Refunding bonds for school consolidation.

Authors: Representative Todd Huston

Co-authors: Representative Robert Cherry

Sponsors: Senator Pete Miller, Senator Greg Walker

Co-Sponsors: Senator Timothy Skinner

Digest

Authorizes the Indiana bond bank to purchase obligations issued by a school corporation to refund debt incurred by a school corporation before that school corporation completed a consolidation or merger. Specifies that a school corporation may sell refunding bonds at a negotiated, private sale to the Indiana bond bank.