Indiana § 5-1.2-15-8 Loans or other financial assistance; uses; condition

Indiana Statutes

§ 5-1.2-15-8 — Loans or other financial assistance; uses; condition

Indiana § 5-1.2-15-8

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 15Local Transportation Infrastructure Program

This text of Indiana § 5-1.2-15-8 (Loans or other financial assistance; uses; condition) 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.

Bluebook

Ind. Code § 5-1.2-15-8 (2026).

Text

(a)A loan of proceeds of the authority's bonds or a loan or other financial assistance from a fund must be used by a participant to establish or improve highways, roads, streets, bridges, or any other public way, and public mass transportation systems.

(b)Financial assistance from the fund must be made in conjunction with the adoption of a resolution by a participant that sets forth the participant's commitment of revenues or other money or property to the local transportation infrastructure project for which the financial assistance is made.

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(a) A loan of proceeds of the authority's bonds
or a loan or other financial assistance from a fund must be used by a
participant to establish or improve highways, roads, streets, bridges, or
any other public way, and public mass transportation systems.
(b) Financial assistance from the fund must be made in conjunction
with the adoption of a resolution by a participant that sets forth the
participant's commitment of revenues or other money or property to the
local transportation infrastructure project for which the financial
assistance is made.