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2019 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 (2019)
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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