Extending credit to state agencies

Sec. 5. (a) A savings bank may extend credit to any state agency, with the approval of the department, notwithstanding any other provisions or limitations of IC 28-1. (b) An Indiana law: (1) prescribing the nature, amount, or form of security; (2) requiring security upon which loans or advances of credit may be made; (3) prescribing or limiting interest rates upon loans or advances of credit; or (4) prescribing or limiting the period for which loans or advances of credit may be made; does not apply to loans or advances of credit made under this section. As added by P.L.42-1993, SEC.72.