§ 5-1.2-13-9 — Interest rates

Indiana § 5-1.2-13-9

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.2: INDIANA FINANCE AUTHORITY
• Ch. 13: Flood Control Program

Text

(a) The authority shall establish the interest
rate or parameters for establishing the interest rate on each loan and
other financial assistance 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 and other financial
assistance, may take the following into account:
(1) Credit risk.
(2) Environmental enforcement and protection.
(3) Affordability.
(4) Other fiscal factors the authority considers relevant, including
the program's cost of flood control funds and whether the
financial assistance provided to a particular participant is taxable
or tax exempt under federal law.
Based on the factors set forth in subdivisions (1) through (4), more than
one (1) interest rate may be established and used for loans and other
financial assistance to different participants or for different loans and
other financial assistance to the same participants.

Legislative History

As added by P.L.189-2018, SEC.25.