There is a newer version
of
this Section
2019 Indiana Code
Title 6. Taxation
Article 1.1. Property Taxes
Chapter 20.3. Distressed Political Subdivisions
6-1.1-20.3-17. Loans or advances from the common school fund; extension of term
Universal Citation: IN Code § 6-1.1-20.3-17 (2019)
IC 6-1.1-20.3-17 Loans or advances from the common school fund; extension of term
Sec. 17. If the distressed unit appeal board delays or suspends, for a period determined by the board, any payments on loans or advances from the common school fund under section 6.8 of this chapter, the distressed unit appeal board may recommend to the state board of finance that the term of the loans or advances be extended. If the distressed unit appeal board makes a recommendation to extend the term of the loan or advances, the state board of finance may extend the term of the loans or advances for a period of time that is equal to or less than the number of months for which the payments are delayed or suspended.
As added by P.L.257-2019, SEC.55.
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.
