Sec. 8.2. (a) The authority shall establish a project prioritization system for the purposes of awarding loans and grants from the water infrastructure assistance fund. The project prioritization system must be based on a model that includes at least the following variables:
(1) The effect of a project on the environment and public health and safety.
(2) The effect upon the user rates and charges of participants.
(3) The existence of plans for collaboration with other entities.
(4) The existence of a plan to measure and manage non-revenue water.
(5) Whether an applicant is employing other best practices as determined by the authority.
(b) The authority shall use the results of the project prioritization system established under subsection (a) to create a project priority list, and shall use the project priority list in awarding grants, loans, and other financial assistance under this chapter. The authority may adjust the project priority list established under this section:
(1) if the authority determines that unforeseen circumstances require an adjustment; or
(2) in case of an emergency.
As added by P.L.56-2019, SEC.6. Amended by P.L.18-2022, SEC.8.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.2. Indiana Finance Authority
Chapter 14. Water Infrastructure Assistance Program
5-1.2-14-1.2. "Non-Revenue Water"
5-1.2-14-2. Water Infrastructure Assistance Program; Establishment
5-1.2-14-3. Water Infrastructure Assistance Fund
5-1.2-14-5. Guidelines; Interest Rate or Parameters
5-1.2-14-6. Grants, Loans, Other Financial Assistance; Conditions
5-1.2-14-7. Application; Required Submissions
5-1.2-14-8.2. Project Prioritization System for Awarding Loans and Grants; Variables to Be Included
5-1.2-14-8.4. Utilities Serving Less Than 3,200 Customers
5-1.2-14-8.6. Advisory Services in Connection With Loan
5-1.2-14-10. Pledging of Loans
5-1.2-14-12. Requirement to Maintain Sufficient User Charges
5-1.2-14-13. Alternative of Providing Leveraged Loan Program
5-1.2-14-14. Use of Money in Fund to Establish Leveraged Loan Program