Indiana Code 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:

Ask a legal question, get an answer ASAP! Click here to chat with a lawyer about your rights. Terms Used In Indiana Code 6-1.1-21.5-4 board: refers to the state board of finance. See Indiana Code 6-1.1-21.5-2 qualified taxing unit: means each of the following: Indiana Code 6-1.1-21.5-1	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.