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Chapter

Rainy Day Fund Loans for Taxing Units Affected by Transmission Manufacturer Bankruptcy

  • Ind. Code § 6-1.1-21.3-1— "Board", "qualified taxing unit", and "qualifying taxpayer"
  • Ind. Code § 6-1.1-21.3-2— Qualifying taxing unit may apply to board for loan
  • Ind. Code § 6-1.1-21.3-3— 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 payments received
  • Ind. Code § 6-1.1-21.3-4— Certain amounts not considered for determination of levy excess; use of delinquent tax and effect on remaining loan balance; use of loan proceeds
  • Ind. Code § 6-1.1-21.3-5— Loan not bonded indebtedness