Indiana Code Title 20. Education § 20-48-1-2.5

(1) The bonds remain valid and binding obligations of the school corporation that issued them, as if IC 20-5-4-1.7 had not been repealed.

(2) Each year that a debt service levy is needed for the bonds, the school corporation that issued the bonds shall reduce its total property tax levy for the school corporation's operations fund in an amount equal to the property tax levy needed for the debt service on the bonds.