Term of loan repayment; penalty

Ind. Code § 6-1.1-20.2-6, under Chapter 20.2. Rainy Day Fund Loans to Certain Counties.

Ind. Code § 6-1.1-20.2-6

Sec. 6. An eligible county receiving a loan under this chapter must repay the loan within seventy-two (72) months after the date on which the loan is made. No penalty may be imposed for repaying a loan before the term of the loan. As added by P.L.182-2009(ss), SEC.150.