Indiana § 5-1.2-9-25 Guarantees; secured loans; reservation of funds

Indiana Statutes

§ 5-1.2-9-25 — Guarantees; secured loans; reservation of funds

Indiana § 5-1.2-9-25

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 9Economic Development Projects

This text of Indiana § 5-1.2-9-25 (Guarantees; secured loans; reservation of funds) 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 § 5-1.2-9-25 (2026).

Text

Before exercising any of the powers conferred by section 23 of this chapter, the authority may:

(1)require that the loan involved be insured by a loan insurer or be guaranteed by a loan guarantor;

(2)require any type of security that the authority considers reasonable and necessary; or

(3)authorize the reservation of funds by lenders in the amount and subject to conditions as the authority considers reasonable and necessary under this chapter.

Free access — add to your briefcase to read the full text and ask questions with AI

Before exercising any of the powers
conferred by section 23 of this chapter, the authority may:
(1) require that the loan involved be insured by a loan insurer or
be guaranteed by a loan guarantor;
(2) require any type of security that the authority considers
reasonable and necessary; or
(3) authorize the reservation of funds by lenders in the amount
and subject to conditions as the authority considers reasonable
and necessary under this chapter.