Indiana § 12-20-24-1 - Appeal for right to borrow; showing
Full text of Indiana Indiana Code § 12-20-24-1 — Appeal for right to borrow; showing, with citation guidance and answers to common questions.
§ 12-20-24-1. Appeal for right to borrow; showing
Sec. 1. (a) In addition to the other methods of township assistance financing provided by this article, if a township trustee for a township determines that a particular township's township assistance account will be exhausted before the end of a fiscal year, the township trustee shall notify the township board of that determination.
(b) After receiving notice under subsection (a) that a township's township assistance account will be exhausted before the end of a fiscal year, the township board shall appeal to the department of local government finance for the right to borrow money on a short term basis to fund township assistance services in the township. In the appeal the township board must do the following:
(1) Show that the amount of money contained in the township assistance account will not be sufficient to fund services required to be provided within the township by this article.
(2) Show the amount of money that the board estimates will be needed to fund the deficit.
(3) Indicate a period, not to exceed five (5) years, during which the township would repay the loan.
[Pre-1992 Revision Citation: 12-2-4.5-1.]
As added by P.L.2-1992, SEC.14. Amended by P.L.145-1993, SEC.8; P.L.101-2000, SEC.8; P.L.73-2005, SEC.108; P.L.169-2006, SEC.36.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 12-20-24-1
What does Indiana Code § 12-20-24-1 cover?
Section 12-20-24-1 ("Appeal for right to borrow; showing") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 12-20-24-1?
A common citation format is "Indiana Code § 12-20-24-1" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 12-20-24-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.