lessees must:
(1) set out the amount of the total lease rental to be paid by each lessee, which may be as agreed upon; and
(2) provide that:
(A) there is no right of occupancy by any lessee unless the total rental is paid as stipulated in the lease; and
(B) all rights of joint lessees under the lease are in proportion to the amount of lease rental paid by each lessee.
[Pre-2006 Recodification Citation: 21-5-11-1 part.]
As added by P.L.2-2006, SEC.170. Amended by P.L.233-2015, SEC.304; P.L.101-2026, SEC.25.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 20-47-2-5
What does Indiana Code § 20-47-2-5 cover?
Section 20-47-2-5 ("Powers; lease of school building") 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 § 20-47-2-5?
A common citation format is "Indiana Code § 20-47-2-5" (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 § 20-47-2-5 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.