Indiana § 5-1.2-8-7 Loans

Indiana Statutes

§ 5-1.2-8-7 — Loans

Indiana § 5-1.2-8-7

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 8Educational Facility Financing

This text of Indiana § 5-1.2-8-7 (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 § 5-1.2-8-7 (2026).

Text

(a)The authority may make loans to any nonprofit college or university for the cost of an educational facility project, including the establishment of liability or other loss insurance reserves or the contribution of those reserves to a risk retention group for the purpose of providing insurance coverage against liability claims or other losses in accordance with an agreement between the authority and the nonprofit college or university.

(b)A loan authorized under this section may not exceed the total cost of the educational facility project as determined by the nonprofit college or university and approved by the authority.

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(a) The authority may make loans to any
nonprofit college or university for the cost of an educational facility
project, including the establishment of liability or other loss insurance
reserves or the contribution of those reserves to a risk retention group
for the purpose of providing insurance coverage against liability claims
or other losses in accordance with an agreement between the authority
and the nonprofit college or university.
(b) A loan authorized under this section may not exceed the total
cost of the educational facility project as determined by the nonprofit
college or university and approved by the authority.