Indiana Statutes
§ 20-42-1-10 — Loans; required interest rate
Indiana·Title 20 EDUCATION·Art. 42 FIDUCIARY FUNDS AND ACCOUNTS·Ch. 1 Administration of Common School Fund by County
Subject to section 9 of this chapter, the:
(1)principal belonging to a fund; and
(2)accumulations to the principal of a fund held by a county;
must be loaned at four percent (4%) per annum. Loans made before
June 1, 1943, with a rate of interest higher than four percent (4%) per
annum must have an interest rate of four percent (4%) per annum.
[Pre-2006 Recodification Citation: 21-1-7-1.]
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Legislative History
As added by P.L.2-2006, SEC.165.
Nearby Sections
15
§ 20-17-1-1
"Prior law"§ 20-17-1-2
Purpose of recodification§ 20-17-1-3
Statutory construction of recodification§ 20-17-1-4
Effect of recodification§ 20-17-1-5
Recodification of prior law§ 20-17-1-6
References to repealed statutes§ 20-17-1-7
References to citations§ 20-17-1-8
References to prior rules§ 20-17-1-9
References to prior law§ 20-17-2-1
"Prior law"§ 20-17-2-2
Purpose of recodification§ 20-17-2-3
Statutory construction of recodification§ 20-17-2-4
Effect of recodification§ 20-17-2-5
Recodification of prior law§ 20-17-2-6
References to repealed statutes