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2024 Indiana Code
Title 5. State and Local Administration
Article 20. Housing
Chapter 4. Affordable Housing and Community Development Fund
5-20-4-10.1. Repayment of Loans; Procedures
Universal Citation:
IN Code § 5-20-4-10.1 (2024)
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Sec. 10.1. The authority and the board for depositories shall establish procedures to insure repayment of the loan principal at the end of the loan term. The procedures may include purchase of a zero coupon bond to insure the loan principal, a requirement that a percentage of the loans issued by the authority be made through a linked deposit program in certificates of deposit, or other procedures that the authority and the board for depositories may determine appropriate.
As added by P.L.27-1993, SEC.20. Amended by P.L.1-2006, SEC.116; P.L.181-2006, SEC.34; P.L.1-2007, SEC.34.
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