Indiana Statutes
§ 6-1.1-21.5-3 — Loan application; prerequisites to grant of loan
Indiana § 6-1.1-21.5-3
This text of Indiana § 6-1.1-21.5-3 (Loan application; prerequisites to grant of 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 § 6-1.1-21.5-3 (2026).
Text
Before January 1, 2002, a qualified taxing unit may apply to the board for a loan from the counter-cyclical revenue and economic stabilization fund. The board may make a loan from the fund to the taxing unit if:
(1)a taxpayer with tangible property subject to taxation by the
qualified taxing unit has filed a petition to reorganize under the
federal bankruptcy code;
(2)the taxpayer has defaulted on one (1) of its property tax
payments;
(3)the qualified taxing unit has experienced and will continue to
experience a significant revenue shortfall as a result of the
default; and
(4)the taxpayer is a steel manufacturer that owns at least eighteen
percent (18%) of the assessed value within the taxing unit.
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Legislative History
As added by P.L.380-1987(ss), SEC.5. Amended by
P.L.291-2001, SEC.207.
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Repealed§ 6-1.1-1-14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 § 6-1.1-21.5-3, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/6-1.1-21.5-3.