Sec. 3. The geothermal conversion revolving fund is established for the purpose of making loans to school corporations that:

(1) install a geothermal heating and cooling system in a new facility; or

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Terms Used In Indiana Code 20-20-37.4-3

  • fund: refers to the geothermal conversion revolving fund established by section 3 of this chapter. See Indiana Code 20-20-37.4-1
  • geothermal heating and cooling system: means a heating and cooling system that uses the natural temperature of the earth to generate heating and cooling. See Indiana Code 20-20-37.4-2
(2) install a geothermal heating and cooling system that replaces a conventional heating and cooling system.

As added by P.L.99-2009, SEC.2.

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