There is a newer version
of
this Section
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.
Disclaimer: These codes may not be the most recent version. Indiana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
