Sec. 5. Before making financial commitments described in this chapter with a federal agency, the board of directors must file a petition for approval of the proposed action in the circuit court, superior court, or probate court of the county in which the most land affected by the construction or improvements lies. The petition must state the following for the proposed loan:
(1) The purpose.
(2) The amount.
(3) The terms.
[Pre-1995 Recodification Citation: 13-2-29-1(b) part.]
As added by P.L.1-1995, SEC.20. Amended by P.L.84-2016, SEC.70.