Section 6-62-1202 - Loans(a) Under the Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education, the Division of Higher Education may authorize money to be loaned from the Sustainable Building Maintenance Program for State-Supported Institutions of Higher Education Revolving Loan Fund, § 19-5-1285, to a state-supported institution of higher education.(b) A loan from the fund made under subsection (a) of this section shall be:(1) For:(A) Deferred maintenance;(B) Critical maintenance; or(C) A renovation of state-owned property; and(2) In an amount that exceeds one hundred thousand dollars ($100,000).(c) The term for repayment of a loan from the fund made under subsection (a) of this section shall not exceed ten (10) years.Added by Act 2023, No. 751,§ 1, eff. 8/1/2023.