{"data":{"id":"us-in/ic-20-46-7-4","jurisdiction":"us-in","citation":"IC 20-46-7-4","heading":"Duty; levy","body":"Sec. 4. (a) The governing body of each school corporation shall establish a levy in every calendar year sufficient to pay all obligations.\n(b) This subsection applies to a school corporation that consolidates under IC 20-23-6-12.5. The governing body shall establish a levy for each subunit (as defined in IC 20-23-6-0.5) in each calendar year sufficient to pay the debts and obligations that the particular subunit incurred before consolidating with one (1) or more school corporations under IC 20-23-6-12.5.","path":["TITLE 20. EDUCATION","ARTICLE 46. LEVIES OTHER THAN GENERAL FUND LEVIES","Chapter 7. Debt Service Levy"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-46-7-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"18ee2ce1681d65494658fec1e0b0ff8056a4512963e7501e1de346c62816e3f7","source_id":"us-in","stale":false,"prev":"us-in/ic-20-46-7-3","next":"us-in/ic-20-46-7-5"},"notice":"GroundRules: Original legal text. Not legal advice."}