Indiana § 5-1.2-10-7 Money; uses

Indiana Statutes

§ 5-1.2-10-7 — Money; uses

Indiana § 5-1.2-10-7

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 10Wastewater and Drinking Water Revolving Loan

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Bluebook

Ind. Code § 5-1.2-10-7 (2026).

Text

(a)Money in the wastewater SRF fund may be used for wastewater collection and treatment systems.

(b)Money in the drinking water SRF fund may be used for public water systems that will facilitate compliance with national primary drinking water regulations applicable to public water systems under the federal Safe Drinking Water Act or otherwise significantly further the health protection objectives of the federal Safe Drinking Water Act.

(c)Money in each fund may be used to do the following:

(1)Provide loans or other financial assistance to participants for:

(A)the planning;

(B)the designing;

(C)the construction;

(D)the renovation;

(E)the improvement;

(F)the expansion; or

(G)any combination of the activities described in clauses (A) through (F); for the purposes described in subse

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(a) Money in the wastewater SRF fund may be
used for wastewater collection and treatment systems.
(b) Money in the drinking water SRF fund may be used for public
water systems that will facilitate compliance with national primary
drinking water regulations applicable to public water systems under the
federal Safe Drinking Water Act or otherwise significantly further the
health protection objectives of the federal Safe Drinking Water Act.
(c) Money in each fund may be used to do the following:
(1) Provide loans or other financial assistance to participants for:
(A) the planning;
(B) the designing;
(C) the construction;
(D) the renovation;
(E) the improvement;
(F) the expansion; or
(G) any combination of the activities described in clauses (A)
through (F);
for the purposes described in subsections (a) and (b), including
other activities necessary or convenient to complete these tasks.
(2) Pay the cost of administering each fund and program.
(3) Carry out any purpose eligible for assistance under the federal
Clean Water Act or the federal Safe Drinking Water Act.
(4) Conduct all other activities that are allowed by the federal
Clean Water Act or the federal Safe Drinking Water Act.