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Indiana Code — Title 6 (Taxation)

IC 6-1.1-20.3-8.3

Review of school corporation petition for a loan

Official textiga.in.govlast amended

Sec. 8.3. After the board receives a petition concerning a school corporation under section
6(b)(1) of this chapter, the board shall review the school corporation's request for a loan from the counter-cyclical revenue and economic stabilization fund under IC 6-1.1-21.4-3(b). The board shall make a recommendation to the state board of finance regarding the loan request.
The board may consider whether a school corporation has attempted to secure temporary cash flow loans from the Indiana bond bank or a financial institution in making its recommendation.
As added by P.L.145-2012, SEC.10. Amended by P.L.257-2013, SEC.23.

Amendment history

As added by P.L.145-2012, SEC.10. Amended by P.L.257-2013, SEC.23.

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Nearby sections (25 sections)
  1. 6-1.1-20.3-3 · "Political subdivision"
  2. 6-1.1-20.3-4 · Board established; members; terms; vacancies;…
  3. 6-1.1-20.3-5 · Staff duties; rules; funding; contracts
  4. 6-1.1-20.3-6 · Petitions to the board; petition by treasurer of state
  5. 6-1.1-20.3-6.5 · Designation of distressed political subdivisions;…
  6. 6-1.1-20.3-6.7 · "Township assistance property tax rate"; designation of
  7. 6-1.1-20.3-6.8 · Designation of Gary Community School Corporation as a
  8. 6-1.1-20.3-6.9 · Repealed
  9. 6-1.1-20.3-7 · Repealed
  10. 6-1.1-20.3-7.1 · Repealed
  11. 6-1.1-20.3-7.5 · Appointment of emergency manager; representation by
  12. 6-1.1-20.3-8 · Repealed
  13. 6-1.1-20.3-8.3 · Review of school corporation petition for a loan
  14. 6-1.1-20.3-8.4 · Expired
  15. 6-1.1-20.3-8.5 · Powers and duties of emergency manager
  16. 6-1.1-20.3-8.7 · Restrictions on school corporations designated as…
  17. 6-1.1-20.3-9 · Frequency of meetings; record of proceedings;…
  18. 6-1.1-20.3-9.9 · Petition to board appealing decision by emergency…
  19. 6-1.1-20.3-10 · Petition for judicial review
  20. 6-1.1-20.3-11 · Court rules; procedure
  21. 6-1.1-20.3-12 · Burden of proof; findings of fact; grounds for relief
  22. 6-1.1-20.3-13 · Petition for termination of distressed status;…
  23. 6-1.1-20.3-14 · Repealed
  24. 6-1.1-20.3-15 · Requests for technical assistance from the board
  25. 6-1.1-20.3-16 · Distressed school corporations; governing body; employee
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