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IC 6-1.1-21.1 – Rainy Day Fund Loans to the City of LaPorte | Midpage
Collections
Indiana Code
Title 6
1.1
Chapter 21.1
IC 6-1.1-21.1
Rainy Day Fund Loans to the City of LaPorte
1
"Board"
2
Findings of general assembly
3
City may apply to board for loan
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Board determines terms of any loan after review by budget committee
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Interest on loan
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Limit on amount of loan
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Term of loan repayment; penalty
8
Disbursement of loan proceeds by board
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Repayment of loan by city from any revenue sources
10
Obligation to repay loan not basis to obtain excessive tax levy
11
Deposit by board of loan payments
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Loan proceeds received not considered part of levy excess
13
Chapter constitutes complete authority for loans
14
Treasurer of state payment of delinquent loan payments from city funds held by state