(b) Before making a loan to a county or municipality, the corporation shall determine that there is reasonable assurance that the loan will be repaid. In making this determination, the corporation shall consider:(1) the financial condition of the business;(2) the financial feasibility of the expansion being undertaken by the business;(3) the adequacy of collateral for the loan; and(4) any other information that the corporation considers relevant to its determination.As added by P.L.4-2005, SEC.34.
Indiana Legal Code