From
the Brown County Democrat:
School corporations with loans made
through this act may repay them from any source of revenue, as well. By not
limiting the funds from which schools can repay these loans, the act allows a
greater flexibility that saves schools from being bound to funds that may be
struggling or unable to repay the loans.
Brown County Superintendent of Schools
David Shaffer had been waiting for news on the bill when contacted last week to
discuss House Enrolled Act 1125 (2008).
"You've given me very good news
this morning," he said, after discussing potential applications for the
loans, which could include paying off tax anticipation warrants as they come
due.
Now that the bill has the Governor's
signature, Mr. Shaffer will begin an in-depth analysis of possible uses,
looking for areas and situations where such loans can be used to greatest
effect.
"I want to acknowledge
Representative Koch," Mr. Shaffer noted.