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Indiana Code
Title 6
1.1
Chapter 21.1
IC 6-1.1-21.1
Rainy Day Fund Loans to the City of LaPorte
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1
"Board"
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Findings of general assembly
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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
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Disbursement of loan proceeds by board
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Repayment of loan by city from any revenue sources
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Obligation to repay loan not basis to obtain excessive tax levy
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Deposit by board of loan payments
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Loan proceeds received not considered part of levy excess
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Chapter constitutes complete authority for loans
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Treasurer of state payment of delinquent loan payments from city funds held by state