Indiana Statutes
§ 5-28-20-11 — Obligation of program not a debt of state; loans from fund not lending of state credit
Indiana § 5-28-20-11
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 28INDIANA ECONOMIC DEVELOPMENT
Ch. 20Small and Minority Business Financial Assistance
This text of Indiana § 5-28-20-11 (Obligation of program not a debt of state; loans from fund not lending of state credit) 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 § 5-28-20-11 (2026).
Text
(a)An obligation of the program for losses
on loans resulting from death, default, bankruptcy, or total or
permanent disability of borrowers is not a debt of the state but is
payable solely from the fund.
(b)The making of loans from the fund does not constitute the
lending of credit by the state for purposes of any other statute or the
Constitution of the State of Indiana.
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Legislative History
As added by P.L.4-2005, SEC.34.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" definedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 5-28-20-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-28-20-11.