Section 12-20-24-5 - Decision of department(a) If upon appeal under section 1 of this chapter the department determines that a township board should be allowed to borrow money under this chapter, the department shall order the township trustee to borrow the money from a financial institution on behalf of the township board and to deposit the money borrowed in the township's township assistance account.(b) If upon appeal under section 1 of this chapter the department determines that the township board should not be allowed to borrow money, the board may not do so for that year.Pre-1992 Revision Citation: 12-2-4.5-5.
As added by P.L. 2-1992, SEC.14. Amended by P.L. 101-2000, SEC.9; P.L. 90-2002, SEC.352; P.L. 73-2005, SEC.111; P.L. 169-2006, SEC.37.