Indiana Code 5-1.2-15.5-16. Loan application; necessary documents

Sec. 16. (a) An application for a loan from the fund must be accompanied by all papers and opinions required by the authority.

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fund: refers to the residential housing infrastructure assistance revolving fund established by section 9 of this chapter. See Indiana Code 5-1.2-15.5-3
Litigation: A case, controversy, or lawsuit. Participants (plaintiffs and defendants) in lawsuits are called litigants.

(b) The authority may require that an application for a loan from the fund be accompanied by the following:

(1) A certification and guarantee of signatures.

(2) A certification that, as of the date of the loan, no litigation is pending challenging the validity of or entry into:

(A) the loan; or

(B) any security for the loan.

(3) Any other certifications, agreements, security, or requirements that the authority requests.

(4) An approving opinion of nationally recognized bond counsel.

As added by P.L.204-2023, SEC.5.