{"data":{"id":"us-in/ic-16-23-1-24","jurisdiction":"us-in","citation":"IC 16-23-1-24","heading":"Loans in anticipation of taxes","body":"Sec. 24. (a) If the city fiscal body authorizes the borrowing by ordinance, the board of directors may borrow money by negotiating a temporary loan in anticipation of taxes already levied and in process of collection or distribution in the current year.\n(b) The notes, warrants, or other evidences of indebtedness must:\n(1) be executed by the city executive and attested by the clerk-treasurer; and\n(2) be payable not later than the end of the calendar year in which the auditor of the county or the clerk-treasurer of the city will collect and distribute the taxes in anticipation of which the temporary loan is made and the money borrowed.","path":["TITLE 16. HEALTH","ARTICLE 23. MUNICIPAL AND OTHER TYPES OF HOSPITALS","Chapter 1. City Hospitals in Third Class Cities"],"source_url":"https://iga.in.gov/ic/2026/Title_16.html#16-23-1-24","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-11T20:02:18Z","sha256":"b1d90cf5bd4086e73fc1de22b8f33b380dec15a5fbd7126016f21c6ba3052507","source_id":"us-in","stale":false,"prev":"us-in/ic-16-23-1-23","next":"us-in/ic-16-23-1-25"},"notice":"GroundRules: Original legal text. Not legal advice."}