5-28-21-18. Loan or loan guarantee time limits

IN Code § 5-28-21-18 (2019) (N/A)
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Sec. 18. A loan or loan guarantee under this chapter may not exceed the lesser of:

(1) ten (10) years; or

(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.

As added by P.L.4-2005, SEC.34.