2018 Indiana Code
TITLE 6. Taxation
ARTICLE 1.1. PROPERTY TAXES
CHAPTER 21.5. Loans to Qualified Taxing Units
6-1.1-21.5-4. Maximum amount of loan

Universal Citation: IN Code § 6-1.1-21.5-4 (2018)
IC 6-1.1-21.5-4 Maximum amount of loan

     Sec. 4. The maximum amount that the board may loan to a qualified taxing unit under this chapter is set forth in the following table:

 

 

MAXIMUM

 

TYPE OF TAXING UNIT

LOAN

 

City

$

5,500,000

 

 

Sanitary District

$

1,900,000

 

 

Library District

$

800,000

 

 

School Corporation

$

8,000,000

 

As added by P.L.380-1987(ss), SEC.5. Amended by P.L.291-2001, SEC.208.

 

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