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2019 Indiana Code
Title 6. Taxation
Article 1.1. Property Taxes
Chapter 20.2. Rainy Day Fund Loans to Certain Counties
6-1.1-20.2-11. Loan proceeds received not considered part of levy excess
Universal Citation: IN Code § 6-1.1-20.2-11 (2019)
IC 6-1.1-20.2-11 Loan proceeds received not considered part of levy excess
Sec. 11. The proceeds of a loan received by an eligible county under this chapter are not considered to be part of the ad valorem property tax levy actually collected by the eligible county for taxes first due and payable during a particular calendar year for the purpose of calculating levy excess.
As added by P.L.182-2009(ss), SEC.150.
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