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2018 Indiana Code
TITLE 6. Taxation
ARTICLE 1.1. PROPERTY TAXES
CHAPTER 21.1. Rainy Day Fund Loans to the City of LaPorte
6-1.1-21.1-7. Term of loan repayment; penalty
Universal Citation: IN Code § 6-1.1-21.1-7 (2018)
IC 6-1.1-21.1-7 Term of loan repayment; penalty
Sec. 7. If the city of LaPorte receives a loan under this chapter, the city must repay the loan within seventy-two (72) months after the date on which the loan is made. No penalty may be imposed for repaying a loan before the term of the loan.
As added by P.L.182-2009(ss), SEC.153.
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