5-1.2-11-1. 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.
5-1.2-11-10. Loans or Other Financial Assistance; Necessary Documents
Sec. 10. 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) […]
5-1.2-11-11. Financial Assistance Agreement
Sec. 11. A participant receiving a grant, loan, or other financial assistance from the supplemental fund shall enter into a financial assistance agreement. A financial assistance agreement related to the supplemental program is a valid, binding, and enforceable agreement of the participant. As added by P.L.189-2018, SEC.25.
5-1.2-11-2. Supplemental Program; Establishment
Sec. 2. The supplemental drinking water and wastewater assistance program (referred to in this chapter as “supplemental program”) is established. As added by P.L.189-2018, SEC.25. Amended by P.L.10-2019, SEC.20.
5-1.2-11-3. Supplemental Fund
Sec. 3. (a) The supplemental drinking water and wastewater assistance fund (referred to in this chapter as “supplemental fund”) is established. (b) The authority shall administer, hold, and manage the supplemental fund. (c) The cost of administering the supplemental fund may be paid from money in the supplemental fund. (d) All money accruing to the […]
5-1.2-11-4. Money; Sources
Sec. 4. (a) The general assembly may appropriate money to the supplemental fund. (b) Grants or gifts of money to the supplemental fund and proceeds of the sale of: (1) gifts to the supplemental fund; and (2) loans and other financial assistance, as provided in this chapter; shall be deposited in the supplemental fund. (c) […]
5-1.2-11-5. Money; Investment
Sec. 5. (a) The authority shall invest the money in the supplemental fund in accordance with an investment policy adopted by the authority. Interest, premiums, gains, or other earnings from the investments shall be credited to and deposited in the supplemental fund. (b) As an alternative to subsection (a), the authority may invest or cause […]
5-1.2-11-6. Uses of Money in Supplemental Fund
Sec. 6. Money in the supplemental fund may be used to do the following: (1) Provide grants, loans, or other financial assistance to or for the benefit of participants for the planning, designing, acquisition, construction, renovation, improvement, or expansion of the following: (A) A public water system, whether or not those other activities are allowed […]
5-1.2-11-7. Grants, Loans, or Other Financial Assistance; Criteria
Sec. 7. The authority shall develop criteria to make or provide grants, loans, or other financial assistance from the supplemental fund. As added by P.L.189-2018, SEC.25.
5-1.2-11-8. Grants, Loans, or Other Financial Assistance; Terms and Conditions
Sec. 8. The authority must establish the terms and conditions that the authority considers necessary or convenient to make grants or loans or provide other financial assistance under this chapter. As added by P.L.189-2018, SEC.25.
5-1.2-11-9. Discretion of the Authority
Sec. 9. This chapter does not require the authority to provide a loan or other financial assistance to any participant to the extent the authority determines loan or financial assistance is not in the best interests of the supplemental program and the authority. As added by P.L.189-2018, SEC.25.