Maximum amount of loan
Sec. 4. The maximum amount that the board may loan to a
qualified taxing unit under this chapter is set forth in the following
table:
MAXIMUM
TYPE OF TAXING UNIT LOAN
City . . . . . . . . . . . . . . . . . . . . . . . . $ 5,500,000
Sanitary District . . . . . . . . . . . . . . $ 1,900,000
Library District . . . . . . . . . . . . . . . $ 800,000
School Corporation . . . . . . . . . . . $ 8,000,000
As added by P.L.380-1987(ss), SEC.5. Amended by P.L.291-2001,
SEC.208.
Last modified: May 28, 2006