Sec. 6. The total amount of all loans under this chapter for all calendar years may not exceed the amount of revenue that the board determines has not been collected by the city of LaPorte from property taxes in 2008 and 2009 on the date of the loan. As added by P.L.182-2009(ss), SEC.153.
Limit on amount of loan
Ind. Code § 6-1.1-21.1-6, under Rainy Day Fund Loans to the City of LaPorte.
Ind. Code § 6-1.1-21.1-6