Section 50IAC9-1-7. Contingent appropriation approvals

   If the department of education does not issue its approval of a project included in its capital projects fund before the annual hearing on the school corporation's budget by the department of local government finance, the department of local government finance will approve a levy that will result in sufficient funding of the budget appropriation for the project, and will approve that budget appropriation subject to the issuance of a project approval by the department of education. If the department of education does not issue its approval of the project before the department of local government finance's next annual budget hearing, the department of local government finance will apply the revenue to the current capital projects fund budget. (Department of Local Government Finance; 50 IAC 9-1-7; filed Jul 12, 1988, 5:00 pm: 11 IR 4073; errata filed Oct 25, 2006, 10:52 a.m.: 20061108-IR-050060502ACA)