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§ 5-1-2-9-24 — Indiana Law | CourtGPT
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  6. Chapter 9 - Economic Development Projects5-1.2-9-1. Purposes of This Chapter/
  7. § 5-1-2-9-24
Indiana Legal Code

§ 5-1-2-9-24

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Before exercising any of the powers authorized in section 23 of this chapter, the authority shall require the lender to certify and agree that:(1) the loan is, or, if the loan has not been made, will be, at the time of making, in all respects a prudent investment; and(2) the lender will make the loan and sell the loan to the authority within a reasonable period of time.As added by P.L.189-2018, SEC.25.