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IC 6-1.1-21.3 – Rainy Day Fund Loans for Taxing Units Affected by Transmission Manufacturer Bankruptcy | Midpage
Collections
Indiana Code
Title 6
1.1
Chapter 21.3
IC 6-1.1-21.3
Rainy Day Fund Loans for Taxing Units Affected by Transmission Manufacturer Bankruptcy
1
"Board", "qualified taxing unit", and "qualifying taxpayer"
2
Qualifying taxing unit may apply to board for loan
3
Determination of terms of loan by board; loan conditions; disbursement of installments by board; loan repayment; obligation to repay not basis for excessive tax levy; deposit by board of loan paymen
4
Certain amounts not considered for determination of levy excess; use of delinquent tax and effect on remaining loan balance; use of loan proceeds
5
Loan not bonded indebtedness