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Indiana Code — Title 6 (Taxation)

IC 6-1.1-21.4-2

"Eligible school corporation"

Official textiga.in.govlast amended

Sec. 2. As used in this chapter, "eligible school corporation" refers to any of the following:

# (1)

A school corporation located in a county in which distributions of property tax revenue for 2007 or 2008 to the taxing units (as defined in IC 6-1.1-1-21) of the county:

# (A)

have not been made; or

# (B)

were delayed by more than sixty (60) days after either due date specified in IC 6-1.1-22-9.

# (2)

A school corporation that is:

# (A)

designated by the distressed unit appeal board as a distressed political subdivision under IC 6-1.1-20.3; or

# (B)

approved for a loan by the distressed unit appeal board under IC 6-1.1-20.3-8.3.

# (3)

A school corporation that had a loan from the counter-cyclical revenue and economic stabilization fund denied in October 2013. However, the school corporation is not an eligible school corporation if in 2014 the voters approve a referendum tax levy for the school corporation under IC 20-46-1.
As added by P.L.131-2008, SEC.5. Amended by P.L.145-2012, SEC.16; P.L.166-2014, SEC.5.

Amendment history

As added by P.L.131-2008, SEC.5. Amended by P.L.145-2012, SEC.16; P.L.166-2014, SEC.5.

Source: view the official text

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Nearby sections (25 sections)
  1. 6-1.1-21.2-12 · Governing body action to raise tax increment replacement
  2. 6-1.1-21.2-13 · Repealed
  3. 6-1.1-21.2-14 · Repealed
  4. 6-1.1-21.2-15 · Special assessment and tax collections deposited in…
  5. 6-1.1-21.2-16 · Adjustment for tax benefit
  6. 6-1.1-21.3-1 · "Board", "qualified taxing unit", and "qualifying…
  7. 6-1.1-21.3-2 · Qualifying taxing unit may apply to board for loan
  8. 6-1.1-21.3-3 · Determination of terms of loan by board; loan conditions;
  9. 6-1.1-21.3-4 · Certain amounts not considered for determination of levy
  10. 6-1.1-21.3-5 · Loan not bonded indebtedness
  11. 6-1.1-21.4-0.5 · "ADM"
  12. 6-1.1-21.4-1 · "Board"
  13. 6-1.1-21.4-2 · "Eligible school corporation"
  14. 6-1.1-21.4-3 · Eligible school corporation; maximum loan; loan terms
  15. 6-1.1-21.4-3.5 · Termination of authority to make loans
  16. 6-1.1-21.4-4 · Board determination of loan amount; disbursement of…
  17. 6-1.1-21.4-5 · Effects on levy excess funds
  18. 6-1.1-21.4-6 · Loan is not bonded indebtedness
  19. 6-1.1-21.4-7 · Failure to repay loan
  20. 6-1.1-21.5-1 · "Qualified taxing unit"
  21. 6-1.1-21.5-2 · "Board"
  22. 6-1.1-21.5-3 · Loan application; prerequisites to grant of loan
  23. 6-1.1-21.5-4 · Maximum amount of loan
  24. 6-1.1-21.5-5 · Terms of loan; interest; repayment; depository
  25. 6-1.1-21.5-6 · Loan proceeds and delinquent tax payments; levy excess
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