5-1.2-10-1. Request
Sec. 1. At the request of the department of environmental management, the authority shall carry out the programs established under this chapter. As added by P.L.189-2018, SEC.25.
5-1.2-10-10. Contracting; Authorization
Sec. 10. The authority may contract with the department of environmental management or any other entity or person for assistance in administering the wastewater or drinking water program and the wastewater SRF fund or drinking water SRF fund and in carrying out the purposes of this chapter. As added by P.L.189-2018, SEC.25.
5-1.2-10-11. Duties
Sec. 11. For the purposes of this chapter, the authority shall do the following: (1) Administer, hold, and manage all aspects of each fund and the wastewater or drinking water program, and any related fund or account the authority creates under this chapter. (2) Be the point of contact in relations with the United States […]
5-1.2-10-12. Provision of Services
Sec. 12. The authority may provide services to a participant in connection with a loan or other financial assistance, including advisory and other services. As added by P.L.189-2018, SEC.25.
5-1.2-10-13. Fees
Sec. 13. (a) In connection with the wastewater or drinking water program, the authority may: (1) charge a fee for services provided; (2) charge a fee for costs and services incurred in the review or consideration of an application for a proposed loan or other financial assistance to or for the benefit of a participant […]
5-1.2-10-14. Priority Ranking System
Sec. 14. (a) The authority shall use a priority ranking system in making loans or other financial assistance from each fund. (b) The authority, in consultation with other state agencies the authority determines to be appropriate, shall develop the priority ranking system to achieve optimum water quality consistent with federal primary drinking water regulations and […]
5-1.2-10-15. Loans or Other Financial Assistance; Authorization
Sec. 15. (a) The authority may make loans or provide other financial assistance from each fund to or for the benefit of a participant for the following: (1) Establish guaranties, reserves, or sinking funds, including guaranties, reserves, or sinking funds to secure and pay, in whole or in part, loans or other financial assistance made […]
5-1.2-10-16. Loans or Other Financial Assistance; Required Asset Management Program and Reports
Sec. 16. (a) A loan or other financial assistance from either 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. […]
5-1.2-10-17. Financial Assistance Agreement
Sec. 17. A participant receiving a loan or other financial assistance from the wastewater SRF fund or drinking water SRF fund shall enter into a financial assistance agreement. A financial assistance agreement related to the wastewater or drinking water program is a valid, binding, and enforceable agreement of the participant. As added by P.L.189-2018, SEC.25.
5-1.2-10-18. Sale or Pledging of Loans; Federal Restrictions
Sec. 18. The authority may sell or pledge loans or evidence of other financial assistance and other obligations of participants to the extent allowed by the federal Clean Water Act or the federal Safe Drinking Water Act. As added by P.L.189-2018, SEC.25.
5-1.2-10-19. Pledging of Loans or Property
Sec. 19. (a) The authority may pledge loans or evidence of other financial assistance and other obligations of participants evidencing the loans or other financial assistance from the wastewater SRF fund or drinking water SRF fund to secure: (1) other loans or financial assistance from the wastewater SRF fund or drinking water SRF fund to […]
5-1.2-10-2. Programs
Sec. 2. The following programs are established: (1) The wastewater revolving loan program. (2) The drinking water revolving loan program. As added by P.L.189-2018, SEC.25.
5-1.2-10-20. Interest Rates
Sec. 20. (a) The authority shall establish the interest rate or parameters for establishing the interest rate on each loan made under this chapter, including parameters for establishing the amount of interest subsidies. (b) The authority, in setting the interest rate or parameters for establishing the interest rate on each loan, may take into account […]
5-1.2-10-21. Sufficient User Charges
Sec. 21. The authority shall require a participant receiving a loan or other financial assistance under this chapter 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 the public water or wastewater collection and treatment system; […]
5-1.2-10-22. Guidelines
Sec. 22. 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.
5-1.2-10-23. Leveraged Loan Program; Authorization
Sec. 23. (a) As an alternative to making loans or providing other financial assistance to participants, the authority may use the money in either fund to provide a leveraged loan program and other financial assistance programs allowed by the federal Clean Water Act or the federal Safe Drinking Water Act to or for the benefit […]
5-1.2-10-24. Leveraged Loan Program; Authorization
Sec. 24. Notwithstanding any other law, and to the extent allowed by the federal Clean Water Act or the federal Safe Drinking Water Act, money in the wastewater SRF fund or drinking water SRF fund, together with loan repayments to be deposited in the wastewater SRF fund or drinking water SRF fund, may be used […]
5-1.2-10-3. Funds
Sec. 3. (a) The following funds are established: (1) The drinking water revolving loan fund (referred to in this chapter as the “drinking water SRF fund” or “fund”). (2) The wastewater revolving loan fund (referred to in this chapter as the “wastewater SRF fund” or “fund”). (b) The authority shall administer, hold, and manage each […]
5-1.2-10-4. Funds; Purpose
Sec. 4. Each fund is established to provide money for loans and other financial assistance under this chapter to or for the benefit of participants, including forgiveness of principal if allowed under federal law. As added by P.L.189-2018, SEC.25.
5-1.2-10-5. Money; Sources
Sec. 5. (a) The general assembly may appropriate money to either fund. (b) Grants or gifts of money to either fund from the federal government or other sources and the proceeds of the sale of: (1) gifts to either fund; and (2) loans and other financial assistance, as provided in sections 11 through 15 of […]