1. (a) The commission may borrow money from the public deposits insurance fund, a bank, an insurance company, an investment company, or any other person.
2. (b) The commission may negotiate the terms of a loan contract. The contract must provide for repayment of the money in not more than forty (40) years.
3. (c) The loan contract must provide that the loan may be prepaid.
4. (d) The loan contract must plainly state that it is not an indebtedness of the state but constitutes a corporate obligation solely of the commission and is payable solely from revenues of the commission from the use and occupancy agreement, the proceeds of future loan contracts or bonds, or any appropriations from the state that might be made to the commission for that purpose.

As added by P.L.27-1985, SEC.11. Amended by P.L.15-1986, SEC.3.