Indiana Code
Chapter 21.3. Rainy Day Fund Loans for Taxing Units Affected by Transmission Manufacturer Bankruptcy
6-1.1-21.3-5. Loan Not Bonded Indebtedness

Sec. 5. A loan under this chapter is not bonded indebtedness for purposes of IC 6-1.1-18.5.
As added by P.L.182-2009(ss), SEC.156.

Structure Indiana Code

Title 6. Taxation

Article 1.1. Property Taxes

Chapter 21.3. Rainy Day Fund Loans for Taxing Units Affected by Transmission Manufacturer Bankruptcy

6-1.1-21.3-1. "Board", "Qualified Taxing Unit", and "Qualifying Taxpayer"

6-1.1-21.3-2. Qualifying Taxing Unit May Apply to Board for Loan

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

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

6-1.1-21.3-5. Loan Not Bonded Indebtedness