Sec. 8. (a) The authority shall use a priority ranking system in making loans or providing other financial assistance from the flood control fund. The authority, in consultation with other state agencies the authority determines to be appropriate, shall develop the priority ranking system to achieve the purposes of this chapter.
(b) If an emergency demands immediate relief from actual or threatened flood damage, the application made by a participant for a loan or financial assistance may be considered regardless of a previous priority rating ascribed to the applicant.
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 13. Flood Control Program
5-1.2-13-2. Flood Control Program and Fund; Establishment
5-1.2-13-3. Loans and Financial Assistance; Procedures
5-1.2-13-4. Loans and Financial Assistance; Use of Money
5-1.2-13-5. Loans and Financial Assistance; Conditions
5-1.2-13-6. Application; Financial Assistance Agreement; Assurances
5-1.2-13-8. Priority Ranking System
5-1.2-13-10. Financial Assistance Agreement
5-1.2-13-11. Loan or Other Financial Assistance; Required Documents