Indiana Statutes
§ 21-34-7-4 — Proceeds of a grant anticipation loan
Indiana·Title 21 HIGHER EDUCATION·Art. 34 STATE EDUCATIONAL INSTITUTIONS:·Ch. 7 Grant Anticipation Loans
The board of trustees of a state educational institution shall apply the proceeds of any grant anticipation notes to those items of cost for which the grant has been allocated by the granting agencies. The purchaser of any notes:
(1)is not liable for any improper use of the proceeds; and
(2)does not have to insure that the amount of the loan stays
within the maximum limits specified in section 2 of this chapter
as grant funds are received by the state educational institution.
[Pre-2007 Higher Education Recodification Citation:
20-12-6-8.5(d).]
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Indiana § 21-34-7-4 (Proceeds of a grant anticipation loan) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.2-2007, SEC.275.
Nearby Sections
15
§ 21-12-1-1
Definitions§ 21-12-1-10
"Frank O'Bannon grant"§ 21-12-1-11
"Fund"§ 21-12-1-11.5
"Prior learning assessment"§ 21-12-1-12
Repealed§ 21-12-1-13
"Program"§ 21-12-1-14
"Scholarship"§ 21-12-1-15
"Scholarship applicant"§ 21-12-1-16
"Scholarship recipient"§ 21-12-1-2
"Academic term"§ 21-12-1-3
"Academic year"§ 21-12-1-4
"Active duty"§ 21-12-1-4.5
"Adult student grant"§ 21-12-1-5
"Approved secondary school"§ 21-12-1-6
"Commission"