§ 5-28-30-13 — Premiums; fees; charges

Indiana § 5-28-30-13

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 30: Industrial Development Loan Guaranty Program

Text

The corporation may establish:
(1) guarantee premiums for a guarantee under section 10 of this
chapter of any loan or lease outstanding at the beginning of each
year or at the time the guarantee is entered into; and
(2) loan application, placement, origination, commitment,
administrative, processing, or other fees or charges in connection
with the corporation's powers under section 17 of this chapter.
These premiums, fees, or charges are payable in amounts or based upon
formulas established by the corporation and may be payable, at the
election of the corporation, in whole or in part, in the form of cash,
shares of stock, warrants for the purchase of shares of stock, or other
securities, property, or rights acceptable to the corporation. These
premiums, fees, or charges shall be payable by the developer or user to
the corporation in a manner prescribed by the corporation.

Legislative History

As added by P.L.162-2007, SEC.25.