Indiana § 5-1.2-15-4 Powers

Indiana Statutes

§ 5-1.2-15-4 — Powers

Indiana § 5-1.2-15-4

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 15Local Transportation Infrastructure Program

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Bluebook

Ind. Code § 5-1.2-15-4 (2026).

Text

Subject to the written procedures developed by the authority under section 7 of this chapter, the authority may do the following:

(1)Accept money from any agency, department, or instrumentality of the United States, the state, or another state for deposit in a fund.

(2)Issue bonds and deposit proceeds in a fund.

(3)Loan money to a participant.

(4)Use the money in a fund:

(A)for debt financing;

(B)for grants;

(C)for loan guarantees;

(D)to manage leveraged loan programs for new construction of local transportation infrastructure projects through recapitalization of funds;

(E)to refinance and purchase participant debt;

(F)to guarantee participant loans;

(G)to make bond and debt service reserve insurance payments;

(H)to guarantee debt service reserve funds; and

(I)to provide other

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Subject to the written procedures developed
by the authority under section 7 of this chapter, the authority may do
the following:
(1) Accept money from any agency, department, or
instrumentality of the United States, the state, or another state for
deposit in a fund.
(2) Issue bonds and deposit proceeds in a fund.
(3) Loan money to a participant.
(4) Use the money in a fund:
(A) for debt financing;
(B) for grants;
(C) for loan guarantees;
(D) to manage leveraged loan programs for new construction of
local transportation infrastructure projects through
recapitalization of funds;
(E) to refinance and purchase participant debt;
(F) to guarantee participant loans;
(G) to make bond and debt service reserve insurance payments;
(H) to guarantee debt service reserve funds; and
(I) to provide other financial assistance;
to or for a participant.
(5) Deposit loan repayments by a participant in a fund.