Indiana Code 5-28-21-18. Loan or loan guarantee time limits
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Sec. 18. A loan or loan guarantee under this chapter may not exceed the lesser of:
(2) the useful life of the property for which the loan is granted or guaranteed, as determined by the United States Department of the Treasury.
(1) ten (10) years; or
Terms Used In Indiana Code 5-28-21-18
- Property: includes personal and real property. See Indiana Code 1-1-4-5
- United States: includes the District of Columbia and the commonwealths, possessions, states in free association with the United States, and the territories. See Indiana Code 1-1-4-5
As added by P.L.4-2005, SEC.34.