Sec. 8.5. (a) As used in this section, "department" refers to the department of commerce (before its abolition by P.L.4-2005) established by IC 4-4-3-2 (before its repeal).
(b) Notwithstanding any other law, all loans, loan agreements, or similar arrangements between the department and a qualified entity are legalized and declared valid if these loans, loan agreements, or similar arrangements have been delivered and the department has lent money pursuant to them before April 18, 1985. All proceedings had and actions taken under which these loans, loan agreements, or similar arrangements were undertaken are fully legalized and declared valid.
As added by P.L.220-2011, SEC.107.
Structure Indiana Code
Title 5. State and Local Administration
Article 28. Indiana Economic Development Corporation
Chapter 9. Industrial Development Program and Fund
5-28-9-3. "Industrial Development Program"
5-28-9-4. "Information and High Technology Infrastructure"
5-28-9-5. "Minority Enterprise Small Business Investment Company"
5-28-9-7. "Small Business Investment Company"
5-28-9-9. Fund Established; Purpose; Administration
5-28-9-10. Loans for Approved Programs; Amount Restriction; Limitations
5-28-9-11. Industrial Development Programs
5-28-9-12. Loans to Qualified Entities; Conditions
5-28-9-13. Participation in Program or Project by Entity; Share of Cost
5-28-9-14. Priority Rating of Applicant for Loan
5-28-9-15. Loans; Restrictions; Ordinance Requirement
5-28-9-16. Revenue to Pay Annual Loan Installment and Interest; Levy of Tax
5-28-9-17. Failure to Repay Money Lent; Action to Recover
5-28-9-20. Loan With Simultaneous or Successive Sale of Note or Other Obligation; Legal Investments