Indiana Code 21-16-4-17. Dissolution of loan program
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Terms Used In Indiana Code 21-16-4-17
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 17. The loan program established by this chapter may not be dissolved until all guaranteed loans have been repaid by the borrower or, if in default, by the commission. Upon dissolution of the loan program, all the property and money of the program not owed to the federal government vests in the state general fund.
[Pre-2007 Higher Education Recodification Citation: 20-12-21.1-7.]
As added by P.L.2-2007, SEC.257.