Indiana Statutes
§ 6-1.1-21.4-7 — Failure to repay loan
Indiana § 6-1.1-21.4-7
This text of Indiana § 6-1.1-21.4-7 (Failure to repay loan) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 6-1.1-21.4-7 (2026).
Text
Upon the failure of a school corporation to
repay any of the school corporation's obligations under this chapter
during a calendar year when due, the treasurer of state, upon being
notified of the failure by the board, shall pay the unpaid obligations that
are due from money in the possession of the state that would otherwise
be available for distribution to the school corporation under any other
law, deducting the payment from the amount distributed. However, the
treasurer of state may not impair the rights of the school corporation's
bondholders.
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Legislative History
As added by P.L.145-2012, SEC.21.
Nearby Sections
15
§ 6-1.1-1-1
Applicability§ 6-1.1-1-1.5
"Assessing official"§ 6-1.1-1-10
"Person"§ 6-1.1-1-11
"Personal property"§ 6-1.1-1-12
"Political subdivision"§ 6-1.1-1-13
Repealed§ 6-1.1-1-14
"Property taxation"§ 6-1.1-1-15
"Real property"§ 6-1.1-1-16
"School corporation"§ 6-1.1-1-17
"Special assessment"§ 6-1.1-1-18
"State agency"§ 6-1.1-1-19
"Tangible property"§ 6-1.1-1-2
"Assessment date"§ 6-1.1-1-20
"Taxing district"§ 6-1.1-1-21
"Taxing unit"Cite This Page — Counsel Stack
Bluebook (online)
Indiana § 6-1.1-21.4-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-21.4-7.