Indiana Code Title 14. Natural and Cultural Resources § 14-27-6-42

Sec. 42. (a) The board may authorize and make temporary loans in anticipation of the collection of taxes in the district actually levied and in course of collection for the fiscal year in which the loans are made.

(b) The board must authorize the loans by ordinance and shall evidence the loans by warrants in the form provided by the authorizing ordinance.  The warrants must state the following:

(c) The ordinance authorizing the temporary loans must appropriate and pledge sufficient of the current revenues in anticipation of which the warrants are issued and out of which the warrants are payable to the payment of the warrants.  The warrants evidencing the temporary loans shall be executed, sold, and delivered in the same manner as are bonds of the authority.