Sec. 12. From the fund, the corporation shall:
(1) guarantee loans made by approved lenders upon conditions prescribed under this chapter to small or minority businesses to assist them in the operation or expansion of their businesses; and
(2) make loans upon conditions prescribed under this chapter to small or minority businesses for the purpose of assisting them in the operation and expansion of their businesses.
As added by P.L.4-2005, SEC.34.
Structure Indiana Code
Title 5. State and Local Administration
Article 28. Indiana Economic Development Corporation
Chapter 20. Small and Minority Business Financial Assistance Program
5-28-20-4. "Minority Business"
5-28-20-6. "Owned and Controlled"
5-28-20-9. Program Established; Purpose
5-28-20-10. Duties of Corporation
5-28-20-11. Obligation of Program Not a Debt of State; Loans From Fund Not Lending of State Credit
5-28-20-12. Loans and Loan Guarantees; Conditions