Title 5, TITLE 5. STATE AND LOCAL ADMINISTRATION
355 chapters · 3,747 sections in this title.
Ind. Code § 5-28-32-1 "Fund"
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Sec. 1. As used in this chapter, "fund" refers to the business development loan fund. As added by P.L.162-2007, SEC.27.
Ind. Code § 5-28-32-2 Establishment; purpose
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Sec. 2. The business development loan fund is established. The fund shall be used by the corporation as a nonlapsing, revolving fund. As added by P.L.162-2007, SEC.27.
Ind. Code § 5-28-32-3 Sources of money
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Sec. 3. The fund consists of the following: (1) Money appropriated by the general assembly. (2) The repayment proceeds of loans made to businesses from the fund. (3) Money received from any other source. As added by P.L.162-2007, SEC.27.
Ind. Code § 5-28-32-4 Power to make loans
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Sec. 4. Subject to section 5 of this chapter, the corporation may make a loan from the fund to a business located in Indiana if the corporation makes a written finding that the loan would accomplish the purposes of this chapter by enabling the business to carry out a project or p…
Ind. Code § 5-28-32-5 Required loan agreement terms
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Sec. 5. With respect to any loan made under section 4 of this chapter, a loan agreement with the corporation must contain the following terms: (1) A requirement that the loan proceeds be used for specified purposes consistent with and in furtherance of the purposes of the corpora…