Sec. 5. A loan under this chapter is not bonded indebtedness for purposes of IC 6-1.1-18.5. As added by P.L.114-2006, SEC.3.
Loan is not bonded indebtedness
Ind. Code § 6-1.1-21.9-5, under Chapter 21.9. Rainy Day Fund Loans for Qualified Taxing Units.
Ind. Code § 6-1.1-21.9-5