5-1.2-12-1. Request
Sec. 1. At the request of the department of environmental management, the authority shall carry out the program established under this chapter. As added by P.L.189-2018, SEC.25.
5-1.2-12-10. Guidelines
Sec. 10. The authority may adopt guidelines without complying with IC 4-22-2 to govern the administration of this chapter. As added by P.L.189-2018, SEC.25.
5-1.2-12-11. Leveraged Loan Program; Authorization
Sec. 11. (a) As an alternative to making loans or providing other financial assistance to private individuals or entities, nonprofit entities, or political subdivisions, the authority may use the money in the Indiana brownfields fund to provide a leveraged loan program and other financial assistance programs to or for the benefit of political subdivisions, including […]
5-1.2-12-12. Authorization to Issue, Guarantee, and Sell Obligations
Sec. 12. (a) Notwithstanding any other law and in addition to any other law, including this article, the authority may issue, guarantee, and sell its revenue bonds, notes, and other obligations and guarantee loans and other financial assistance in connection with the Indiana brownfields program and the Indiana brownfields fund. The revenue bonds, notes, and […]
5-1.2-12-13. Deposits of Money; Uses
Sec. 13. (a) The authority may deposit appropriations or other money received under this chapter (or IC 13-19-5, before its repeal) after June 30, 1999, into an account of the Indiana brownfields fund. The authority may use money deposited in the account to award financial assistance, including forgivable loans, to or for the benefit of […]
5-1.2-12-2. Indiana Brownfields Program; Establishment; Purposes
Sec. 2. The Indiana brownfields program is established to assist in the remediation of brownfields to encourage the rehabilitation, redevelopment, and reuse of real property by providing grants, loans, forgivable loans, awards of professional services, or other financial assistance to or for the benefit of political subdivisions to conduct any of the following activities: (1) […]
5-1.2-12-3. Indiana Brownfields Fund
Sec. 3. (a) The Indiana brownfields fund is established to provide money for grants, loans, and other financial assistance to or for the benefit of political subdivisions under this chapter. The authority shall administer, hold, and manage the Indiana brownfields fund. (b) Money in the fund at the end of a state fiscal year does […]
5-1.2-12-4. Duties and Powers
Sec. 4. (a) The authority shall do the following under this chapter: (1) Be responsible for the management of all aspects of the Indiana brownfields program. (2) Prepare and provide program information. (3) Negotiate the negotiable aspects of each financial assistance agreement. (4) Sign each financial assistance agreement. (5) Review each proposed project and financial […]
5-1.2-12-5. Additional Powers
Sec. 5. The authority may do the following: (1) Employ: (A) fiscal consultants; (B) environmental consultants; (C) engineers; (D) bond counsel; (E) other special counsel; (F) accountants; and (G) any other consultants, employees, and agents; that the authority considers necessary to carry out the purposes of this chapter. (2) Fix and pay the compensation of […]
5-1.2-12-6. Fees
Sec. 6. (a) The authority may provide services to a person (as defined in IC 13-11-2-158(a)) in connection with financial assistance, technical assistance, and liability clarification, and may assess and collect a fee for: (1) services provided to offset the costs of providing the services; and (2) costs and services incurred in the review or […]
5-1.2-12-7. Priority Ranking System
Sec. 7. The authority shall use a priority ranking system in making loans and providing other financial assistance under this chapter based on the following: (1) Socioeconomic distress in an area, as determined by the poverty level and unemployment rate in the area. (2) The technical evaluation under section 4(a)(8)(A), 4(a)(8)(B), and 4(a)(8)(C) of this […]
5-1.2-12-8. Loans or Other Financial Assistance; Uses; Interest Rates; Required Submissions; Sales; Pledges
Sec. 8. (a) A loan or other financial assistance must be used for at least one (1) of the purposes under section 2 of this chapter and may be used for any of the following purposes: (1) To: (A) establish guaranties, reserves, or sinking funds, including guaranties, reserves, or sinking funds to secure and pay, […]
5-1.2-12-9. Loans or Other Financial Assistance; Necessary Documents
Sec. 9. A loan or other financial assistance from the fund must be accompanied by the following: (1) All papers and opinions required by the authority. (2) Unless otherwise provided by the guidelines of the authority, the following: (A) An approving opinion of nationally recognized bond counsel. (B) A certification and guarantee of signatures. (C) […]