Statutes, codes, and regulations
Indiana Code
Title 6 - TAXATIONArticle 1.1 - PROPERTY TAXES
Chapter 22.1 - LOANS TO QUALIFIED TAXING UNITS IN LAKE COUNTY SEC. 1. AS USED IN THIS CHAPTER, "BOARD" REFERS TO THE STATE BOARD OF FINANCE
Section 6-1.1-22.1-7 - Requirement to repay loans

Ind. Code § 6-1.1-22.1-7

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Current through P.L. 171-2024
Section 6-1.1-22.1-7 - Requirement to repay loans

If a qualified taxing unit receives a loan under this chapter, the qualified taxing unit must repay the loan within twenty-five (25) years after the date on which the loan is made. No penalty may be imposed for repaying a loan under this chapter before the term of the loan expires.

IC 6-1.1-22.1-7

Added by P.L. 236-2023,SEC. 43, eff. 7/1/2023.