Ind. Code § 5-13-4-5

Current through P.L. 171-2024

Section 5-13-4-5 - "Credit enhancement"

"Credit enhancement" means any letter of credit, insurance, guarantee, or other credit enhancement issued by an issuer approved by the board for depositories, which is used to secure debt or leasehold financing for an industrial development obligation.

IC 5-13-4-5

As added by P.L. 19-1987, SEC.6.