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2019 Indiana Code
Title 21. Higher Education
Article 7. State Universities
Chapter 14. Indiana University Permanent Endowment Fund
21-7-14-9. Loans from fund; security
Universal Citation: IN Code § 21-7-14-9 (2019)
IC 21-7-14-9 Loans from fund; security
Sec. 9. The auditor of state shall loan as much of the fund as is not at any time absorbed by the nonnegotiable bonds of the state issued under this chapter at six percent (6%) interest, payable annually in advance in real estate security. Except as otherwise provided in this chapter, in making loans and disbursing the interest collected, the treasurer of state and the auditor of state are governed by the law in force regulating the manner of making loans of the university funds and paying out interest collected.
[Pre-2007 Higher Education Recodification Citation: 21-7-3-4.]
As added by P.L.2-2007, SEC.244.
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