Sec. 4.
(a) On or
before the last Thursday in August of the preceding year in which a school
corporation establishes a capital projects fund, or continues to levy taxes for
an established fund, the governing body must hold a hearing and pass a
resolution to adopt a plan. The governing body must publish a notice in
accordance with IC 20-46-6-11 that indicates for each year of the plan the
total amount of proposed expenditures in each of the following categories:
(1) Land acquisition and development of sites
for school purposes.
(2) Fees for
professional services paid to:
(A)
architects;
(B)
engineers;
(C) attorneys;
(D) project managers;
(E) construction managers; and
(F) fiscal consultants;
for land acquisition, site development, and building
improvements.
(3) Education specifications development
including feasibility studies and educational specifications for building
design for use by architects and others.
(4) Building acquisition, construction, and
improvement including:
(A) purchase and
construction of buildings;
(B)
improvements or alterations to existing buildings;
(C) installation or extension of service
systems for new or existing buildings;
(D) building sites for use by the school
corporation; and
(E) the purchase
of building materials for vocational building and trade classes.
(5) Rental or lease payments for
new or existing real property, computers, or equipment, excluding payments to a
holding company as authorized under IC 20-47.
(6) Purchase of mobile or fixed equipment
including computer hardware and computer software.
(7) Emergency allocation for repair,
replacement, or site acquisition that is necessitated by an
emergency.
(8) Care, upkeep, or
maintenance of equipment owned or used by the school corporation, including
salaries of full-time or part-time computer repair personnel.
(9) Allocation for future projects including
accumulation of funds for projects that the school corporation has articulated
with reasonable specificity within the plan, including size, purpose, features,
estimated cost in constant dollars, and site or possible sites.
(b) The notice must also indicate
with respect to the upcoming budget year:
(1)
the sources of revenue for the proposed expenditures; and
(2) the amount of revenue (from property
taxes or otherwise) to be retained in the fund for expenditures proposed for a
later year.
