Sec. 3. (a) The following funds are established: (1) The drinking water revolving loan fund (referred to in this chapter as the "drinking water SRF fund" or "fund"). (2) The wastewater revolving loan fund (referred to in this chapter as the "wastewater SRF fund" or "fund"). (b) The authority shall administer, hold, and manage each fund. (c) Except as provided in the federal Clean Water Act or the federal Safe Drinking Water Act, the cost of administering either fund or program may be paid from the appropriate fund or from other money. (d) All money accruing to each fund and money allotted to the state under federal law is appropriated continuously for the purposes specified in this chapter. (e) Money in the each fund does not revert to the state general fund at the end of a state fiscal year. As added by P.L.189-2018, SEC.25.
IC 5-1.2-10-4 Funds; purpose Sec. 4. Each fund is established to provide money for loans and other financial assistance under this chapter to or for the benefit of participants, including forgiveness of principal if allowed under federal law. As added by P.L.189-2018, SEC.25.