(1) Amounts from the cumulative building fund.

(2) Accounts receivable.

(3) A security interest in capital equipment for which the proceeds of the loan is used.

(4) Other security, including the excess of unobligated revenues over operating expenses.

     (b) The term of a loan may not exceed thirty-five (35) years.

[Pre-1993 Recodification Citation: 16-12.1-4-7.]

As added by P.L.2-1993, SEC.5.