Sec. 3. (a) There is created a public body corporate and politic of the state of Indiana to be known as the “Indiana housing and community development authority”. The authority shall consist of the following seven (7) members: (1) The lieutenant governor or the lieutenant governor’s designee. (2) The treasurer of state, or the treasurer […]
Sec. 3.5. Before the issuance of any bonds under this chapter: (1) the executive director of the authority; (2) each member of the authority; and (3) any other employee or agent of the authority authorized by resolution of the authority to handle funds or sign checks; shall execute a surety bond in the penal sum […]
Sec. 4. (a) The authority has all of the powers necessary or convenient to carry out and effectuate the purposes and provisions of this chapter, including the power: (1) to make or participate in the making of construction loans for multiple family residential housing under terms that are approved by the authority; (2) to make […]
As added by P.L.5-1996, SEC.7. Repealed by P.L.177-2011, SEC.5.
Sec. 4.5. (a) As used in this section, “special needs populations” includes the following: (1) Persons with physical or developmental disabilities. (2) Persons with mental impairments. (3) Single parent households. (4) Victims of domestic violence. (5) Abused children. (6) Persons with chemical addictions. (7) Homeless persons. (8) The elderly. (b) As used in this section, […]
As added by Acts 1978, P.L.28, SEC.1. Amended by P.L.39-1984, SEC.3. Repealed by P.L.145-2008, SEC.34.
As added by Acts 1978, P.L.28, SEC.1. Repealed by P.L.145-2008, SEC.34.
Sec. 7. (a) Obligations issued under the provisions of this chapter do not constitute a debt, liability, or obligation of the state of Indiana or a pledge of the faith and credit of the state of Indiana, but shall be payable solely from the revenues or assets of the authority. Under any circumstances, general fund […]
Sec. 8. (a) Subject to the approval of the public finance director appointed under IC 5-1.2-3-6, the authority is hereby authorized to issue bonds or notes, or a combination thereof, to carry out and effectuate its purposes and powers. The principal of, and the interest on, such bonds or notes shall be payable solely from […]
Sec. 9. Trust Agreement to Secure Authority Obligations. In the discretion of the authority, any obligations issued under the provisions of this chapter may be secured by a trust agreement by and between the authority and a corporate trustee, which may be any trust company or bank having the powers of a trust company within […]
