The purchaser of any notes:(1) is not liable for any improper use of the proceeds; and(2) does not have to insure that the amount of the loan stays within the maximum limits specified in section 2 of this chapter as grant funds are received by the state educational institution.[Pre-2007 Higher Education Recodification Citation: 20-12-6-8.5(d).]As added by P.L.2-2007, SEC.275.
Indiana Legal Code