Sec. 12. The principal of and the interest on bonds and notes issued by the corporation under this chapter are exempt from taxation of every kind by the state and by the municipalities and other political subdivisions of the state.
[Pre-2007 Higher Education Recodification Citation: 20-12-21.2-5.]
As added by P.L.2-2007, SEC.257. Amended by P.L.79-2017, SEC.69.
Structure Indiana Code
Article 16. Earn Indiana Program; Student Loans; Legal Capacity to Contract for Student Loans
Chapter 5. Secondary Market for Guaranteed Student Loans
21-16-5-1. Secondary Market for Guaranteed Student Loans; Establishment of Corporation
21-16-5-2. Public Hearing; Notice
21-16-5-3. Powers of Corporation; Articles of Incorporation
21-16-5-4. Annual Report; Annual Public Hearing
21-16-5-5. Changes in Directors and Bylaws
21-16-5-7. Board of Directors; Executive Session
21-16-5-9. Benefits of Guaranty
21-16-5-10. Grants; Approval by the Budget Agency
21-16-5-12. Tax Exemption for Principal and Interest
21-16-5-13. Investment of Funds
21-16-5-14. Termination of the Designation
21-16-5-15. Immunity for Officers and Directors