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Indiana General Assembly
Senate Bill 0548


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Senate Bill 0548

ARCHIVE (2009)

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State payment of certain local borrowing costs. Provides for the reimbursement by the state of borrowing costs of a taxing unit in a county if: (1) the department of local government finance ordered a reassessment of real property for the assessment date in 2006; (2) the billing of property taxes in the county in 2007 was late; and (3) as a result, the taxing unit had to borrow for current operations. Appropriates money from the state general fund to pay claims for reimbursement.
    Current Status:
     In Committee - first House
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