Indiana § 5-1.2-14-9 Selling of loans

Indiana Statutes

§ 5-1.2-14-9 — Selling of loans

Indiana § 5-1.2-14-9

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 14Water Infrastructure Assistance Program

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Bluebook

Ind. Code § 5-1.2-14-9 (2026).

Text

(a)The authority may sell loans, evidences of other financial assistance, and other obligations evidencing the loans or other financial assistance from the water infrastructure assistance fund:

(1)periodically;

(2)at any price; and

(3)on terms acceptable to the authority.

(b)Proceeds of sales under subsection (a) shall be deposited in:

(1)the water infrastructure assistance fund;

(2)the wastewater revolving loan fund established by IC 5-1.2-10;

(3)the drinking water revolving loan fund established by IC 5-1.2-10; or

(4)the supplemental drinking water and wastewater assistance fund established by IC 5-1.2-11; at the direction of the authority.

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(a) The authority may sell loans, evidences of
other financial assistance, and other obligations evidencing the loans
or other financial assistance from the water infrastructure assistance
fund:
(1) periodically;
(2) at any price; and
(3) on terms acceptable to the authority.
(b) Proceeds of sales under subsection (a) shall be deposited in:
(1) the water infrastructure assistance fund;
(2) the wastewater revolving loan fund established by IC 5-1.2-10;
(3) the drinking water revolving loan fund established by IC 5-1.2-10; or
(4) the supplemental drinking water and wastewater assistance
fund established by IC 5-1.2-11;
at the direction of the authority.