Indiana § 16-22-5-17 Loans

Indiana Statutes

§ 16-22-5-17 — Loans

Indiana § 16-22-5-17

Title 16HEALTH

Art. 22COUNTY HOSPITALS

Ch. 5Financing Hospital Buildings

This text of Indiana § 16-22-5-17 (Loans) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 16-22-5-17 (2026).

Text

(a)The governing board may borrow money and may secure the borrowing by a pledge of the following:

(1)Amounts from the cumulative building fund.

(2)Accounts receivable.

(3)A security interest in capital equipment for which the proceeds of the loan is used.

(4)Other security, including the excess of unobligated revenues over operating expenses.

(b)The term of a loan may not exceed thirty-five (35) years. [Pre-1993 Recodification Citation: 16-12.1-4-7.]

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(a) The governing board may borrow money
and may secure the borrowing by a pledge of the following:
(1) Amounts from the cumulative building fund.
(2) Accounts receivable.
(3) A security interest in capital equipment for which the proceeds
of the loan is used.
(4) Other security, including the excess of unobligated revenues
over operating expenses.
(b) The term of a loan may not exceed thirty-five (35) years.
[Pre-1993 Recodification Citation: 16-12.1-4-7.]