Ind. Code § 5-1.2-7-6

Current through P.L. 171-2024

Section 5-1.2-7-6 - Security; transactions with participating providers

Before exercising any of the powers conferred by section 5 of this chapter, the authority may:

(1) require that the lease, installment purchase contract, or loan agreement involved be insured by a loan insurer, be guaranteed by a loan guarantor, or be secured by a letter of credit; and

(2) require any other type of security from the participating providers that the authority considers reasonable and necessary.

IC 5-1.2-7-6

Added by P.L. 189-2018,SEC. 25, eff. 7/1/2018.