Indiana Statutes
§ 8-14-8-7 — Loan approval; agreement; terms; repayment
Indiana § 8-14-8-7
This text of Indiana § 8-14-8-7 (Loan approval; agreement; terms; repayment) 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 § 8-14-8-7 (2026).
Text
(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
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Nearby Sections
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§ 8-1-1-11
Staff of commission§ 8-1-1-12
Repealed§ 8-1-1-13
Repealed§ 8-1-1-14
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RepealedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 8-14-8-7, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/8-14-8-7.