§ 6-1.1-21.9-1 Definitions
§ 6-1.1-21.9-2 Qualified taxing unit
§ 6-1.1-21.9-3 Board determines terms of loan and disburses installments; loan repayment; no excessive levy; deposit of payments received
§ 6-1.1-21.9-4 Effects on levy excess funds; effects of receipt of delinquent taxes
§ 6-1.1-21.9-5 Loan is not bonded indebtedness
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Terms Used In Indiana Code > Title 6 > Article 1.1 > Chapter 21.9 - Rainy Day Fund Loans for Qualified Taxing Units

  • 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 6-1.1-21.9-1
  • 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 6-1.1-21.9-1

  • qualifying taxpayer: means a taxpayer that:

    Indiana Code 6-1.1-21.9-1

  • 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