Indiana Statutes

§ 8-21-11-11 — Default on loan repayments; withholding of state funds payable to recipient

Indiana·Art. 21 AERONAUTICS·Ch. 11 Airport Development Program
If a loan recipient fails to make any repayments of a loan, the state comptroller shall withhold the repayment amount from any other money payable by the state to the recipient. The amount withheld shall be transferred to the loan fund to the credit of the recipient.

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Indiana § 8-21-11-11 (Default on loan repayments; withholding of state funds payable to recipient) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

As added by P.L.34-1990, SEC.2. Amended by P.L.9-2024, SEC.301.

Nearby Sections

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