Indianapolis public education corporation.

Removed the formal 'Enrolled House Act' title and the specific 'Be it enacted' clause that signifies the bill has been signed into law.

Deleted the detailed legislative history, including specific dates of reading, committee referrals, and amendment reports.

Eliminated the 'HEA' (House Enrolled Act) page headers and footers, replacing them with standard 'HB' (House Bill) formatting.

Adjusted the document header to reflect the current session status (Second Regular Session of the 124th General Assembly) rather than the finalized enrolled session.

The document header was updated from 'Engrossed House Bill' to 'House Enrolled Act,' indicating the bill has completed its legislative journey and is now final law pending the Governor's action.

The official act title and introductory clause ('Be it enacted...') were added to formally declare the bill as a law of the State of Indiana.

Drafting notes, committee dates, and internal tracking numbers (e.g., 'LS 7118/DI 110') were removed as they are no longer needed in the final enrolled version.

Updated the bill designation from HB 1423 to EH 1423 and changed the reprint date from January 30, 2026, to February 24, 2026, to reflect Senate action.

Added the names of Senate sponsors (Raatz and Johnson T) and included a detailed timeline of the bill's journey through the House and Senate committees.

Clarified the rule for debt service payments, specifying that reductions in distributions to the school city must be made specifically for failures to pay debt service obligations.

Updated the list of affected Indiana Code citations to remove repealed sections and add new relevant sections (IC 5-13, IC 20-47, IC 20-48).

Reorganized the bill text to align with the current structure of the Indiana Code, moving the definition of the public education corporation to a new section and updating cross-references.

Added a specific effective date of July 1, 2026, for the reduction of distributions to pay for debt service obligations, replacing the previous generic 'upon passage' language for this specific requirement.

Clarified that the public education corporation is exempt from certain governing body appointment rules that apply to other taxing units.