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IC 6-1.1-20.2 – Rainy Day Fund Loans to Certain Counties | Midpage
Collections
Indiana Code
Title 6
1.1
Chapter 20.2
IC 6-1.1-20.2
Rainy Day Fund Loans to Certain Counties
1
"Board"
2
"Eligible county"
3
Eligible county may apply to board for loan
4
Board determines terms of any loan after review by budget committee
5
Interest on loan
6
Term of loan repayment; penalty
7
Disbursement of loan proceeds by board
8
Repayment of loan by eligible county from any revenue sources
9
Obligation to repay loan not basis to obtain excessive tax levy
10
Deposit by board of loan payments
11
Loan proceeds received not considered part of levy excess
12
Chapter constitutes complete authority for loans
13
Treasurer of state payment of delinquent loan payments from eligible county funds held by state
14
Restriction on use of loans