Sec. 15. (a) The authority may make loans or provide other financial assistance from each fund to or for the benefit of a participant for the following:
(1) Establish guaranties, reserves, or sinking funds, including guaranties, reserves, or sinking funds to secure and pay, in whole or in part, loans or other financial assistance made from sources other than the wastewater SRF fund or drinking water SRF fund (including financial institutions) for a purpose permitted by this chapter.
(2) Provide interest subsidies.
(3) Pay financing charges, including interest on the loan or other financial assistance during construction and for a reasonable period after the completion of construction.
(b) The authority shall establish the terms and conditions that the authority considers necessary or convenient to:
(1) make loans; or
(2) provide other financial assistance under this chapter.
(c) Notwithstanding any other law, the authority may establish and implement requirements that:
(1) apply to loans and other financial assistance to be made to participants that are not political subdivisions; and
(2) are different from, or in addition to, requirements that apply to loans and financial assistance made to political subdivisions.
As added by P.L.189-2018, SEC.25.
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