5-28-32-1. “Fund”

Sec. 1. As used in this chapter, “fund” refers to the business development loan fund. As added by P.L.162-2007, SEC.27.

5-28-32-2. Establishment; Purpose

Sec. 2. The business development loan fund is established. The fund shall be used by the corporation as a nonlapsing, revolving fund. As added by P.L.162-2007, SEC.27.

5-28-32-3. Sources of Money

Sec. 3. The fund consists of the following: (1) Money appropriated by the general assembly. (2) The repayment proceeds of loans made to businesses from the fund. (3) Money received from any other source. As added by P.L.162-2007, SEC.27.

5-28-32-4. Power to Make Loans

Sec. 4. Subject to section 5 of this chapter, the corporation may make a loan from the fund to a business located in Indiana if the corporation makes a written finding that the loan would accomplish the purposes of this chapter by enabling the business to carry out a project or projects that will do […]

5-28-32-5. Required Loan Agreement Terms

Sec. 5. With respect to any loan made under section 4 of this chapter, a loan agreement with the corporation must contain the following terms: (1) A requirement that the loan proceeds be used for specified purposes consistent with and in furtherance of the purposes of the corporation under this article. (2) The term of […]