This text of Indiana § 5-1.2-14.5-7 (Asset management program, estimate of life cycle management costs,
reports, and other requirements for loan or grant recipients) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
(a)To receive a loan, grant, or other
financial assistance from the water infrastructure grant fund, a
participant:
(1)must demonstrate that it has developed or is in the process of
developing an asset management program, as defined in the
guidelines of the authority, in the case of a loan, grant, or other
financial assistance awarded before July 1, 2023;
(2)must:
(A)demonstrate that it has developed:
(i)an asset management program, as defined in the guidelines
of the authority; and
(ii)an estimate of the life cycle management costs, as defined
in the guidelines of the authority, that will be incurred over
the useful life of the asset to be financed with the loan, grant,
or other financial assistance;
not later than the time of submission of the participant's
preliminary engineering
Free access — add to your briefcase to read the full text and ask questions with AI
(a) To receive a loan, grant, or other
financial assistance from the water infrastructure grant fund, a
participant:
(1) must demonstrate that it has developed or is in the process of
developing an asset management program, as defined in the
guidelines of the authority, in the case of a loan, grant, or other
financial assistance awarded before July 1, 2023;
(2) must:
(A) demonstrate that it has developed:
(i) an asset management program, as defined in the guidelines
of the authority; and
(ii) an estimate of the life cycle management costs, as defined
in the guidelines of the authority, that will be incurred over
the useful life of the asset to be financed with the loan, grant,
or other financial assistance;
not later than the time of submission of the participant's
preliminary engineering report for any project for which the
loan, grant, or other financial assistance would be provided;
(B) report to the authority on an ongoing basis, at such times as
the authority shall prescribe, the actual life cycle management
costs incurred by the participant over the useful life of the asset;
and
(C) in the case of a participant that is not under the jurisdiction
of the Indiana utility regulatory commission, must regularly
report, at such times and in such manner as the authority shall
prescribe, to all:
(i) customers;
(ii) counties; and
(iii) municipalities;
within the participant's service territory such information
concerning the participant's asset management program and
utility asset life cycle management costs as the authority may
require;
in the case of a loan, grant, or other financial assistance awarded
after June 30, 2023; and
(3) must demonstrate to the authority that it has a plan to
participate with one (1) or more other participants in cooperative
activities, which may include using the proceeds of the loan or
grant to pay a part of the costs associated with a cooperative
activity.
(b) To receive a loan or grant from the water infrastructure grant
fund for purposes of cybersecurity, a participant must satisfy the same
requirements that are established under this chapter for loans or grants
for projects for other purposes.
(c) A participant receiving a grant, loan, or other financial assistance
from the water infrastructure grant fund shall enter into an agreement
with the authority. An agreement entered into under this section is a
valid, binding, and enforceable agreement of the participant.
(d) After receiving a loan or grant from the water infrastructure
grant fund, a participant must maintain its asset management program
during the useful life of the asset financed with the loan or grant.
(e) In addition to meeting the other requirements established under
this section, a participant must, if appropriate, conduct or participate in
efforts to determine and eliminate the causes of non-revenue water in
its water distribution system.
(f) Notwithstanding any other law, the authority may establish and
implement requirements that:
(1) apply to grants, loans, and other financial assistance to be
made to participants that are not political subdivisions; and
(2) are different from, or in addition to, requirements that apply
to grants, loans, and financial assistance made to political
subdivisions.