Indiana § 5-1.2-15.5-10 Allocation of loans

Indiana Statutes

§ 5-1.2-15.5-10 — Allocation of loans

Indiana § 5-1.2-15.5-10

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1.2INDIANA FINANCE AUTHORITY

Ch. 15.5Residential Housing Infrastructure Assistance

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Bluebook

Ind. Code § 5-1.2-15.5-10 (2026).

Text

Loans from the fund must be allocated and made available to participants as follows:

(1)Seventy percent (70%) of the money in the fund must be used for housing infrastructure benefitting political subdivisions with a population of less than fifty thousand (50,000).

(2)Thirty percent (30%) of the money in the fund must be used for housing infrastructure in all other political subdivisions not described in subdivision (1).

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Loans from the fund must be allocated
and made available to participants as follows:
(1) Seventy percent (70%) of the money in the fund must be used
for housing infrastructure benefitting political subdivisions with
a population of less than fifty thousand (50,000).
(2) Thirty percent (30%) of the money in the fund must be used
for housing infrastructure in all other political subdivisions not
described in subdivision (1).