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Indiana Code

Chapter 22.1

IC 6-1.1-22.1

Loans to Qualified Taxing Units in Lake County

1"Board"2"Qualified taxing unit"3Application for loan from counter-cyclical revenue and economic stabilization fund 4Determination of the terms of loan 5Interest 6Limit on amount of loans; use of proceeds of a loan 7Requirement to repay loans 8Disbursement of loan proceeds in installments 9Source of loan repayment 10Exclusion of the loan obligation as basis to obtain an excessive tax levy 11Deposit of repayment amounts in the counter-cyclical revenue and economic stabilization fund 12Loan proceeds; not considered part of ad valorem property tax levy actually collected 13Authority for the making of the loans; authorization; issuance; sale; and delivery of a note associated with a loan 14Payment of unpaid amount due; funds held by the state that would otherwise be distributable to the qualified taxing unit 15Loan; not bonded indebtedness