Indiana Statutes
§ 8-14-8-7 — Loan approval; agreement; terms; repayment
(a)The Indiana department of transportation
shall notify a qualified county that makes a loan application of the
department's approval or disapproval of the application within sixty
(60)days of the date of application. The decision made by the
department to approve or disapprove a loan application is final.
(b)The Indiana department of transportation and each qualified
county for which a loan has been approved under this chapter shall
enter into a loan agreement which shall specify, as a minimum, the
purposes for which the loan is to be used and the terms of repayment
of the loan. The terms must be consistent with subsection (c).
(c)The maximum term of repayment of a loan made under this
section is ten (10) years. A loan that is repaid within the term of
repayment specified in the loan
Free access — add to your briefcase to read the full text and ask questions with AI
Indiana § 8-14-8-7 (Loan approval; agreement; terms; repayment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
Annual report§ 8-1-1-15
Implementing rules; duration§ 8-1-1-16
Commission to consider effect of governmental requirements upon
utility's operational expenses§ 8-1-1-4
Repealed§ 8-1-1-4.1
Payment of expenses§ 8-1-1-6
Repealed