Sec. 32. (a) Notwithstanding any other law, the authority, program, or program related fund, or any person or agent acting on behalf of the authority, the program, or the program related fund, is not liable in damages or otherwise to any participant or party seeking to be a participant for any act or omission in connection with a loan or other financial assistance, or any application, service, or other undertaking, allowed by or taken under this article applicable to any program or any related fund or under any financial assistance agreement or related agreement or understanding.
(b) No direction given by or service or other undertaking allowed or taken under this article applicable to any program or related fund or under any financial assistance agreement or related agreement or understanding by the authority is a defense for or otherwise excuses any act or omission of a participant otherwise required or imposed by law upon a participant under any chapter applicable to any program or related fund or under any financial assistance agreement or related agreement or understanding.
As added by P.L.189-2018, SEC.25. Amended by P.L.10-2019, SEC.15.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.2. Indiana Finance Authority
Chapter 4. General Powers and Duties
5-1.2-4-1. Powers of Indiana Finance Authority
5-1.2-4-2. Prohibited Activities
5-1.2-4-3. Issuance of Bonds or Notes; Failure to Pay Obligations
5-1.2-4-5. Requirements; Establishment of Terms Governing Reserves or Funding Levels
5-1.2-4-6. Power to Borrow Money and Issue Bonds
5-1.2-4-7. Bonds; Liability of Authority; Pledges as Additional Security
5-1.2-4-8. Bonds; Liability of State
5-1.2-4-9. Bonds; Issuance; Procedure; Terms
5-1.2-4-10. Bonds; Authorized Provisions
5-1.2-4-11. Bonds; Issue to Renew or Pay Bonds; Refund
5-1.2-4-13. Bonds; Purchase by Authority
5-1.2-4-14. Bonds; Trust Agreement or Indenture
5-1.2-4-15. Bonds; Negotiability
5-1.2-4-16. Bonds; Execution; Manual or Facsimile Signatures
5-1.2-4-17. Personal Liability for Acts Authorized by Affected Statutes
5-1.2-4-18. Funds and Accounts; Establishment
5-1.2-4-19. Money; Deposit; Security; Trust Funds
5-1.2-4-20. Money for the Payment of Bonds; Contracts; Security
5-1.2-4-21. Bonds; Pledge of State
5-1.2-4-22. Bonds; Exempt From State Taxes
5-1.2-4-23. Bonds; Legal Investments; Securities
5-1.2-4-24. Application of State Laws
5-1.2-4-25. Bonds; Exempt for Securities Registration
5-1.2-4-26. Bond Holders; Right to Specific Performance
5-1.2-4-27. Payment of Expenses and Power to Incur Indebtedness; Limitations; Authority Budget
5-1.2-4-28. Property; Tax Exemption
5-1.2-4-30. Participants May Invest Funds
5-1.2-4-33. Financial Assistance Agreement; Default by the Participant
5-1.2-4-34. Violations; Material Misstatement in Application
5-1.2-4-36. State Debt Management Plan; Established by the Authority