Proceeds treated as property taxes
Sec. 13. Loan proceeds received under this chapter shall be
treated as property taxes receivable by the fund in which the loan
proceeds are deposited for the purposes of receiving any excise tax,
state distribution, or other distribution of tax revenues that is
computed on the basis of the amount of the taxing unit's property tax
levy, except property tax replacement and homestead credits.
As added by P.L.58-1997, SEC.1.
Last modified: May 28, 2006