Who's Been Tapping Into The State's Bond Bank?

By Scott Sarvay

January 27, 2011 Updated Jan 27, 2011 at 6:42 PM EDT

ALLEN COUNTY, Ind. (Indiana’s NewsCenter) - The Wayne Township Trustee Office is one of nine local entities that have tapped into the state's bond bank.

It was announced on Thursday that the Wayne Township Trustee's office received $942,000 to help make ends meet while waiting for their semi-annual distribution of property tax money.

The interest rate to borrow the cash is at 1.31 percent.

The city Marion has borrowed more than $6.6 million.

And the DeKalb County Eastern Community School System is in the hole for $2.8 million.

Here is the breakdown:

City of Marion $6,645,241.00

Dekalb county Central United School District $735,536.00

Dekalb County Eastern Community School $2,831,465.00

Jay School Corporation $900,000.00

M.S.D. of Steuben County $519,536.00

Northern Wells Community Schools $404,162.00

Smith Green Community Schools $612,203.00

Whitko Community School Corp.$535,430.00

Wayne Township (Allen) $942,004.00

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