Sec. 16. (a) This section applies if the tax increment replacement amount for an allocation area in a district is less than zero (0). (b) The governing body of a district shall increase the base assessed value of property in the allocation area to an amount sufficient so that the tax increment replacement amount is equal to zero (0). IC 6-1.1-21.3 Chapter 21.3. Rainy Day Fund Loans for Taxing Units Affected by Transmission Manufacturer Bankruptcy 6-1.1-21.3-1 "Board", "qualified taxing unit", and "qualifying taxpayer" 6-1.1-21.3-2 Qualifying taxing unit may apply to board for loan 6-1.1-21.3-3 Determination of terms of loan by board; loan conditions; disbursement of installments by board; loan repayment; obligation to repay not basis for excessive tax levy; deposit by board of loan payments received 6-1.1-21.3-4 Certain amounts not considered for determination of levy excess; use of delinquent tax and effect on remaining loan balance; use of loan proceeds 6-1.1-21.3-5 Loan not bonded indebtedness
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