Section 50IAC9-1-4. Resolution and plan

   (a) On or before the last Thursday in August of the preceding year in which a school corporation establishes a capital projects fund, or continues to levy taxes for an established fund, the governing body must hold a hearing and pass a resolution to adopt a plan. The governing body must publish a notice in accordance with IC 20-46-6-11 that indicates for each year of the plan the total amount of proposed expenditures in each of the following categories:

(1) Land acquisition and development of sites for school purposes.

(2) Fees for professional services paid to:

(A) architects;

(B) engineers;

(C) attorneys;

(D) project managers;

(E) construction managers; and

(F) fiscal consultants;

for land acquisition, site development, and building improvements.

(3) Education specifications development including feasibility studies and educational specifications for building design for use by architects and others.

(4) Building acquisition, construction, and improvement including:

(A) purchase and construction of buildings;

(B) improvements or alterations to existing buildings;

(C) installation or extension of service systems for new or existing buildings;

(D) building sites for use by the school corporation; and

(E) the purchase of building materials for vocational building and trade classes.

(5) Rental or lease payments for new or existing real property, computers, or equipment, excluding payments to a holding company as authorized under IC 20-47.

(6) Purchase of mobile or fixed equipment including computer hardware and computer software.

(7) Emergency allocation for repair, replacement, or site acquisition that is necessitated by an emergency.

(8) Care, upkeep, or maintenance of equipment owned or used by the school corporation, including salaries of full-time or part-time computer repair personnel.

(9) Allocation for future projects including accumulation of funds for projects that the school corporation has articulated with reasonable specificity within the plan, including size, purpose, features, estimated cost in constant dollars, and site or possible sites.

  (b) The notice must also indicate with respect to the upcoming budget year:

(1) the sources of revenue for the proposed expenditures; and

(2) the amount of revenue (from property taxes or otherwise) to be retained in the fund for expenditures proposed for a later year.

(Department of Local Government Finance; 50 IAC 9-1-4; filed Jul 12, 1988, 5:00 p.m.: 11 IR 4072; filed Jun 17, 1991, 4:30 p.m.: 14 IR 1942; errata filed Oct 25, 2006, 10:52 a.m.: 20061108-IR-050060502ACA)