{"data":{"id":"us-in/ic-6-1.1-21.4-2","jurisdiction":"us-in","citation":"IC 6-1.1-21.4-2","heading":"\"Eligible school corporation\"","body":"Sec. 2. As used in this chapter, \"eligible school corporation\" refers to any of the following:\n(1) A school corporation located in a county in which distributions of property tax revenue for 2007 or 2008 to the taxing units (as defined in IC 6-1.1-1-21) of the county:\n(A) have not been made; or\n(B) were delayed by more than sixty (60) days after either due date specified in IC 6-1.1-22-9.\n(2) A school corporation that is:\n(A) designated by the distressed unit appeal board as a distressed political subdivision under IC 6-1.1-20.3; or\n(B) approved for a loan by the distressed unit appeal board under IC 6-1.1-20.3-8.3.\n(3) A school corporation that had a loan from the counter-cyclical revenue and economic stabilization fund denied in October 2013. However, the school corporation is not an eligible school corporation if in 2014 the voters approve a referendum tax levy for the school corporation under IC 20-46-1.","path":["TITLE 6. TAXATION","ARTICLE 1.1. PROPERTY TAXES","Chapter 21.4. Rainy Day Fund Loans for Eligible School Corporations"],"source_url":"https://iga.in.gov/ic/2026/Title_6.html#6-1.1-21.4-2","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-09T01:51:39Z","sha256":"1e64815b22af14fa7c843e1389f7e68e2ca7bd799fd7dd2b7c36b964cc01046c","source_id":"us-in","stale":false,"prev":"us-in/ic-6-1.1-21.4-1","next":"us-in/ic-6-1.1-21.4-3"},"notice":"GroundRules: Original legal text. Not legal advice."}