{"data":{"id":"us-in/ic-6-1.1-20.3-6","jurisdiction":"us-in","citation":"IC 6-1.1-20.3-6","heading":"Petitions to the board; petition by treasurer of state","body":"Sec. 6. (a) The fiscal body and the executive of a political subdivision may jointly file a petition with the board seeking to have the political subdivision designated as a distressed political subdivision under this chapter.\n(b) The governing body or the superintendent of a school corporation may do any of the following:\n(1) File a petition with the board seeking relief under section 8.3 of this chapter.\n(2) File a petition with the board seeking to have the school corporation designated as a distressed political subdivision under this chapter.\n(c) If the treasurer of state has reason to believe that a school corporation will not be able to pay the school corporation's debt service obligations (as defined in IC 20-48-1-11) as those debt service obligations become due, the treasurer of state may file a petition with the board seeking to have the school corporation designated as a distressed political subdivision under this chapter.\n(d) The board may adopt procedures governing the timing and required content of a petition under subsection (a) or (c).","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 20.3. Distressed Political Subdivisions"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-20.3-6","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"f7a99f3bf65c8feeaf5223ad4aea1f91218c150db23d938b496a8f4e9516510f","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-20.3-5","next":"us-in/ic-6-1.1-20.3-6.5"},"notice":"GroundRules: Original legal text. Not legal advice."}