Indiana Statutes
§ 20-42-2-12 — Form of loan agreement
Indiana·Title 20 EDUCATION·Art. 42 FIDUCIARY FUNDS AND ACCOUNTS·Ch. 2 County Administration of Congressional Township
(a)If a county council borrows funds under
this chapter, the county council shall adopt an ordinance specifying the
amount of the funds to be borrowed and specify the time when the loan
will be made. The board of county commissioners shall execute to the
state of Indiana for the use of the funds a written obligation, executed
by the board of county commissioners and attested by the county
auditor, that specifies the following:
(1)The facts under which the written obligation is executed.
(2)The sum of money borrowed.
(3)The time when the money will be repaid to the fund by the
county.
(b)The obligation must be deposited with the county auditor. The
county auditor shall retain the obligation and record entries concerning
the loans. The provisions of IC 6-1.1-20 concerning the loan to th
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Legislative History
As added by P.L.2-2006, SEC.165.
Nearby Sections
15
§ 20-17-1-1
"Prior law"§ 20-17-1-2
Purpose of recodification§ 20-17-1-3
Statutory construction of recodification§ 20-17-1-4
Effect of recodification§ 20-17-1-5
Recodification of prior law§ 20-17-1-6
References to repealed statutes§ 20-17-1-7
References to citations§ 20-17-1-8
References to prior rules§ 20-17-1-9
References to prior law§ 20-17-2-1
"Prior law"§ 20-17-2-2
Purpose of recodification§ 20-17-2-3
Statutory construction of recodification§ 20-17-2-4
Effect of recodification§ 20-17-2-5
Recodification of prior law§ 20-17-2-6
References to repealed statutes