Indiana Code
Chapter 2. County Administration of Congressional Township School Fund
20-42-2-10. Loans; Required Interest Rate

Sec. 10. The:
(1) principal belonging to the fund; and
(2) accumulations to the principal of a fund held by a county;
must be loaned at four percent (4%) per annum. Loans made before June 1, 1943, with a rate of interest higher than four percent (4%) per annum must have an interest rate of four percent (4%) per annum.
[Pre-2006 Recodification Citation: 21-1-7-1 part.]
As added by P.L.2-2006, SEC.165.

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