Title 5, TITLE 5. STATE AND LOCAL ADMINISTRATION
355 chapters · 3,747 sections in this title.
Ind. Code § 5-1.2-15.5-1 Implementation
0.1K chars
Sec. 1. The authority shall carry out the program established under this chapter. As added by P.L.204-2023, SEC.5.
Ind. Code § 5-1.2-15.5-10 Allocation of loans
0.5K chars
Sec. 10. 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 in municipalities with a population of less than fifty thousand (50,000). (2) Thirty percent (3…
Ind. Code § 5-1.2-15.5-11 Investment of money
0.9K chars
Sec. 11. (a) The authority shall invest the money in the fund in accordance with an investment policy adopted by the authority. Interest, premiums, gains, or other earnings from the investments shall be credited to and deposited in the fund. (b) As an alternative to subsection (a…
Ind. Code § 5-1.2-15.5-12 Discretion of authority
0.2K chars
Sec. 12. This chapter does not require the authority to provide a loan to any participant to the extent the authority determines the loan is not in the best interests of the program and the authority. As added by P.L.204-2023, SEC.5.
Ind. Code § 5-1.2-15.5-13 Duties
0.9K chars
Sec. 13. The authority shall do the following under this chapter: (1) Manage the program. (2) Prepare and provide program information to participants. (3) Negotiate the negotiable aspects of each financial assistance agreement. (4) Prepare or cause to be prepared each financial a…
Ind. Code § 5-1.2-15.5-14 Priority ranking system for awarding loans; criteria
1.8K chars
Sec. 14. (a) The authority shall develop and use a priority ranking system in making loans from the fund. (b) The ranking system must prioritize making loans for eligible projects to participants that: (1) have: (A) invested in a housing study within the last five (5) years; (B) …
Ind. Code § 5-1.2-15.5-15 Loan terms and conditions
0.2K chars
Sec. 15. The authority shall establish the terms and conditions that the authority considers necessary or convenient to make loans under this chapter. As added by P.L.204-2023, SEC.5.
Ind. Code § 5-1.2-15.5-16 Loan application; necessary documents
1.0K chars
Sec. 16. (a) An application for a loan from the fund must be accompanied by all papers and opinions required by the authority. (b) The authority may require that an application for a loan from the fund be accompanied by the following: (1) A certification and guarantee of signatur…
Ind. Code § 5-1.2-15.5-18 Pledging of loans
1.3K chars
Sec. 18. (a) The authority may pledge loans and other obligations of participants evidencing the loans from the fund to secure other loans from the fund to or for the benefit of participants. (b) The authority must approve the terms of a pledge under this section. (c) Notwithstan…
Ind. Code § 5-1.2-15.5-19 Guidelines; interest rate or parameters
0.9K chars
Sec. 19. (a) The authority shall establish the interest rate or parameters for establishing the interest rate on each loan made under this chapter, including parameters for establishing the amount of interest subsidies. (b) The authority, in setting the interest rate or parameter…
Ind. Code § 5-1.2-15.5-2 "Eligible project"
0.1K chars
Sec. 2. As used in this chapter, "eligible project" means a project for housing infrastructure. As added by P.L.204-2023, SEC.5.
Ind. Code § 5-1.2-15.5-20 Alternative of providing leveraged loan program
1.3K chars
Sec. 20. (a) As an alternative to making loans to participants, the authority may use the money in the fund to provide a leveraged loan program to or for the benefit of participants, including using money in the fund to enhance the obligations of participants issued for the purpo…
Ind. Code § 5-1.2-15.5-21 Use of money in fund to establish leveraged loan program
0.2K chars
Sec. 21. Notwithstanding any other law, money in the fund, together with loan repayments to be deposited in the fund, may be used to establish a leveraged loan program in connection with the fund. As added by P.L.204-2023, SEC.5.
Ind. Code § 5-1.2-15.5-22 Guidelines
0.2K chars
Sec. 22. The authority may adopt guidelines, without complying with IC 4-22-2, to govern the administration of this chapter. As added by P.L.204-2023, SEC.5.
Ind. Code § 5-1.2-15.5-23 Report
0.6K chars
Sec. 23. Not later than August 1 of each year, the public finance director shall prepare for the budget committee established by IC 4-12-1-3 and the legislative council a report that includes the following: (1) Information concerning the loans made available to participants from …
Ind. Code § 5-1.2-15.5-3 "Fund"
0.2K chars
Sec. 3. As used in this chapter, "fund" refers to the residential housing infrastructure assistance revolving fund established by section 9 of this chapter. As added by P.L.204-2023, SEC.5.
Ind. Code § 5-1.2-15.5-4 "Housing infrastructure"
0.2K chars
Sec. 4. As used in this chapter, "housing infrastructure" means the installation, replacement, upgrade, or improvement of public infrastructure for the support of residential housing. As added by P.L.204-2023, SEC.5.
Ind. Code § 5-1.2-15.5-5 "Program"
0.2K chars
Sec. 5. As used in this chapter, "program" refers to the residential housing infrastructure assistance program established by section 8 of this chapter. As added by P.L.204-2023, SEC.5.
Ind. Code § 5-1.2-15.5-6 "Public infrastructure"
1.4K chars
Sec. 6. (a) As used in this chapter, "public infrastructure" means any of the following infrastructure that is or will be owned, maintained, or provided by a political subdivision: (1) A water distribution system. (2) A water treatment plant. (3) A wastewater treatment plant. (4)…
Ind. Code § 5-1.2-15.5-7 "Residential housing"
0.3K chars
Sec. 7. As used in this chapter, "residential housing" means single family or multifamily housing for rent or sale. The term includes condominiums and townhouses located within an economic development target area that is designated under IC 6-1.1-12.1-7. As added by P.L.204-2023,…
Ind. Code § 5-1.2-15.5-8 Residential housing infrastructure assistance program;
0.1K chars
establishment Sec. 8. The residential housing infrastructure assistance program is established. As added by P.L.204-2023, SEC.5.
Ind. Code § 5-1.2-15.5-9 Residential housing infrastructure assistance revolving fund;
1.3K chars
use of money Sec. 9. (a) The residential housing infrastructure assistance revolving fund is established. The fund is a revolving fund to provide money for loans under this chapter to or for the benefit of participants. (b) The fund consists of: (1) appropriations from the genera…
Ind. Code § 5-28-15.5-1 Definitions
0.7K chars
Sec. 1. The following definitions apply throughout this chapter: (1) "District" refers to an entrepreneur and enterprise district designated by the executive of a qualified municipality under section 2(a) of this chapter. (2) "District board" refers to the board of directors of a…
Ind. Code § 5-28-15.5-2 Entrepreneur and enterprise districts; designation; territory;
1.7K chars
board of directors Sec. 2. (a) The executive of a qualified municipality may designate one (1) entrepreneur and enterprise district in the qualified municipality. (b) The territory of a district designated under subsection (a) may not exceed the greater of: (1) four (4) square mi…
Ind. Code § 5-28-15.5-4 Powers; district business requirement to assist district board;
2.4K chars
amount Sec. 4. (a) A district board has the following powers, in addition to other powers that are contained in this chapter: (1) To request the waiver of a municipal ordinance or regulation as provided in this chapter. (2) To adopt guidelines for the disqualification of a distri…
Ind. Code § 5-28-15.5-5 Ability of corporation to make grants to district boards from
1.7K chars
Indiana twenty-first century research and technology fund; amount of grant; uses Sec. 5. (a) For each state fiscal year beginning after June 30, 2019, until a district expires under section 3 of this chapter, if a district board applies for a grant under section 8(a)(3) of this c…
Ind. Code § 5-28-15.5-6 Annual summary; payments to district board; ability to obtain
2.0K chars
tax records Sec. 6. (a) Subject to subsection (c), a district business that claims any of the incentives available to district businesses shall, before June 1 of each year: (1) submit to the district board a verified summary concerning the amount of incentives claimed by the dist…
Ind. Code § 5-28-15.5-7 Duties of a district board; annual reporting; additional
2.6K chars
reported information for a district in Fort Wayne Sec. 7. (a) A district board shall do the following: (1) Coordinate development activities within the district. (2) Serve as a catalyst for development within the district. (3) Promote the district to outside groups and individual…
Ind. Code § 5-28-15.5-8 Powers of a district board; ability to request modification or
1.0K chars
waiver of municipal ordinance Sec. 8. (a) A district board may do the following: (1) Initiate and coordinate any community development activities that improve the physical environment or encourage the turnover or retention of capital in the district. (2) Modify a district boundar…