Indiana § 36-1-9.5-40 Loan guarantees and commitments of applicant; effect upon net current
assets

Indiana Statutes

§ 36-1-9.5-40 — Loan guarantees and commitments of applicant; effect upon net current assets

Indiana § 36-1-9.5-40

Title 36LOCAL GOVERNMENT

Art. 1GENERAL PROVISIONS

Ch. 9.5Qualifications of Bidders for Certain Contracts

This text of Indiana § 36-1-9.5-40 (Loan guarantees and commitments of applicant; effect upon net current assets) 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 § 36-1-9.5-40 (2026).

Text

If an applicant has guaranteed loans of any
person or any entity, has used assets as security for the guaranteed
loans, or has made other guarantees or commitments of activities of any
person or any entity, an entity may reduce or adjust the applicant's net
current assets if the entity determines that the guaranteed loans other
guarantees or commitments are significant when considered with the
applicant's statement of financial condition.

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If an applicant has guaranteed loans of any
person or any entity, has used assets as security for the guaranteed
loans, or has made other guarantees or commitments of activities of any
person or any entity, an entity may reduce or adjust the applicant's net
current assets if the entity determines that the guaranteed loans other
guarantees or commitments are significant when considered with the
applicant's statement of financial condition.