Sec. 19. Upon the issuance of a loan or a guarantee of a loan or lease, any expenses incurred by the corporation in connection with the loan or guarantee or the projects or operations for which the loan or guarantee is being made shall be reimbursed to the corporation by the borrower, in the case of a loan (to the extent not provided for under section 13 of this chapter), or by the borrower, lender, lessee, or lessor, in the case of a guarantee of a loan or lease, from the proceeds of the loan or the payments under the lease or otherwise.
As added by P.L.162-2007, SEC.25.
Structure Indiana Code
Title 5. State and Local Administration
Article 28. Indiana Economic Development Corporation
Chapter 30. Industrial Development Loan Guaranty Program
5-28-30-4. "High Growth Company With High Skilled Jobs"
5-28-30-5. "Industrial Development Project"
5-28-30-8. "Security Agreement"
5-28-30-9. Industrial Development Project Guaranty Fund
5-28-30-10. Power to Guarantee Loans and Leases
5-28-30-12. Power to Guarantee an Unsecured Loan
5-28-30-13. Premiums; Fees; Charges
5-28-30-16. Power to Allow Subordination
5-28-30-17. Power to Make Direct Loans
5-28-30-19. Expense; Reimbursement by Borrower
5-28-30-20. Transfer of Funds to the Capital Access Account
5-28-30-21. Exemption From Securities Registration Laws