{"data":{"id":"us-in/ic-16-22-5-17","jurisdiction":"us-in","citation":"IC 16-22-5-17","heading":"Loans","body":"Sec. 17. (a) The governing board may borrow money and may secure the borrowing by a pledge of the following:\n(1) Amounts from the cumulative building fund.\n(2) Accounts receivable.\n(3) A security interest in capital equipment for which the proceeds of the loan is used.\n(4) Other security, including the excess of unobligated revenues over operating expenses.\n(b) The term of a loan may not exceed thirty-five (35) years.","path":["TITLE 16. HEALTH","ARTICLE 22. COUNTY HOSPITALS","Chapter 5. Financing Hospital Buildings"],"source_url":"https://iga.in.gov/ic/2026/Title_16.html#16-22-5-17","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-11T20:02:18Z","sha256":"d2341f24d4356517f68f9b16ed6ec85798619efdc2e6ce941a812efece9a406b","source_id":"us-in","stale":false,"prev":"us-in/ic-16-22-5-16","next":"us-in/ic-16-22-5-18"},"notice":"GroundRules: Original legal text. Not legal advice."}