Eligibility for Distribution; Required Minimum Levy

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Sec. 21. To qualify to receive any of the receipts of a tax levy, a qualified school corporation must levy against the assessed valuation of the qualified school corporation a total school tax rate sufficient to generate an amount equal to the amount of revenues deposited in the fund in calendar year 1979.

[Pre-2006 Recodification Citation: 21-2-13-6.]

As added by P.L.2-2006, SEC.168.


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