{"data":{"id":"us-in/ic-20-44-2-3","jurisdiction":"us-in","citation":"IC 20-44-2-3","heading":"Duty; rate necessary to pay obligations","body":"Sec. 3. The governing body shall annually levy a rate that will produce a sum sufficient to meet all payments of principal and interest as they mature in the year for which the levy is made on the:\n(1) bonds;\n(2) notes; or\n(3) other obligations;\nof the school corporation.","path":["TITLE 20. EDUCATION","ARTICLE 44. PROPERTY TAX LEVIES; GENERAL PROVISIONS","Chapter 2. General Levy Powers"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-44-2-3","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"a94499e59cb90105d1e7cb6466275e038d46f96b6ced4743d22eaee2afce8648","source_id":"us-in","stale":false,"prev":"us-in/ic-20-44-2-2","next":"us-in/ic-20-44-2-4"},"notice":"GroundRules: Original legal text. Not legal advice."}