{"data":{"id":"us-in/ic-5-1.2-8-24","jurisdiction":"us-in","citation":"IC 5-1.2-8-24","heading":"Mortgages","body":"Sec. 24. If an educational facility is financed and mortgaged under sections 22 and 23 of this chapter:\n(1) the title to the facility must remain in the nonprofit college or university owning the facility, subject to the lien of the mortgage securing the promissory notes then being purchased; and\n(2) there may not be a lease of the facility between the authority and the institution.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1.2. INDIANA FINANCE AUTHORITY","Chapter 8. Educational Facility Financing"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1.2-8-24","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"efbbd73eaabda8c1ced2372b3e67948767d771cbbab83641346d60d96bed617f","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1.2-8-23","next":"us-in/ic-5-1.2-8-25"},"notice":"GroundRules: Original legal text. Not legal advice."}