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Thread: Borrowing money in anticipation of ad valorem taxes.

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    Janet Wilson Guest

    Default Borrowing money in anticipation of ad valorem taxes.

    Q May a municipality borrow money in anticipation of ad valorem taxes?

    A Yes. Section 21-33-325 allows loans up to 50 % of the anticipated ad valorem tax revenue from any source, to be repaid by the following March 15.
    Last edited by Janet Wilson; 12-03-2009 at 01:48 PM.

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