Indiana Statutes
§ 5-28-29-23 — Creation of reserve fund accounts
Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 28 INDIANA ECONOMIC DEVELOPMENT·Ch. 29 Capital Access Program
Upon execution of an agreement between the
lender and the corporation, the corporation shall establish a reserve
fund account with the lender in the name of the corporation for the
purpose of receiving all required premium charges to be paid by the
lender and the borrower and transfers made by the corporation under
this chapter.
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Legislative History
As added by P.L.162-2007, SEC.24.
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Repealed§ 5-1-10-1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" defined