Sec. 11. Whenever the board receives a payment on a loan made under this chapter, the board shall deposit the amount paid in the counter-cyclical revenue and economic stabilization fund.
As added by P.L.182-2009(ss), SEC.153.
Structure Indiana Code
Chapter 21.1. Rainy Day Fund Loans to the City of Laporte
6-1.1-21.1-2. Findings of General Assembly
6-1.1-21.1-3. City May Apply to Board for Loan
6-1.1-21.1-4. Board Determines Terms of Any Loan After Review by Budget Committee
6-1.1-21.1-5. Interest on Loan
6-1.1-21.1-6. Limit on Amount of Loan
6-1.1-21.1-7. Term of Loan Repayment; Penalty
6-1.1-21.1-8. Disbursement of Loan Proceeds by Board
6-1.1-21.1-9. Repayment of Loan by City From Any Revenue Sources
6-1.1-21.1-10. Obligation to Repay Loan Not Basis to Obtain Excessive Tax Levy
6-1.1-21.1-11. Deposit by Board of Loan Payments
6-1.1-21.1-12. Loan Proceeds Received Not Considered Part of Levy Excess
6-1.1-21.1-13. Chapter Constitutes Complete Authority for Loans
6-1.1-21.1-14. Treasurer of State Payment of Delinquent Loan Payments From City Funds Held by State