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Indiana Code — Title 6 (Taxation)

IC 6-1.1-20.3-6

Petitions to the board; petition by treasurer of state

Official textiga.in.govlast amended

Sec. 6. (a) The fiscal body and the executive of a political subdivision may jointly file a petition with the board seeking to have the political subdivision designated as a distressed political subdivision under this chapter.

(b) The governing body or the superintendent of a school corporation may do any of the following:

# (1)

File a petition with the board seeking relief under section 8.3 of this chapter.

# (2)

File a petition with the board seeking to have the school corporation designated as a distressed political subdivision under this chapter.

(c) If the treasurer of state has reason to believe that a school corporation will not be able to pay the school corporation's debt service obligations (as defined in IC 20-48-1-11) as those debt service obligations become due, the treasurer of state may file a petition with the board seeking to have the school corporation designated as a distressed political subdivision under this chapter.

(d) The board may adopt procedures governing the timing and required content of a petition under subsection (a) or (c).
As added by P.L.224-2007, SEC.36. Amended by P.L.146-2008, SEC.205; P.L.145-2012,
SEC.5; P.L.257-2013, SEC.20; P.L.241-2017, SEC.6; P.L.244-2017, SEC.11; P.L.140-2018,
SEC.2.

Amendment history

As added by P.L.224-2007, SEC.36. Amended by P.L.146-2008, SEC.205; P.L.145-2012, SEC.5; P.L.257-2013, SEC.20; P.L.241-2017, SEC.6; P.L.244-2017, SEC.11; P.L.140-2018, SEC.2.

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Nearby sections (25 sections)
  1. 6-1.1-20.2-8 · Repayment of loan by eligible county from any revenue…
  2. 6-1.1-20.2-9 · Obligation to repay loan not basis to obtain excessive…
  3. 6-1.1-20.2-10 · Deposit by board of loan payments
  4. 6-1.1-20.2-11 · Loan proceeds received not considered part of levy…
  5. 6-1.1-20.2-12 · Chapter constitutes complete authority for loans
  6. 6-1.1-20.2-13 · Treasurer of state payment of delinquent loan payments…
  7. 6-1.1-20.2-14 · Restriction on use of loans
  8. 6-1.1-20.3-1 · "Board"
  9. 6-1.1-20.3-2 · "Distressed political subdivision"
  10. 6-1.1-20.3-3 · "Political subdivision"
  11. 6-1.1-20.3-4 · Board established; members; terms; vacancies;…
  12. 6-1.1-20.3-5 · Staff duties; rules; funding; contracts
  13. 6-1.1-20.3-6 · Petitions to the board; petition by treasurer of state
  14. 6-1.1-20.3-6.5 · Designation of distressed political subdivisions;…
  15. 6-1.1-20.3-6.7 · "Township assistance property tax rate"; designation of
  16. 6-1.1-20.3-6.8 · Designation of Gary Community School Corporation as a
  17. 6-1.1-20.3-6.9 · Repealed
  18. 6-1.1-20.3-7 · Repealed
  19. 6-1.1-20.3-7.1 · Repealed
  20. 6-1.1-20.3-7.5 · Appointment of emergency manager; representation by
  21. 6-1.1-20.3-8 · Repealed
  22. 6-1.1-20.3-8.3 · Review of school corporation petition for a loan
  23. 6-1.1-20.3-8.4 · Expired
  24. 6-1.1-20.3-8.5 · Powers and duties of emergency manager
  25. 6-1.1-20.3-8.7 · Restrictions on school corporations designated as…
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