Indiana Code
Chapter 21.4. Rainy Day Fund Loans for Eligible School Corporations
6-1.1-21.4-5. Effects on Levy Excess Funds

Sec. 5. The proceeds of a loan received by an eligible school corporation under this chapter are not considered to be part of the ad valorem property tax levy actually collected by the eligible school corporation for taxes first due and payable during a particular calendar year for the purpose of calculating levy excess.
As added by P.L.131-2008, SEC.5.