§ 5-1.2-16-3 — Categories

Indiana § 5-1.2-16-3

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.2: INDIANA FINANCE AUTHORITY
• Ch. 16: Bond Ceiling

Text

(a) The volume cap shall be allocated annually
among categories of bonds in accordance with section 4 of this chapter.
Those categories are as follows:
(1) Bonds issued by the authority.
(2) Bonds issued by the IHCDA.
(3) Bonds issued by the ISMEL.
(4) Bonds issued by local units or any other issuers not
specifically referred to in this section whose bonds are or may
become subject to the volume cap for projects described in:
(A) Division A - Agricultural, Forestry, and Fishing;
(B) Division B - Mining;
(C) Division C - Construction;
(D) Division D - Manufacturing;
(E) Division E - Transportation; and
(F) Division F - Wholesale Trade;
of the SIC Manual (or corresponding sector in the NAICS
Manual), and any projects described in Section 142(a)(3),
142(a)(4), 142(a)(5), 142(a)(6), 142(a)(8), 142(a)(9), or
142(a)(10) of the Internal Revenue Code.
(5) Bonds issued by local units or any other issuers not
specifically referred to in this section whose bonds are or may
become subject to the volume cap for projects described in:
(A) Division G - Retail Trade;
(B) Division H - Finance, Insurance, and Real Estate;
(C) Division I - Services;
(D) Division J - Public Administration; and
(E) Division K - Miscellaneous;
of the SIC Manual (or corresponding sector in the NAICS
Manual), and any projects described in Section 142(a)(7) or
144(c) of the Internal Revenue Code.
(b) For purposes of determining the SIC category of a facility, the
determination shall be based upon the type of activity engaged in by the
user of the facility within the facility in question, rather than upon the
ultimate enterprise in which the developer or user of the facility is
engaged.

Legislative History

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