Indiana § 8-1-2.2-26 Government grants and loans

Indiana Statutes

§ 8-1-2.2-26 — Government grants and loans

Indiana § 8-1-2.2-26

Art. 1UTILITIES GENERALLY

Ch. 2.2Municipal Electric Utility Programs

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Bluebook

Ind. Code § 8-1-2.2-26 (2026).

Text

Government Grants and Loans. The governing body of any municipality or the joint agency is hereby authorized to make application and to enter into contracts for and to accept grants-in-aid and loans from the federal and state governments and their agencies for planning, acquiring, constructing, expanding, maintaining and operating any project or facility, or participating in any research or development program, or performing any function which such municipality or joint agency may be authorized by general or local law to provide or perform. In order to exercise the authority granted by this section, the governing board of any municipality or joint agency may:

(1)enter into and carry out contracts with the state or federal government or any agency or institution thereof under which such go

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Government Grants and Loans. The
governing body of any municipality or the joint agency is hereby
authorized to make application and to enter into contracts for and to
accept grants-in-aid and loans from the federal and state governments
and their agencies for planning, acquiring, constructing, expanding,
maintaining and operating any project or facility, or participating in any
research or development program, or performing any function which
such municipality or joint agency may be authorized by general or local
law to provide or perform.
In order to exercise the authority granted by this section, the
governing board of any municipality or joint agency may:
(1) enter into and carry out contracts with the state or federal
government or any agency or institution thereof under which such
government, agency or institution grants financial or other
assistance to the municipality or joint agency;
(2) accept such assistance or funds as may be granted or loaned
by the state or federal government with or without such a
contract;
(3) agree to and comply with any reasonable conditions which are
imposed upon such grants or loans; and
(4) make expenditures from any funds so granted.
As added by Acts 1980, P.L.68, SEC.1.