§ 5-1.2-15-3 — Fund administration

Indiana § 5-1.2-15-3

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.2: INDIANA FINANCE AUTHORITY
• Ch. 15: Local Transportation Infrastructure Program

Text

(a) In administering a fund, the authority shall
do the following:
(1) Monitor applicable infrastructure finance needs and the
availability and cost of capital.
(2) Provide financial management of investment pools and
financial services associated with loans.
(3) Explore and evaluate capital financing techniques.
(4) Explore methods for the state to enhance the credit quality of
bond issues of participants at a minimum cost to the state.
(b) The Indiana department of transportation, the department of
environmental management, and any other appropriate state agency,
department, or instrumentality, in consultation with the authority, shall
advise participants on methods for financing infrastructure.
(c) The authority shall annually present a report to the budget
committee and the budget agency that describes the projects funded
under this chapter during the year.

Legislative History

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