Indiana § 21-7-14-9 Loans from fund; security

Indiana Statutes

§ 21-7-14-9 — Loans from fund; security

Indiana § 21-7-14-9

Title 21HIGHER EDUCATION

Art. 7STATE UNIVERSITIES

Ch. 14Indiana University Permanent Endowment Fund

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Bluebook

Ind. Code § 21-7-14-9 (2026).

Text

The state comptroller shall loan as much of the
fund as is not at any time absorbed by the nonnegotiable bonds of the
state issued under this chapter at six percent (6%) interest, payable
annually in advance in real estate security. Except as otherwise
provided in this chapter, in making loans and disbursing the interest
collected, the treasurer of state and the state comptroller are governed
by the law in force regulating the manner of making loans of the
university funds and paying out interest collected.
[Pre-2007 Higher Education Recodification Citation:
21-7-3-4.]

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The state comptroller shall loan as much of the
fund as is not at any time absorbed by the nonnegotiable bonds of the
state issued under this chapter at six percent (6%) interest, payable
annually in advance in real estate security. Except as otherwise
provided in this chapter, in making loans and disbursing the interest
collected, the treasurer of state and the state comptroller are governed
by the law in force regulating the manner of making loans of the
university funds and paying out interest collected.
[Pre-2007 Higher Education Recodification Citation:
21-7-3-4.]