Loan proceeds received not considered part of levy excess

Official textiga.in.govlast amended 2009

Sec. 11. The proceeds of a loan received by an eligible county under this chapter are not considered to be part of the ad valorem property tax levy actually collected by the eligible county for taxes first due and payable during a particular calendar year for the purpose of calculating levy excess.
As added by P.L.182-2009(ss), SEC.150.

Amendment history

As added by P.L.182-2009(ss), SEC.150.

Source: view the official text

Nearby sections (25 sections)

6-1.1-20-11 · Standards; validity of signatures on petition
6-1.1-20-12 · Distribution of levy approved in referendum
6-1.1-20.2-1 · "Board"
6-1.1-20.2-2 · "Eligible county"
6-1.1-20.2-3 · Eligible county may apply to board for loan
6-1.1-20.2-4 · Board determines terms of any loan after review by budget
6-1.1-20.2-5 · Interest on loan
6-1.1-20.2-6 · Term of loan repayment; penalty
6-1.1-20.2-7 · Disbursement of loan proceeds by board
6-1.1-20.2-8 · Repayment of loan by eligible county from any revenue…
6-1.1-20.2-9 · Obligation to repay loan not basis to obtain excessive…
6-1.1-20.2-10 · Deposit by board of loan payments
6-1.1-20.2-11 · Loan proceeds received not considered part of levy…
6-1.1-20.2-12 · Chapter constitutes complete authority for loans
6-1.1-20.2-13 · Treasurer of state payment of delinquent loan payments…
6-1.1-20.2-14 · Restriction on use of loans
6-1.1-20.3-1 · "Board"
6-1.1-20.3-2 · "Distressed political subdivision"
6-1.1-20.3-3 · "Political subdivision"
6-1.1-20.3-4 · Board established; members; terms; vacancies;…
6-1.1-20.3-5 · Staff duties; rules; funding; contracts
6-1.1-20.3-6 · Petitions to the board; petition by treasurer of state
6-1.1-20.3-6.5 · Designation of distressed political subdivisions;…
6-1.1-20.3-6.7 · "Township assistance property tax rate"; designation of
6-1.1-20.3-6.8 · Designation of Gary Community School Corporation as a

Full table of contents →