{"data":{"id":"us-in/ic-20-42-1-10","jurisdiction":"us-in","citation":"IC 20-42-1-10","heading":"Loans; required interest rate","body":"Sec. 10. Subject to section 9 of this chapter, the:\n(1) principal belonging to a fund; and\n(2) accumulations to the principal of a fund held by a county;\nmust be loaned at four percent (4%) per annum. Loans made before June 1, 1943, with a rate of interest higher than four percent (4%) per annum must have an interest rate of four percent (4%) per annum.","path":["TITLE 20. EDUCATION","ARTICLE 42. FIDUCIARY FUNDS AND ACCOUNTS","Chapter 1. Administration of Common School Fund by County"],"source_url":"https://iga.in.gov/ic/2026/Title_20.html#20-42-1-10","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-01T01:34:30Z","sha256":"6ec44465139c1b762b1b1c8a5db7e557d397dccd3f67793a7737d328d8ea243b","source_id":"us-in","stale":false,"prev":"us-in/ic-20-42-1-9","next":"us-in/ic-20-42-1-11"},"notice":"GroundRules: Original legal text. Not legal advice."}