5-1.2-15-15. Compensation
Sec. 15. The authority may fix and pay the compensation of persons employed for purposes of this chapter from money: (1) available in a fund; or (2) otherwise made available for the program. As added by P.L.189-2018, SEC.25.
5-1.2-15-16. Fees
Sec. 16. A participant may pay fees charged by the authority to carry out this chapter. As added by P.L.189-2018, SEC.25.
5-1.2-16-1. Purpose
Sec. 1. The purpose of this chapter is to allocate the volume cap under Section 146 of the Internal Revenue Code. As added by P.L.189-2018, SEC.25.
5-1.2-16-2. Alternative Allocation Formula
Sec. 2. (a) The allocation formula established by Section 146(b) and Section 146(c) of the Internal Revenue Code for the volume cap established for Indiana is supplanted under the authority granted by Section 146(e) of the Internal Revenue Code. (b) All amounts of the volume cap are annually allocated to the state. Thereafter all amounts […]
5-1.2-16-3. Categories
Sec. 3. (a) The volume cap shall be allocated annually among categories of bonds in accordance with section 4 of this chapter. Those categories are as follows: (1) Bonds issued by the authority. (2) Bonds issued by the IHCDA. (3) Bonds issued by the ISMEL. (4) Bonds issued by local units or any other issuers […]
5-1.2-16-4. Annual Allocation
Sec. 4. (a) On or before January 1 of each year, the authority shall determine the dollar amount of the volume cap for that year. (b) Each year the volume cap shall be allocated among the categories specified in section 3 of this chapter as follows: Percentage of Type of Bonds Volume Cap Bonds issued […]
5-1.2-16-5. Special Volume Cap
Sec. 5. The authority shall determine the allocation of any special volume cap in accordance with the federal act authorizing the special volume cap. As added by P.L.189-2018, SEC.25.
5-1.2-16-6. Year End; Unused Amounts
Sec. 6. (a) At 5 p.m. on December 20 of each year, all categories established by section 3 of this chapter are eliminated and any remaining amounts in those categories shall be placed in a single noncategorized state pool. (b) After 5 p.m. on December 20 of each year, applications for a grant of volume […]
5-1.2-16-7. Forms; Guidelines
Sec. 7. (a) Notwithstanding IC 5-15-5.1, the authority has the sole authority to prescribe and furnish forms used in the administration of this chapter. (b) The authority may adopt guidelines, without complying with IC 4-22-2, to govern the administration of this chapter. The guidelines may establish procedures, criteria, and conditions for each category of bonds […]
5-1.2-16-8. Application Requirements
Sec. 8. To qualify for a grant of volume cap, an applicant must do the following: (1) Apply for the grant in conformity with the procedures established by the authority. (2) Provide the information reasonably requested by the authority to carry out this chapter. (3) Meet the criteria established by the authority for the category […]