Sec. 14. (a) The authority shall use a priority ranking system in making loans or other financial assistance from each fund.
(b) The authority, in consultation with other state agencies the authority determines to be appropriate, shall develop the priority ranking system to achieve optimum water quality consistent with federal primary drinking water regulations and health protection objectives of the federal Safe Drinking Water Act, the water quality goals of the state, and the federal Clean Water Act.
(c) The ranking system shall prioritize loans securing longer term benefits over shorter term projects, all other factors being equal.
As added by P.L.189-2018, SEC.25. Amended by P.L.120-2021, SEC.1.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.2. Indiana Finance Authority
Chapter 10. Wastewater and Drinking Water Revolving Loan Programs
5-1.2-10-8. Technical, Managerial, and Financial Capacity
5-1.2-10-9. Discretion of the Authority
5-1.2-10-10. Contracting; Authorization
5-1.2-10-12. Provision of Services
5-1.2-10-14. Priority Ranking System
5-1.2-10-15. Loans or Other Financial Assistance; Authorization
5-1.2-10-16. Loans or Other Financial Assistance; Required Asset Management Program and Reports
5-1.2-10-17. Financial Assistance Agreement
5-1.2-10-18. Sale or Pledging of Loans; Federal Restrictions
5-1.2-10-19. Pledging of Loans or Property
5-1.2-10-21. Sufficient User Charges