Indiana Code 6-1.1-21.1-10. Obligation to repay loan not basis to obtain excessive tax levy

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Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.

Sec. 10. The obligation to repay a loan made under this chapter is not a basis for the city of LaPorte to obtain an excessive tax levy.

As added by P.L.182-2009(ss), SEC.153.