reglab/housing_qa huggingface dataset:
IN Code § 5-1.2-15-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 15. Local Transportation Infrastructure Program|5-1.2-15-9. Loans or Other Financial Assistance; Interest Rates

Sec. 9. (a) A loan from a fund may:(1) not have a term of more than twenty (20) years;(2) provide for amortization to begin not later than one (1) year after construction of the project ends; and(3) have an interest rate established by the authority in accordance with subsection (c).(b) Unless otherwise provided by the procedure established by the authority under section 7 of this chapter, a participant that receives financial assistance from the fund shall enter into a financial assistance agreement. A financial assistance agreement is a valid, binding, and enforceable agreement of the participant.(c) The authority, in setting the interest rate or parameters for establishing the interest rate on each loan, may take into account the following:(1) Credit risk.(2) Affordability.(3) Other fiscal factors the authority considers relevant, including the program's cost of funds.Based on the factors set forth in subdivisions (1) through (3), more than one (1) interest rate may be established and used for loans to different participants or for different loans or other financial assistance to the same participants.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-15-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 15. Local Transportation Infrastructure Program|5-1.2-15-10. Loans or Other Financial Assistance; Necessary Documents

Sec. 10. A loan or other financial assistance from the fund must be accompanied by the following:(1) All papers and opinions required by the authority.(2) Unless otherwise provided by the guidelines of the authority, the following:(A) An approving opinion of nationally recognized bond counsel.(B) A certification and guarantee of signatures.(C) A certification that, as of the date of the loan or other financial assistance:(i) no litigation is pending challenging the validity of or entry into the loan or other financial assistance or any security for the loan or other financial assistance; or(ii) if litigation is pending, the litigation will not have a material adverse effect on the validity of the loan or other financial assistance or any security for the loan or other financial assistance.(D) If litigation is pending, as an alternative to the certification described in clause (C), an opinion of legal counsel that the litigation will not have a material adverse effect on the validity of the loan or other financial assistance.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-15-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 15. Local Transportation Infrastructure Program|5-1.2-15-11. Expenses

Sec. 11. The expenses of administering a fund shall be paid from money in that fund.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-15-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 15. Local Transportation Infrastructure Program|5-1.2-15-12. Investment

Sec. 12. The authority may invest money in funds as provided in IC 5-1.2-4-1(a)(17) and IC 5-1.2-4-1(a)(40).As added by P.L.189-2018, SEC.25. Amended by P.L.10-2019, SEC.26.
IN Code § 5-1.2-15-13 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 15. Local Transportation Infrastructure Program|5-1.2-15-13. Reversion

Sec. 13. Money in any fund at the end of a state fiscal year does not revert to the state general fund.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-15-14 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 15. Local Transportation Infrastructure Program|5-1.2-15-14. Other Statutes

Sec. 14. The following apply to bonds issued under this chapter for local transportation infrastructure projects:(1) IC 5-1.2-1-2.(2) IC 5-1.2-4-7 through IC 5-1.2-4-16.(3) IC 5-1.2-4-19 through IC 5-1.2-4-20.(4) IC 5-1.2-4-23.(5) IC 5-1.2-4-24.(6) IC 5-1.2-4-26 through IC 5-1.2-4-29.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-15-15 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 15. Local Transportation Infrastructure Program|5-1.2-15-15. Compensation

Sec. 15. The authority may fix and pay the compensation of persons employed for purposes of this chapter from money:(1) available in a fund; or(2) otherwise made available for the program.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-15-16 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 15. Local Transportation Infrastructure Program|5-1.2-15-16. Fees

Sec. 16. A participant may pay fees charged by the authority to carry out this chapter.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-16-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 16. Bond Ceiling|5-1.2-16-1. Purpose

Sec. 1. The purpose of this chapter is to allocate the volume cap under Section 146 of the Internal Revenue Code.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-16-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 16. Bond Ceiling|5-1.2-16-2. Alternative Allocation Formula

Sec. 2. (a) The allocation formula established by Section 146(b) and Section 146(c) of the Internal Revenue Code for the volume cap established for Indiana is supplanted under the authority granted by Section 146(e) of the Internal Revenue Code.(b) All amounts of the volume cap are annually allocated to the state. Thereafter all amounts of the volume cap are assigned from the state to other issuers as provided in this chapter.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-16-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 16. Bond Ceiling|5-1.2-16-3. Categories

Sec. 3. (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.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-16-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 16. Bond Ceiling|5-1.2-16-4. Annual Allocation

Sec. 4. (a) On or before January 1 of each year, the authority shall determine the dollar amount of the volume cap for that year.(b) Each year the volume cap shall be allocated among the categories specified in section 3 of this chapter as follows:
IN Code § 5-1.2-16-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 16. Bond Ceiling|5-1.2-16-5. Special Volume Cap

Sec. 5. The authority shall determine the allocation of any special volume cap in accordance with the federal act authorizing the special volume cap.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-16-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 16. Bond Ceiling|5-1.2-16-6. Year End; Unused Amounts

Sec. 6. (a) At 5 p.m. on December 20 of each year, all categories established by section 3 of this chapter are eliminated and any remaining amounts in those categories shall be placed in a single noncategorized state pool.(b) After 5 p.m. on December 20 of each year, applications for a grant of volume cap shall be granted from the single noncategorized state pool. These applications shall be granted in the order of priority established in the guidelines adopted under section 7 of this chapter.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-16-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 16. Bond Ceiling|5-1.2-16-7. Forms; Guidelines

Sec. 7. (a) Notwithstanding IC 5-15-5.1, the authority has the sole authority to prescribe and furnish forms used in the administration of this chapter.(b) The authority may adopt guidelines, without complying with IC 4-22-2, to govern the administration of this chapter. The guidelines may establish procedures, criteria, and conditions for each category of bonds identified in sections 3 and 4 of this chapter. However, the guidelines may not be inconsistent with the requirements of Section 146 of the Internal Revenue Code.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-16-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 16. Bond Ceiling|5-1.2-16-8. Application Requirements

Sec. 8. To qualify for a grant of volume cap, an applicant must do the following:(1) Apply for the grant in conformity with the procedures established by the authority.(2) Provide the information reasonably requested by the authority to carry out this chapter.(3) Meet the criteria established by the authority for the category of bond for which the application is filed.(4) Pay the fees established by the authority.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-16-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 16. Bond Ceiling|5-1.2-16-9. Application Procedure

Sec. 9. The authority shall establish a written:(1) application procedure for the granting of a portion of the volume cap to an applicant; and(2) procedure for filing carryforward elections.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-16-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 16. Bond Ceiling|5-1.2-16-10. Selection Criteria

Sec. 10. The authority shall establish written criteria for the selection of grant applications from among the applicants that qualify for the grant under section 8 of this chapter. The criteria must promote the health and well-being of the residents of Indiana by promoting the public purposes served by each of the bond categories subject to the volume cap.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-16-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 16. Bond Ceiling|5-1.2-16-11. Grant Termination; Conditions

Sec. 11. The authority may establish conditions for the termination of a grant of volume cap. The conditions may include requirements such as the following:(1) That the amount of volume cap granted may not be substantially higher than the amount of actual bonds issued.(2) That the issuer issue bonds within the time specified by the authority.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.3-1-0.5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District|Chapter 1. Legislative Findings of Fact|5-1.3-1-0.5. Obligations Legalized and Validated

Sec. 0.5. (a) All bonds, notes, evidences of indebtedness, leases, or other written obligations issued or executed under this article by or in the name of the:(1) IFA;(2) NWIRDA; and(3) NICTD;before April 30, 2019, are hereby legalized and declared valid.(b) Any pledge, dedication or designation of revenues, conveyance, or mortgage securing the bonds, notes, evidences of indebtedness, leases, or other written obligations issued or executed under this article by or in the name of the:(1) IFA;(2) NWIRDA; and(3) NICTD;before April 30, 2019, are hereby legalized and declared valid.(c) Any resolutions adopted, proceedings had, and actions taken under this article by the:(1) IFA;(2) NWIRDA; and(3) NICTD;before April 30, 2019, under which the bonds, notes, evidences of indebtedness, leases, or other written obligations were or will be issued or under which the pledge, dedication or designation of revenues, conveyance, or mortgage was or will be granted are hereby legalized and declared valid.As added by P.L.259-2019, SEC.2.
IN Code § 5-1.3-1-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District|Chapter 1. Legislative Findings of Fact|5-1.3-1-1. Findings; Declaration

Sec. 1. (a) The general assembly makes the following findings of fact:(1) The communities in northwest Indiana face unique and distinct challenges and opportunities related to transportation and economic development that are different in scope and type than those faced by other communities in Indiana.(2) The general assembly routinely appropriates money to communities throughout the state based on its policy determinations with regard to local need, and has previously authorized appropriations for the development and improvement of the commuter rail system in northwest Indiana.(3) It is necessary to serve the public interest and to provide for the public welfare by adopting this article for the purposes described in this article.(b) Any bonds, leases, or obligations entered into under this article by the IFA do not constitute an indebtedness of the state within the meaning or application of any constitutional or statutory provision, prohibition, or limitation.As added by P.L.189-2018, SEC.26.
IN Code § 5-1.3-1-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District|Chapter 1. Legislative Findings of Fact|5-1.3-1-2. Supplemental and Additional Powers

Sec. 2. This article provides an additional and alternative method for doing the things authorized by this article, and is supplemental and additional to powers conferred by other laws and not in derogation of any other powers.As added by P.L.189-2018, SEC.26.
IN Code § 5-1.3-1-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District|Chapter 1. Legislative Findings of Fact|5-1.3-1-3. Conflicting Provisions

Sec. 3. This article is necessary for the welfare of the state and its inhabitants and shall be liberally construed to effect the purposes of this article. If any other law or rule is inconsistent with this article, this article is controlling as to the financing, acquisition, or construction undertaken under this article.As added by P.L.189-2018, SEC.26.
IN Code § 5-1.3-1-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District|Chapter 1. Legislative Findings of Fact|5-1.3-1-4. Leases; Authorization

Sec. 4. This article contains full and complete authorization for leases between the IFA and:(1) the NWIRDA;(2) the NICTD;(3) a unit;(4) a political subdivision; or(5) a governmental entity;for a rail project. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the IFA, the NWIRDA, or the NICTD or any other officer, department, agency, or instrumentality of the state, any unit, political subdivision, or governmental entity is required to enter into any lease, except as prescribed in this article.As added by P.L.189-2018, SEC.26.
IN Code § 5-1.3-1-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District|Chapter 1. Legislative Findings of Fact|5-1.3-1-5. Applicability

Sec. 5. (a) This article:(1) applies to:(A) the IFA;(B) the NWIRDA; and(C) the NICTD;only when acting for the purposes set forth in this article; and(2) does not apply to:(A) the IFA;(B) the NWIRDA; or(C) the NICTD;when acting under any other statute for any other purpose.(b) This article does not apply to a transit development district established by the NWIRDA under IC 36-7.5-4.5.As added by P.L.189-2018, SEC.26.
IN Code § 5-1.3-1-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District|Chapter 1. Legislative Findings of Fact|5-1.3-1-6. Conflicting Requirements

Sec. 6. When acting pursuant to powers specifically granted in this article, the IFA, the NWIRDA, and the NICTD are not required to comply with any other state statute or law unless it is required by this article.As added by P.L.189-2018, SEC.26.
IN Code § 5-1.3-1-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District|Chapter 1. Legislative Findings of Fact|5-1.3-1-7. Authorization

Sec. 7. The IFA, the NWIRDA, and the NICTD may do all things necessary or proper to carry out this article.As added by P.L.189-2018, SEC.26.
IN Code § 5-1.3-1-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District|Chapter 1. Legislative Findings of Fact|5-1.3-1-8. Contesting the Validity of an Action

Sec. 8. (a) An action to contest the validity of any action taken under this article may not be brought after the fifteenth day following the date the resolution of:(1) the IFA;(2) the NWIRDA; or(3) the NICTD;is adopted approving the action taken, provided the applicable statutory procedures have been completed.(b) If an action challenging an action taken under this article is not brought within the time prescribed by this section, the lease, contract, bonds, notes, obligations, or other action taken shall be conclusively presumed to be fully authorized and valid under the laws of the state and any person is estopped from further questioning the authorization, validity, execution, delivery, or issuance of the lease, contract, bonds, notes, obligations, or other action.As added by P.L.189-2018, SEC.26.
IN Code § 5-1.3-2-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District|Chapter 2. Definitions|5-1.3-2-1. Applicability

Sec. 1. The definitions in this chapter apply throughout this article.As added by P.L.189-2018, SEC.26.
IN Code § 5-1.3-2-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District|Chapter 2. Definitions|5-1.3-2-2. "Bonds"

Sec. 2. "Bonds" refers to bonds of:(1) the IFA issued under IC 5-1.3-6; or(2) the NWIRDA issued under IC 5-1.3-6.As added by P.L.189-2018, SEC.26.
IN Code § 5-1.3-2-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District|Chapter 2. Definitions|5-1.3-2-3. "Capitalized Interest"

Sec. 3. "Capitalized interest" means interest cost on bonds or notes before and during the period of construction of the rail project for which the bonds or notes were issued, and for a period not to exceed two (2) years after completion of construction.As added by P.L.189-2018, SEC.26.
IN Code § 5-1.3-2-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.3. Lease Financing for Rail Projects for the Northwest Indiana Regional Development Authority and the Northern Indiana Commuter Transportation District|Chapter 2. Definitions|5-1.3-2-4. "Construction"

Sec. 4. "Construction" means constructing, acquiring, renovating, rehabilitating, reconstructing, improving, extending, and equipping a rail project.As added by P.L.189-2018, SEC.26.