{"data":{"id":"us-in/ic-20-47-4-5","jurisdiction":"us-in","citation":"IC 20-47-4-5","heading":"Powers; lessor corporation; acquisition and financing of existing or improved school building","body":"Sec. 5. A lessor corporation qualified or formed to acquire a site, erect a school building on the site, and lease the school building to a school corporation or the public education corporation under IC 20-47-2 or IC 20-47-3 may:\n(1) be qualified or formed to acquire, improve, or expand an existing school building;\n(2) acquire, improve, or expand an existing school building;\n(3) finance an existing school building or improved school building; and\n(4) lease an existing school building or improved school building to a school corporation or the public education corporation under applicable law.","path":["TITLE 20. EDUCATION","ARTICLE 47. RELATED ENTITIES; HOLDING COMPANIES; LEASE AGREEMENTS","Chapter 4. Lease of Existing School Building"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-47-4-5","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"18a3fdfa59e06cd39054c453fed2ccf9a584ef3f9066daa658bc86185124820b","source_id":"us-in","stale":false,"prev":"us-in/ic-20-47-4-4","next":"us-in/ic-20-47-4-6"},"notice":"GroundRules: Original legal text. Not legal advice."}