Maximum amount of loan
Ind. Code § 6-1.1-21.5-4
in effectSec. 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.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026