Ind. Code § 5-20-4-10.1

Current through P.L. 171-2024

Section 5-20-4-10.1 - Repayment of loans; procedures

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.

IC 5-20-4-10.1

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.