§ 5-1.2-14-4 — Uses of money in water infrastructure assistance fund; grants, loans, and other financial assistance

Indiana § 5-1.2-14-4

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.2: INDIANA FINANCE AUTHORITY
• Ch. 14: Water Infrastructure Assistance Program

Text

(a) Money in the water infrastructure
assistance fund may be used to do the following:
(1) Provide grants, loans, and other financial assistance to or for
the benefit of participants for:
(A) the planning, designing, acquisition, construction,
renovation, improvement, or expansion of public water systems;
and
(B) other activities necessary or convenient to complete the
tasks referred to in clause (A) whether or not the other activities
are permitted by the federal Clean Water Act or the federal Safe
Drinking Water Act.
(2) Provide grants, loans, or other financial assistance to or for the
benefit of participants for:
(A) the planning, designing, acquisition, construction,
renovation, improvement, or expansion of wastewater or storm
water collection and treatment systems; and
(B) other activities necessary or convenient to complete the
tasks referred to in clause (A) whether or not the other activities
are permitted by the federal Clean Water Act or the federal Safe
Drinking Water Act.
(3) 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 septic
relief systems in accordance with guidelines of the authority.
(4) Provide grants to political subdivisions for tasks associated
with the development and preparation of:
(A) long term control plans;
(B) use attainability analyses; and
(C) storm water management programs.
(5) Undertake tasks associated with the development and
preparation of water, wastewater, and storm water infrastructure
and resource analyses.
(6) Conduct all other activities that are permitted by the federal
Clean Water Act or the federal Safe Drinking Water Act.
(b) The authority may make loans or provide other financial
assistance from the water infrastructure assistance fund to or for the
benefit of a participant to do any of 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 from sources
other than the fund (including financial institutions) for a purpose
permitted by this chapter.
(2) Provide interest subsidies.
(3) Pay financing charges, including interest on the loan or other
financial assistance:
(A) during design and construction of a water or wastewater
infrastructure project based upon a viable financial plan; and
(B) for a reasonable period after the completion of construction.

Legislative History

As added by P.L.189-2018, SEC.25. Amended by P.L.56-2019, SEC.3; P.L.18-2022, SEC.6.