5-1.2-14-4. Uses of Money in Water Infrastructure Assistance Fund; Grants, Loans, and Other Financial Assistance
Sec. 4. (a) Money in the water infrastructure assistance fund may be used to do the following: (1) Provide grants, loans, and other financial assistance to or for the benefit of participants for: (A) the planning, designing, acquisition, construction, renovation, improvement, or expansion of public water systems; and (B) other activities necessary or convenient to […]
5-1.2-14-5. Guidelines; Interest Rate or Parameters
Sec. 5. (a) The authority shall adopt guidelines to establish criteria for the making of grants, loans, and other financial assistance from the water infrastructure assistance fund. (b) The authority shall establish: (1) the interest rate; or (2) parameters for establishing the interest rate; on each loan made from the water infrastructure assistance fund, including […]
5-1.2-14-6. Grants, Loans, Other Financial Assistance; Conditions
Sec. 6. (a) The making of grants and loans and the providing of other financial assistance from the water infrastructure assistance fund to or for the benefit of participants under this chapter are subject to the following conditions: (1) A grant, loan, or other financial assistance may be used: (A) for: (i) the planning, designing, […]
5-1.2-14-7. Application; Required Submissions
Sec. 7. (a) An application for a grant, loan, or other financial assistance from the water infrastructure assistance fund must be accompanied by all papers and opinions required by the authority. (b) The authority may require that an application for a loan or other financial assistance from the water infrastructure assistance fund be accompanied by […]
5-1.2-14-8. Asset Management Program, Estimate of Life Cycle Management Costs, Reports, and Other Requirements for Loan or Grant Recipients
Sec. 8. (a) To receive a loan, grant, or other financial assistance from the water infrastructure assistance fund, a participant: (1) must demonstrate that it has developed or is in the process of developing an asset management program, as defined in the guidelines of the authority, in the case of a loan, grant, or other […]
5-1.2-14-8.2. Project Prioritization System for Awarding Loans and Grants; Variables to Be Included
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 […]
5-1.2-14-8.4. Utilities Serving Less Than 3,200 Customers
Sec. 8.4. The authority shall set aside forty percent (40%) of the water infrastructure assistance fund for purposes of providing grants, loans, and other financial assistance to or for the benefit of utilities serving less than three thousand two hundred (3,200) customers. As added by P.L.56-2019, SEC.7.
5-1.2-14-8.6. Advisory Services in Connection With Loan
Sec. 8.6. The authority may provide services to a participant in connection with a loan or other financial assistance from the water infrastructure assistance fund, including advisory services and other services. As added by P.L.56-2019, SEC.8.
5-1.2-14-9. Selling of Loans
Sec. 9. (a) The authority may sell loans, evidences of other financial assistance, and other obligations evidencing the loans or other financial assistance from the water infrastructure assistance fund: (1) periodically; (2) at any price; and (3) on terms acceptable to the authority. (b) Proceeds of sales under subsection (a) shall be deposited in: (1) […]
5-1.2-14-10. Pledging of Loans
Sec. 10. (a) The authority may pledge loans, evidences of other financial assistance, and other obligations evidencing the loans or other financial assistance from the water infrastructure assistance fund to secure other loans or financial assistance from: (1) the water infrastructure assistance fund; (2) the wastewater revolving loan fund established by IC 5-1.2-10; (3) the […]