Various education matters.

Summary

The law mandates that any school corporation with more than 15,000 students must prepare its annual financial report using the modified accrual basis of accounting before it can issue bonds, though the state examiner can waive this requirement. It also establishes detailed procedures for how fiscal officers can approve payments and allows limited advance payments for schools, municipalities, and other political subdivisions. Several types of institutions, such as higher‑education commissions and hospitals, are exempt from these new rules.

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