reglab/housing_qa huggingface dataset:
IN Code § 5-1.2-12-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 12. Indiana Brownfields Program|5-1.2-12-3. Indiana Brownfields Fund

Sec. 3. (a) The Indiana brownfields fund is established to provide money for grants, loans, and other financial assistance to or for the benefit of political subdivisions under this chapter. The authority shall administer, hold, and manage the Indiana brownfields fund.(b) Money in the fund at the end of a state fiscal year does not revert to the state general fund.(c) Expenses of administering the Indiana brownfields fund shall be paid from money in the Indiana brownfields fund.(d) The Indiana brownfields fund consists of the following:(1) Appropriations made by the general assembly.(2) Grants and gifts intended for deposit in the Indiana brownfields fund.(3) Repayments of loans and other financial assistance from the Indiana brownfields fund, including premiums, interest, and penalties.(4) Proceeds from the sale of loans and other financial assistance under section 8 of this chapter.(5) Interest, premiums, gains, or other earnings on the Indiana brownfields fund.(6) Money transferred from the hazardous substances response trust fund under IC 13-25-4-1(a)(9).(7) Fees collected under section 6 of this chapter.(8) Money transferred from the underground petroleum storage tank excess liability trust fund under IC 13-23-7 for the purpose of environmental assessment and remediation on a property containing at least one (1) underground storage tank.(9) Money transferred from the petroleum trust fund under IC 13-23-12-4(1) for the purpose of corrective actions that involve releases of regulated substances from underground storage tanks and are ineligible to receive funds from the underground petroleum storage tank excess liability trust fund under IC 13-23-7.(e) The authority shall invest the money in the Indiana brownfields fund not currently needed to meet the obligations of the Indiana brownfields 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 Indiana brownfields fund.(f) As an alternative to subsection (e), the authority may invest or cause to be invested all or a part of the Indiana brownfields fund in a fiduciary account or accounts with a trustee that is a financial institution. Notwithstanding any other law, any investment may be made by the trustee in accordance with one (1) or more trust agreements or indentures. A trust agreement or indenture may allow disbursements by the trustee to the authority, a participant, or any other person as provided in the trust agreement or indenture.As added by P.L.189-2018, SEC.25. Amended by P.L.10-2019, SEC.24.
IN Code § 5-1.2-12-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 12. Indiana Brownfields Program|5-1.2-12-5. Additional Powers

Sec. 5. The authority may do the following:(1) Employ:(A) fiscal consultants;(B) environmental consultants;(C) engineers;(D) bond counsel;(E) other special counsel;(F) accountants; and(G) any other consultants, employees, and agents;that the authority considers necessary to carry out the purposes of this chapter.(2) Fix and pay the compensation of persons employed under subdivision (1) from money available in the Indiana brownfields fund or otherwise made available for the Indiana brownfields program.(3) Provide services to a private individual or entity, nonprofit entity, or political subdivision in connection with a loan or other financial assistance, including advisory and other services.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-12-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 12. Indiana Brownfields Program|5-1.2-12-6. Fees

Sec. 6. (a) The authority may provide services to a person (as defined in IC 13-11-2-158(a)) in connection with financial assistance, technical assistance, and liability clarification, and may assess and collect a fee for:(1) services provided to offset the costs of providing the services; and(2) costs and services incurred in the review or consideration of an application for a proposed loan or other financial assistance to or for the benefit of a political subdivision under this chapter, regardless of whether the application is approved or rejected.(b) A political subdivision may pay fees charged under this section.(c) The authority shall adopt guidelines for the assessment and collection of fees under this section.(d) Fees collected under this section shall be deposited in the Indiana brownfields fund.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-12-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 12. Indiana Brownfields Program|5-1.2-12-7. Priority Ranking System

Sec. 7. The authority shall use a priority ranking system in making loans and providing other financial assistance under this chapter based on the following:(1) Socioeconomic distress in an area, as determined by the poverty level and unemployment rate in the area.(2) The technical evaluation under section 4(a)(8)(A), 4(a)(8)(B), and 4(a)(8)(C) of this chapter.(3) Other factors determined by the authority, including the following:(A) The number and quality of jobs that would be generated by a project.(B) Housing, recreational, and educational needs of communities.(C) Any other factors the authority determines will assist in the implementation of this chapter.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-12-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 12. Indiana Brownfields Program|5-1.2-12-9. Loans or Other Financial Assistance; Necessary Documents

Sec. 9. 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 § 5-1.2-12-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 12. Indiana Brownfields Program|5-1.2-12-10. Guidelines

Sec. 10. The authority may adopt guidelines without complying with IC 4-22-2 to govern the administration of this chapter.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-12-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 12. Indiana Brownfields Program|5-1.2-12-11. Leveraged Loan Program; Authorization

Sec. 11. (a) As an alternative to making loans or providing other financial assistance to private individuals or entities, nonprofit entities, or political subdivisions, the authority may use the money in the Indiana brownfields fund to provide a leveraged loan program and other financial assistance programs to or for the benefit of political subdivisions, including using money in the Indiana brownfields fund to enhance a private individual or entity's, nonprofit entity's, or political subdivision's obligations under this chapter by:(1) granting money to:(A) be deposited in:(i) a capital fund or reserve fund established under IC 5-1.2-4 or another law, including this chapter; or(ii) any account established within the Indiana brownfields fund; or(B) provide interest subsidies;(2) paying bond insurance premiums, reserve insurance premiums, or credit enhancement, liquidity support, remarketing, or conversion fees, or other similar fees or costs for obligations of a political subdivision or for bonds or other obligations issued by a trustee that is a financial institution for a grantor trust or the authority if credit market access is improved or interest rates are reduced; or(3) guaranteeing all or a part of obligations issued by political subdivisions or of bonds or other obligations issued by a trustee that is a financial institution for a grantor trust or the authority.(b) The authority may enter into any agreements with:(1) a trustee that is a financial institution for a grantor trust; or(2) private individuals or entities, nonprofit entities, or political subdivisions;to carry out this chapter.(c) A guarantee of obligations or bonds under subsection (a)(3) must be limited to money in the Indiana brownfields fund. A guarantee under subsection (a)(3) does not create a liability or an indebtedness of the state or of the authority except, in the case of the authority, strictly in accordance with the guarantee terms.(d) Notwithstanding any other law, the authority is considered a qualified entity for purposes of IC 5-1.5.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-12-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 12. Indiana Brownfields Program|5-1.2-12-12. Authorization to Issue, Guarantee, and Sell Obligations

Sec. 12. (a) Notwithstanding any other law and in addition to any other law, including this article, the authority may issue, guarantee, and sell its revenue bonds, notes, and other obligations and guarantee loans and other financial assistance in connection with the Indiana brownfields program and the Indiana brownfields fund. The revenue bonds, notes, and other obligations must be issued in accordance with a resolution of the authority on terms or within parameters established by the authority, and proceeds must be used to carry out one (1) or more of the purposes of this chapter.(b) Compliance with this section constitutes full authority for the authority to issue and guarantee its revenue bonds, notes, and other obligations, to guarantee loans and other financial assistance, and to sell the revenue bonds, notes, and other obligations at public or private negotiated sale on terms or within parameters established by the authority. The authority is not required to comply with any other law applicable to the authorization, approval, issuance, guarantee, and sale of its revenue bonds, notes, and other obligations and guarantee loans and other financial assistance. The revenue bonds, notes, and other obligations, including guarantees, issued by the authority in connection with the Indiana brownfields program and the Indiana brownfields fund are valid and binding obligations of the authority and are enforceable in accordance with their terms and payable solely from the sources specified in the resolution authorizing their issuance, guarantee, and sale. The authority's revenue bonds, notes, and other obligations, including guarantees, do not create a liability or debt of the state.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-12-13 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 12. Indiana Brownfields Program|5-1.2-12-13. Deposits of Money; Uses

Sec. 13. (a) The authority may deposit appropriations or other money received under this chapter (or IC 13-19-5, before its repeal) after June 30, 1999, into an account of the Indiana brownfields fund. The authority may use money deposited in the account to award financial assistance, including forgivable loans, to or for the benefit of a political subdivision, and awards of professional services to private individuals or entities, nonprofit entities, and political subdivisions for remediation or other brownfield redevelopment activities. The authority shall, in the manner provided by section 10 of this chapter, adopt guidelines to establish a political subdivision's eligibility for a forgivable loan. The guidelines may provide priority for projects based on the funding source.(b) The financial assistance agreement for a project to be financed with a forgivable loan must specify economic development or redevelopment goals for the project that must be achieved before the political subdivision will be released from its obligation to repay the forgivable loan.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-13-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 13. Flood Control Program|5-1.2-13-1. Request

Sec. 1. At the request of the department of natural resources, the authority shall carry out the program established under this chapter.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-13-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 13. Flood Control Program|5-1.2-13-2. Flood Control Program and Fund; Establishment

Sec. 2. (a) The flood control program is established.(b) The flood control fund is created to provide money for loans and financial assistance to or for the benefit of participants under this chapter as part of the flood control program.(c) The flood control fund must be used exclusively for the purposes of this chapter.(d) The authority shall hold the flood control fund in the name of the authority. The authority shall administer the flood control fund in the manner provided by IC 5-1.2-4 and this chapter.(e) Money in the flood control fund does not revert to the state general fund.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-13-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 13. Flood Control Program|5-1.2-13-3. Loans and Financial Assistance; Procedures

Sec. 3. Loans and financial assistance may be made from the flood control fund to participants in the manner provided by IC 5-1.2-4 and this chapter.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-13-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 13. Flood Control Program|5-1.2-13-4. Loans and Financial Assistance; Use of Money

Sec. 4. The authority may make an approved loan or provide other financial assistance from the flood control fund to a participant. The money loaned or provided must be used by the participant only for the purpose of undertaking approved assistance.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-13-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 13. Flood Control Program|5-1.2-13-5. Loans and Financial Assistance; Conditions

Sec. 5. The authority may make an approved loan or provide other financial assistance from the flood control fund to a participant for an eligible activity only if:(1) the eligible activity is authorized and approved by ordinance or resolution enacted by the governing board of the participant; and(2) the assistance has been approved by the authority.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-13-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 13. Flood Control Program|5-1.2-13-6. Application; Financial Assistance Agreement; Assurances

Sec. 6. (a) The authority shall authorize the making of a loan or providing other financial assistance to a participant under this chapter subject to the following:(1) An application for the loan or other financial assistance to undertake an eligible activity has been submitted by the participant to the authority in the manner and form that the authority directs. The application must state the following:(A) The need for the requested eligible activity and the need for the loan or other financial assistance for undertaking the requested eligible activity.(B) A detailed description of the requested eligible activity.(C) An engineering estimate of the cost of the requested eligible activity.(D) The amount of the loan or other financial assistance considered to be needed.(E) Other information that is requested by the authority.(2) By entering into a financial assistance agreement, the authority determines that the eligible activity for which the approved assistance is provided will preserve, protect, or benefit the health, safety, and general welfare of the inhabitants of the participant's jurisdiction and the citizens of the state.(3) The participant agrees and furnishes assurance, satisfactory to the authority, that after completion, the participant will operate and maintain the eligible activity receiving approved assistance.(b) This chapter does not require the authority to provide a loan or other financial assistance to any participant to the extent it determines that providing the loan or other financial assistance is not in the best interests of the flood control program and the authority.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-13-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 13. Flood Control Program|5-1.2-13-7. Duties and Powers

Sec. 7. (a) The participant:(1) shall undertake and complete work related to the eligible activity receiving approved assistance; and(2) may provide labor, equipment, and materials from any source available to the participant related to the eligible activity receiving approved assistance.(b) The authority may do the following:(1) Evaluate the participation of the participant in the accomplishment of the eligible activity receiving approved assistance.(2) Require a contribution by the participant toward the total cost of the eligible activity receiving approved assistance.(c) Any participation required under this section shall be supervised by the governing board of the participant.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-13-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 13. Flood Control Program|5-1.2-13-8. Priority Ranking System

Sec. 8. (a) The authority shall use a priority ranking system in making loans or providing other financial assistance from the flood control fund. The authority, in consultation with other state agencies the authority determines to be appropriate, shall develop the priority ranking system to achieve the purposes of this chapter.(b) If an emergency demands immediate relief from actual or threatened flood damage, the application made by a participant for a loan or financial assistance may be considered regardless of a previous priority rating ascribed to the applicant.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-13-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 13. Flood Control Program|5-1.2-13-9. Interest Rates

Sec. 9. (a) The authority shall establish the interest rate or parameters for establishing the interest rate on each loan and other financial assistance made under this chapter, including parameters for establishing the amount of interest subsidies.(b) The authority, in setting the interest rate or parameters for establishing the interest rate on each loan and other financial assistance, may take the following into account:(1) Credit risk.(2) Environmental enforcement and protection.(3) Affordability.(4) Other fiscal factors the authority considers relevant, including the program's cost of flood control funds and whether the financial assistance provided to a particular participant is taxable or tax exempt under federal law.Based on the factors set forth in subdivisions (1) through (4), more than one (1) interest rate may be established and used for loans and other financial assistance to different participants or for different loans and other financial assistance to the same participants.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-13-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 13. Flood Control Program|5-1.2-13-10. Financial Assistance Agreement

Sec. 10. A participant receiving a loan or other financial assistance from the flood control fund shall enter into a financial assistance agreement with the authority. A financial assistance agreement related to the flood control program is a valid, binding, and enforceable agreement on the participant.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-13-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 13. Flood Control Program|5-1.2-13-11. Loan or Other Financial Assistance; Required Documents

Sec. 11. 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 § 5-1.2-13-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 13. Flood Control Program|5-1.2-13-12. Levy for Flood Control Purposes

Sec. 12. (a) Except as provided in subsection (b), a participant receiving a loan or other financial assistance under:(1) this chapter;(2) IC 13-2-23 (before its repeal); or(3) IC 14-28-5 (before its repeal);may levy an annual tax on personal and real property located within the geographical limits of the participant for flood control purposes. The tax is in addition to any other tax authorized by law to be levied for flood control purposes. The tax shall be levied at the rate that will produce sufficient revenue to pay the annual installment and interest on a loan or other financial assistance made under this chapter, under IC 13-2-23 (before its repeal), or under IC 14-28-5 (before its repeal). The tax at the rate authorized in this section is in addition to the maximum annual rates prescribed by law.(b) This subsection applies to the participation of the Kankakee River basin and Yellow River basin development commission. If the commission receives a loan or other financial assistance under this chapter, the commission must pay the annual installment and interest on the loan or other financial assistance from any combination of the direct support payments received under IC 14-13-9-21, the proceeds of special assessments imposed under IC 14-13-9-21, or other funds of the commission deemed acceptable by the authority.As added by P.L.189-2018, SEC.25. Amended by P.L.282-2019, SEC.2.