State funds; distribution formula

Official textiga.in.govlast amended 1975

Sec. 8. For purposes of computing the amount of state funds to be distributed to a school corporation under a formula in which adjusted assessed valuation is a factor, the school corporation's adjusted assessed valuation, except as otherwise specifically provided by law, equals the product of (1) the assessed valuation of the property within the school district, multiplied by (2) the school corporation's current adjustment factor.
[Pre-1975 Property Tax Recodification Citation: 6-1-66-5.]
Formerly: Acts 1975, P.L.47, SEC.1.

Amendment history

Formerly: Acts 1975, P.L.47, SEC.1.

Source: view the official text

Nearby sections (25 sections)

6-1.1-33.5-5 · Confidentiality of information
6-1.1-33.5-6 · Review; special reassessments
6-1.1-33.5-7 · Expenditure reports by political subdivision; per capita
6-1.1-33.5-8 · Administration of data base by contractor
6-1.1-33.5-9 · Repealed
6-1.1-34-1 · Department of local government finance computation of new
6-1.1-34-2 · Computation of school corporation assessment ratio
6-1.1-34-3 · Repealed
6-1.1-34-4 · Random samplings of assessed values and true tax values
6-1.1-34-5 · Weighing classes of property within school district
6-1.1-34-6 · Notice of new assessment ratio
6-1.1-34-7 · Department of local government finance computation of new
6-1.1-34-8 · State funds; distribution formula
6-1.1-34-9 · Department of local government finance; powers and duties
6-1.1-34-10 · Withholding access to official records
6-1.1-34-11 · Confidential information
6-1.1-34-12 · Repealed
6-1.1-35-1 · Duties of department of local government finance
6-1.1-35-1.1 · Repealed
6-1.1-35-2 · Visit or virtual meeting with county by department of local
6-1.1-35-3 · Instructional sessions; lodging, subsistence, and mileage
6-1.1-35-4 · Township assessors; instructional meetings
6-1.1-35-5 · Township assessors; incompetency reported to department of
6-1.1-35-6 · Repealed
6-1.1-35-7 · Repealed

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