Sec. 13. Upon the failure of an eligible county to make any of the eligible county's payments on a loan granted under this chapter when due, the treasurer of state, upon being notified of the failure by the board, may pay the unpaid amount that is due from the funds held by the state that would be otherwise distributable to the eligible county.
As added by P.L.182-2009(ss), SEC.150.
Structure Indiana Code
Chapter 20.2. Rainy Day Fund Loans to Certain Counties
6-1.1-20.2-2. "Eligible County"
6-1.1-20.2-3. Eligible County May Apply to Board for Loan
6-1.1-20.2-4. Board Determines Terms of Any Loan After Review by Budget Committee
6-1.1-20.2-5. Interest on Loan
6-1.1-20.2-6. Term of Loan Repayment; Penalty
6-1.1-20.2-7. Disbursement of Loan Proceeds by Board
6-1.1-20.2-8. Repayment of Loan by Eligible County From Any Revenue Sources
6-1.1-20.2-9. Obligation to Repay Loan Not Basis to Obtain Excessive Tax Levy
6-1.1-20.2-10. Deposit by Board of Loan Payments
6-1.1-20.2-11. Loan Proceeds Received Not Considered Part of Levy Excess
6-1.1-20.2-12. Chapter Constitutes Complete Authority for Loans