§ 6-1.1-21.4-0.5 “ADM”
§ 6-1.1-21.4-1 “Board”
§ 6-1.1-21.4-2 “Eligible school corporation”
§ 6-1.1-21.4-3 Eligible school corporation; maximum loan; loan terms
§ 6-1.1-21.4-3.5 Termination of authority to make loans
§ 6-1.1-21.4-4 Board determination of loan amount; disbursement of funds; loan repayment; no excessive levy; deposit of payments received
§ 6-1.1-21.4-5 Effects on levy excess funds
§ 6-1.1-21.4-6 Loan is not bonded indebtedness
§ 6-1.1-21.4-7 Failure to repay loan

Terms Used In Indiana Code > Title 6 > Article 1.1 > Chapter 21.4 - Rainy Day Fund Loans for Eligible School Corporations

  • ADM: refers to a school corporation's average daily membership as determined under IC 20-43-4-2. See Indiana Code 6-1.1-21.4-0.5
  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • board: refers to the state board of finance. See Indiana Code 6-1.1-21.4-1
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • eligible school corporation: refers to any of the following:

    Indiana Code 6-1.1-21.4-2

  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • 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.
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5