Indiana § 8-14-8-11 - Loan; application; approval; interest; agreement between unit and department; restrictions on funds
Full text of Indiana Indiana Code § 8-14-8-11 — Loan; application; approval; interest; agreement between unit and department; restrictions on funds, with citation guidance and answers to common questions.
§ 8-14-8-11. Loan; application; approval; interest; agreement between unit and department; restrictions on funds
Sec. 11. (a) A unit must make application for the loan to the Indiana department of transportation. The application must include, as a minimum:
(1) a map depicting all roads and streets in the system of the applicant; and
(2) a copy of that unit's proposed program of work covering the current and the immediately following calendar year.
(b) The Indiana department of transportation shall notify a unit that makes a loan application of the department's approval or disapproval of the application within sixty (60) days of the date of application. The decision made by the department to approve or disapprove is final.
(c) The loan is not subject to the payment of interest or penalty if repaid within two (2) years.
(d) The unit and the Indiana department of transportation shall enter into a written agreement stating the terms of the loan. The agreement must include a provision that the unit directs the state comptroller to withhold distributions from its allocations from the motor vehicle highway account if the loan is not repaid within two (2) years.
(e) Money from a loan made under this section may be used only for the purpose of matching federal aid highway funds.
As added by P.L.114-1983, SEC.5. Amended by P.L.18-1990, SEC.120; P.L.9-2024, SEC.293.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 8-14-8-11
What does Indiana Code § 8-14-8-11 cover?
Section 8-14-8-11 ("Loan; application; approval; interest; agreement between unit and department; restrictions on funds") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 8-14-8-11?
A common citation format is "Indiana Code § 8-14-8-11" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 8-14-8-11 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.