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Current as of January 01, 2026 | Updated by Findlaw Staff
Sec. 4. Subject to the written procedures developed by the authority under section 7 of this chapter, the authority may do the following:
(1) Accept money from any agency, department, or instrumentality of the United States, the state, or another state for deposit in a fund.
(2) Issue bonds and deposit proceeds in a fund.
(3) Loan money to a participant.
(4) Use the money in a fund:
(A) for debt financing;
(B) for grants;
(C) for loan guarantees;
(D) to manage leveraged loan programs for new construction of local transportation infrastructure projects through recapitalization of funds;
(E) to refinance and purchase participant debt;
(F) to guarantee participant loans;
(G) to make bond and debt service reserve insurance payments;
(H) to guarantee debt service reserve funds; and
(I) to provide other financial assistance;
to or for a participant.
(5) Deposit loan repayments by a participant in a fund.
Cite this article: FindLaw.com - Indiana Code Title 5. State and Local Administration § 5-1.2-15-4 - last updated January 01, 2026 | https://codes.findlaw.com/in/title-5-state-and-local-administration/in-code-sect-5-1-2-15-4/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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