Board Policies


Adoption Date: Dec 27, 1993
6145 - SHORT-TERM INDEBTEDNESS

When Board determines that an emergency condition exists within a particular fund(s) and that the revenue being generated will not meet the current projected needs, the Treasurer may initiate procedures to acquire the necessary revenue from emergency loans, advance draws, tax anticipation warrants, or Indiana bond bank loans.

The appropriate bid procedure is to be followed for all short-term loans authorized by the Board.  Funds are to be borrowed from the institutions or organizations offering the terms most favorable to the Corporation following the approval by the Board.

References:
I.C. 21-2-21-6 through 21-2-21-8
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