Limit on amount of loan

Official textiga.in.govlast amended 2009

Sec. 6. The total amount of all loans under this chapter for all calendar years may not exceed the amount of revenue that the board determines has not been collected by the city of LaPorte from property taxes in 2008 and 2009 on the date of the loan.
As added by P.L.182-2009(ss), SEC.153.

Amendment history

As added by P.L.182-2009(ss), SEC.153.

Source: view the official text

Nearby sections (25 sections)

6-1.1-20.6-9.8 · Allocation of taxes exempted from credit
6-1.1-20.6-9.9 · Allocation of credits by eligible school corporations
6-1.1-20.6-10 · Payment of debt service obligations
6-1.1-20.6-11 · Report; effect of circuit breaker on taxing unit…
6-1.1-20.6-11.1 · Department of local government finance estimates of…
6-1.1-20.6-12 · Application of credit of excise tax distribution…
6-1.1-20.6-13 · Allocation of credits by distressed political…
6-1.1-21.1-1 · "Board"
6-1.1-21.1-2 · Findings of general assembly
6-1.1-21.1-3 · City may apply to board for loan
6-1.1-21.1-4 · Board determines terms of any loan after review by budget
6-1.1-21.1-5 · Interest on loan
6-1.1-21.1-6 · Limit on amount of loan
6-1.1-21.1-7 · Term of loan repayment; penalty
6-1.1-21.1-8 · Disbursement of loan proceeds by board
6-1.1-21.1-9 · Repayment of loan by city from any revenue sources
6-1.1-21.1-10 · Obligation to repay loan not basis to obtain excessive…
6-1.1-21.1-11 · Deposit by board of loan payments
6-1.1-21.1-12 · Loan proceeds received not considered part of levy…
6-1.1-21.1-13 · Chapter constitutes complete authority for loans
6-1.1-21.1-14 · Treasurer of state payment of delinquent loan payments…
6-1.1-21.2-1 · Repealed
6-1.1-21.2-2 · Applicability of definitions in IC 36
6-1.1-21.2-3 · "Allocation area"
6-1.1-21.2-4 · "Base assessed value"

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