IC 20-25.3-4-9: Construction; contracts; exceptions

Sec. 9. (a) Except as provided in subsection (c) and subject to subsection (b), nothing in this article may be construed to impair a contract that was entered into before the effective date of this article. However, after the effective date of this article, the school city or a participating school may not enter into, renew, or extend a contract that is not in compliance with:

(1) this article;

(2) a contract entered into by the school city or participating school under this article; or

(3) any regulation, order, rule, or resolution adopted by the corporation board.

(b) Notwithstanding subsection (a), the school city may continue to enter into, renew, or extend any contract with respect to the proceeds of bonds, leases, and other obligations issued or entered into by the school city before April 1, 2026, pursuant to IC 6-1.1-20, IC 20-48-1, IC 20-47-2, and IC 20-47-3. The corporation may not impair any such contracts with respect to the existing proceeds.

(c) Notwithstanding subsection (a), the school city may enter into or renew existing agreements under IC 20-25.7.