Sec. 11. The authority shall, if appropriate, require a participant receiving a loan or other financial assistance from the water infrastructure grant fund to establish under applicable law and maintain sufficient user charges or other charges, fees, taxes, special assessments, or revenues available to the participant to:
(1) operate and maintain its water system or wastewater collection and treatment system; and
(2) pay the obligations of its water system or wastewater collection and treatment system, including all debt service associated with financial assistance from the water infrastructure grant fund.
As added by P.L.154-2021, SEC.8.
Structure Indiana Code
Title 5. State and Local Administration
Article 1.2. Indiana Finance Authority
Chapter 14.5. Water Infrastructure Grant Program
5-1.2-14.5-1. "Non-Revenue Water"
5-1.2-14.5-2. Grant Program Established
5-1.2-14.5-3. Water Infrastructure Grant Fund
5-1.2-14.5-4. Uses of Money in Water Infrastructure Grant Fund
5-1.2-14.5-5. Allocation of Grants, Loans, and Other Financial Assistance; Uses; Conditions
5-1.2-14.5-6. Application for Grant, Loan, or Other Financial Assistance
5-1.2-14.5-8. Project Prioritization System for Awarding Loans and Grants; Variables to Be Included
5-1.2-14.5-9. Advisory Services in Connection With Grant, Loan, or Other Financial Assistance
5-1.2-14.5-11. Requirement to Maintain Sufficient User Charges