§ 6-1.1-21.3-1 “Board”, “qualified taxing unit”, and “qualifying taxpayer”
§ 6-1.1-21.3-2 Qualifying taxing unit may apply to board for loan
§ 6-1.1-21.3-3 Determination of terms of loan by board; loan conditions; disbursement of installments by board; loan repayment; obligation to repay not basis for excessive tax levy; deposit by board of loan payments received
§ 6-1.1-21.3-4 Certain amounts not considered for determination of levy excess; use of delinquent tax and effect on remaining loan balance; use of loan proceeds
§ 6-1.1-21.3-5 Loan not bonded indebtedness
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Indiana Code > Title 6 > Article 1.1 > Chapter 21.3 - Rainy Day Fund Loans for Taxing Units Affected by Transmission Manufacturer Bankruptcy

  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • board: refers to the state board of finance. See Indiana Code 6-1.1-21.3-1
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • qualified taxing unit: means a taxing unit:

    Indiana Code 6-1.1-21.3-1

  • qualifying taxpayer: means a taxpayer that:

    Indiana Code 6-1.1-21.3-1

  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5