Indiana Code Title 20. Education § 20-46-7-8

Sec. 8. (a) This section does not apply to the following:

(b) A school corporation must file a petition requesting approval from the department of local government finance to:

not later than twenty-four (24) months after the first date of publication of notice of a preliminary determination under IC 6-1.1-20-3.1(b)(2), unless the school corporation demonstrates that a longer period is reasonable in light of the school corporation's facts and circumstances.

(c) A school corporation must obtain approval from the department of local government finance before the school corporation may:

(d) This restriction does not apply to property taxes that a school corporation levies to pay or fund bond or lease rental indebtedness created or incurred before July 1, 1974.  In addition, this restriction does not apply to a lease agreement or a purchase agreement entered into between a school corporation and the Indiana bond bank for the lease or purchase of a school bus under IC 5-1.5-4-1(a)(5), if the lease agreement or purchase agreement conforms with the school corporation's school bus replacement plan.

(e) This section does not apply to school bus purchase loans made by a school corporation that will be repaid solely from the operations fund of the school corporation.