Indiana Code § 6-1.1-21.3-5

Loan not bonded indebtedness
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Sec. 5. A loan under this chapter is not bonded indebtedness for purposes of IC 6-1.1-18.5 .   IC 6-1.1-21.4 Chapter 21.4. Rainy Day Fund Loans for Eligible School Corporations               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

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