§ 6-1.1-22.1-1 “Board”
§ 6-1.1-22.1-2 “Qualified taxing unit”
§ 6-1.1-22.1-3 Application for loan from counter-cyclical revenue and economic stabilization fund
§ 6-1.1-22.1-4 Determination of the terms of loan
§ 6-1.1-22.1-5 Interest
§ 6-1.1-22.1-6 Limit on amount of loans; use of proceeds of a loan
§ 6-1.1-22.1-7 Requirement to repay loans
§ 6-1.1-22.1-8 Disbursement of loan proceeds in installments
§ 6-1.1-22.1-9 Source of loan repayment
§ 6-1.1-22.1-10 Exclusion of the loan obligation as basis to obtain an excessive tax levy
§ 6-1.1-22.1-11 Deposit of repayment amounts in the counter-cyclical revenue and economic stabilization fund
§ 6-1.1-22.1-12 Loan proceeds; not considered part of ad valorem property tax levy actually collected
§ 6-1.1-22.1-13 Authority for the making of the loans; authorization; issuance; sale; and delivery of a note associated with a loan
§ 6-1.1-22.1-14 Payment of unpaid amount due; funds held by the state that would otherwise be distributable to the qualified taxing unit
§ 6-1.1-22.1-15 Loan; not bonded indebtedness
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Terms Used In Indiana Code > Title 6 > Article 1.1 > Chapter 22.1 - Loans to Qualified Taxing Units in Lake County

  • board: refers to the state board of finance. See Indiana Code 6-1.1-22.1-1
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • 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 city, township, or school corporation located in Lake County that experienced a property tax revenue shortfall in one (1) or more tax years:

    Indiana Code 6-1.1-22.1-2

  • 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.
  • Statute: A law passed by a legislature.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5