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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.114-2006, SEC.3.
Structure Indiana Code
Indiana Code
Title 6. Taxation
Article 1.1. Property Taxes
Chapter 21.9. Rainy Day Fund Loans for Qualified Taxing Units
6-1.1-21.9-1. Definitions
6-1.1-21.9-2. Qualified Taxing Unit
6-1.1-21.9-3. Board Determines Terms of Loan and Disburses Installments; Loan Repayment; No Excessive Levy; Deposit of Payments Received
6-1.1-21.9-4. Effects on Levy Excess Funds; Effects of Receipt of Delinquent Taxes
6-1.1-21.9-5. Loan Is Not Bonded Indebtedness