reglab/housing_qa huggingface dataset:
IN Code § 5-1.2-2-78 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 2. Definitions|5-1.2-2-78. "Tax Exempt Bonds"

Sec. 78. "Tax exempt bonds" means bonds, the interest on which is excludable from the gross income of the owners of the bonds under Section 103 of the Internal Revenue Code.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-2-79 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 2. Definitions|5-1.2-2-79. "User"

Sec. 79. "User" means a person who has entered into a financing agreement with the authority or lender or a contract for use with the developer or lender in contemplation of the person's use of an economic development project.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-2-80 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 2. Definitions|5-1.2-2-80. "Volume Cap"

Sec. 80. "Volume cap", as it relates to a year, means the maximum dollar amount of bonds that may be issued by issuers within that year under Section 146 of the Internal Revenue Code.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-2-81 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 2. Definitions|5-1.2-2-81. "Wastewater Program"

Sec. 81. "Wastewater program" refers to the wastewater revolving loan program established by IC 5-1.2-10.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-2-82 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 2. Definitions|5-1.2-2-82. "Wastewater Srf Fund"

Sec. 82. "Wastewater SRF fund" refers to the wastewater revolving loan fund established by IC 5-1.2-10.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-2-83 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 2. Definitions|5-1.2-2-83. "Wastewater Infrastructure Assistance Program"

Sec. 83. "Water infrastructure assistance program" refers to the water infrastructure assistance program established by IC 5-1.2-14.As added by P.L.189-2018, SEC.25. Amended by P.L.10-2019, SEC.11.
IN Code § 5-1.2-2-84 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 2. Definitions|5-1.2-2-84. "Water Infrastructure Grant Program"

Sec. 84. "Water infrastructure grant program" refers to the water infrastructure grant program established by IC 5-1.2-14.5.As added by P.L.154-2021, SEC.6.
IN Code § 5-1.2-3-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 3. Indiana Finance Authority|5-1.2-3-1. Establishment; Membership

Sec. 1. (a) There is established for the public purposes set forth in this article a body politic and corporate, not a state agency but an independent instrumentality exercising essential public functions, to be known as the Indiana finance authority. The authority is separate and apart from the state in its corporate and sovereign capacity, and though separate from the state, the exercise by the authority of its powers constitutes an essential governmental, public, and corporate function.(b) The authority is comprised of five (5) members.(c) The members are as follows:(1) The director of the office of management and budget, or the director's designee, who shall serve as chair of the authority.(2) The treasurer of state, or the treasurer of state's designee.(3) Three (3) members appointed by the governor, not more than two (2) of whom may be from the same political party.(d) All members must be residents of Indiana.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-3-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 3. Indiana Finance Authority|5-1.2-3-2. Members; Terms of Office

Sec. 2. Appointments to the authority under section 1(c)(3) of this chapter are for terms of four (4) years. Each member appointed to the authority under section 1(c)(3) of this chapter:(1) holds office for the term of this appointment;(2) continues to serve after expiration of the appointment until a successor is appointed and qualified;(3) is eligible for reappointment; and(4) may be removed from office by the governor with or without cause and serves at the pleasure of the governor.The governor shall fill a vacancy for the unexpired term of any member appointed under section 1(c)(3) of this chapter.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-3-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 3. Indiana Finance Authority|5-1.2-3-3. Officers; Compensation of Members

Sec. 3. (a) The members shall elect from among their number a vice chair and other officers as they may determine.(b) The members of the authority are entitled to reimbursement for traveling expenses and other expenses actually incurred in connection with their duties as provided by law. Members are not entitled to the salary per diem provided by IC 4-10-11-2.1(b) or any other compensation while performing their duties.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-3-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 3. Indiana Finance Authority|5-1.2-3-4. Vesting of Powers; Quorum; Voting

Sec. 4. The powers of the authority are vested in the members. Three (3) members of the authority constitute a quorum for the transaction of business. The affirmative vote of at least three (3) members is necessary for any action to be taken by the authority. Members may vote by written proxy delivered in advance to any other member who is present at the meeting. A vacancy in the membership of the authority does not impair the right of a quorum to exercise all rights and perform all duties of the authority.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-3-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 3. Indiana Finance Authority|5-1.2-3-5. Meetings

Sec. 5. Meetings of the members of the authority shall be held at the call of the chair or whenever any three (3) members so request. The members shall meet at least once every three (3) months to attend to the business of the authority.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-3-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 3. Indiana Finance Authority|5-1.2-3-6. Public Finance Director; Powers and Duties

Sec. 6. The governor shall appoint the public finance director, who serves at the pleasure of the governor. The public finance director shall:(1) administer, manage, and direct the affairs and activities of the authority and the employees of the authority in accordance with the policies and under the control and direction of the members of the authority;(2) approve all accounts for salaries, allowable expenses of the authority or of any employee or consultant, and expenses incidental to the operation of the authority; and(3) perform other duties as may be directed by the members of the authority in carrying out the purposes of the referenced statutes.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-3-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 3. Indiana Finance Authority|5-1.2-3-7. Public Finance Director; Designee; Attendance; Record Keeping Duties; Certification of Copies

Sec. 7. The public finance director, or the public finance director's designee, shall attend the meetings of the members of the authority, shall keep a record of the proceedings of the authority, and shall maintain and be custodian of all books, documents, and papers filed with the authority and its official seal. The public finance director may make copies of all minutes and other records and documents of the authority and may give certificates under seal of the authority to the effect that the copies are true copies. All persons dealing with the authority may rely upon these certificates.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-3-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 3. Indiana Finance Authority|5-1.2-3-8. Employment; Delegation of Administrative Duties

Sec. 8. (a) The authority may, without the approval of the attorney general or any other state officer, employ bond counsel, other legal counsel, technical experts, and such other officers, agents, and employees, permanent or temporary, as the authority considers necessary to carry out the efficient operation of the authority, and shall determine their qualifications, duties, compensation, and terms of service. The authority shall fix the compensation of the public finance director.(b) The members of the authority may adopt a resolution delegating to:(1) a member of the authority;(2) the public finance director; or(3) one (1) or more agents or employees of the authority;administrative duties that they consider proper, including the powers of the authority set forth in this chapter.(c) Employees of the authority shall not be considered employees of the state.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-3-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 3. Indiana Finance Authority|5-1.2-3-9. Members; Conflicts of Interest; Disclosure

Sec. 9. Any member or employee of the authority who has, will have, or later acquires an interest, direct or indirect, in any transaction with the authority shall immediately disclose the nature and extent of the interest in writing to the authority as soon as the member or employee has knowledge of the actual or prospective interest. The disclosure shall be announced in an open meeting and entered in the minutes of the authority. Upon disclosure, the member or employee shall not participate in any action by the authority authorizing the transaction. An interest shall not invalidate actions by the authority with the participation of the disclosing member before the time when the member became aware of the interest or should reasonably have become aware of the interest.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-3-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 3. Indiana Finance Authority|5-1.2-3-10. State Officers and Employees; Nonforfeiture of Offices and Employment

Sec. 10. Notwithstanding any other law, no officer or employee of the state forfeits the officer's or employee's office or employment by reason of the officer's or employee's acceptance of membership in the authority or by reason of the officer or employee providing services to the authority.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-3-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 3. Indiana Finance Authority|5-1.2-3-11. Members; Surety Bonds

Sec. 11. (a) Each member of the authority, the public finance director, and any other employee or agent of the authority authorized by resolution of the authority to handle funds or sign checks, before beginning the individual's duties, shall execute a surety bond in the penal sum of fifty thousand dollars ($50,000). To the extent an individual described in this section is already covered by a bond required by state law, the individual need not obtain another bond so long as the bond required by state law is in at least the penal sum specified in this section and covers the individual's activities for the authority. Instead of a bond, the chair of the authority may execute a blanket surety bond covering each member and the employees or other officers of the authority. Each surety bond shall be conditioned upon the faithful performance of the individual's duties and shall be issued by a surety company authorized to transact business in this state as surety. At all times after the issuance of any surety bonds, each individual described in this section shall maintain the surety bonds in full force and effect. All costs of the surety bonds shall be borne by the authority.(b) The public finance director, before beginning the public finance director's duties, must:(1) execute a surety bond as provided in subsection (a); or(2) be included in the coverage of a blanket surety bond described in subsection (a).As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-4-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 4. General Powers and Duties|5-1.2-4-2. Prohibited Activities

Sec. 2. The authority:(1) may not deal in securities within the meaning of or subject to any securities law, securities exchange law, or securities dealers law of the United States or of the state of Indiana or of any other state or jurisdiction, domestic or foreign, except as authorized in the referenced statutes;(2) may not:(A) emit bills of credit;(B) accept deposits of money for time or demand deposit;(C) administer trusts;(D) engage in any form or manner, or in the conduct of, any private or commercial banking business; or(E) act as a savings bank, savings association, or any other kind of financial institution; and(3) may not engage in any form of private or commercial banking business.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-4-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 4. General Powers and Duties|5-1.2-4-4. Additional Authority Powers; Capital Improvements; Northwest Indiana Regional Development Authority; Motorsports Investment District

Sec. 4. In addition to the powers listed in section 1 of this chapter, the authority may:(1) enter into leases and issue bonds under terms and conditions determined by the authority and use the proceeds of the bonds to:(A) acquire obligations issued by any entity authorized to acquire, finance, construct, or lease capital improvements under IC 5-1-17;(B) acquire any obligations issued by the northwest Indiana regional development authority established by IC 36-7.5-2-1; or(C) carry out the purposes of IC 5-1-17.5 within a motorsports investment district; and(2) perform any other functions determined by the authority to be necessary or appropriate to carry out the purposes of this section.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-4-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 4. General Powers and Duties|5-1.2-4-5. Requirements; Establishment of Terms Governing Reserves or Funding Levels

Sec. 5. (a) This section does not apply to any indebtedness issued by the authority if:(1) the proceeds will be used for a project that has been specifically authorized by the general assembly; or(2) the indebtedness is authorized under the referenced statutes.(b) Notwithstanding any other law in effect before:(1) the authority issues indebtedness that establishes a procedure for the authority or a person acting on behalf of the authority to certify to the general assembly the amount needed to restore a debt service reserve fund or another fund to a required level; or(2) execution by the authority of any other agreement that creates a moral obligation of the state to pay all or any part of any indebtedness issued by the authority;the authority is subject to, and shall comply with, to the extent practicable, the requirements set forth in IC 5-1.5-5-4(c) through IC 5-1.5-5-4(h) as if the authority were specifically named in IC 5-1.5-5-4(c) through IC 5-1.5-5-4(h).(c) In addition:(1) indebtedness described in IC 5-1.5-5-4(c) through IC 5-1.5-5-4(h) is considered a reference to an indebtedness or agreement referred to in this section; and(2) a qualified entity referred to in IC 5-1.5-5-4(c) through IC 5-1.5-5-4(h) is considered a reference to a borrower of any indebtedness and to any other parties referred to in this section.As added by P.L.189-2018, SEC.25. Amended by P.L.259-2019, SEC.1.
IN Code § 5-1.2-4-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 4. General Powers and Duties|5-1.2-4-6. Power to Borrow Money and Issue Bonds

Sec. 6. (a) The authority has the power to borrow money and to issue its bonds from time to time in the principal amounts as the authority determines are necessary to provide sufficient funds to carry out its purposes, powers, and programs, including:(1) carrying out the purposes, powers, and programs stated in this article;(2) the payment of interest on bonds of the authority;(3) the establishment of reserves to secure the bonds; and(4) all other expenditures of the authority incident to, necessary, and convenient to carry out the authority's purposes, powers, and programs.(b) The authority may also issue bonds in the manner and for the purposes provided by the referenced statutes.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-4-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 4. General Powers and Duties|5-1.2-4-7. Bonds; Liability of Authority; Pledges as Additional Security

Sec. 7. Except as may otherwise be expressly provided by the authority, every issue of its bonds shall be obligations of the authority payable solely out of any specified revenue or money of the authority, subject only to any agreements with the holders of particular bonds pledging any particular money or revenue. The bonds may be additionally secured by a pledge of any grant, contribution, or guarantee from the federal government or any corporation, limited liability company, association, institution, or person or a pledge of any money, income, or revenue of the authority from any source.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-4-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 4. General Powers and Duties|5-1.2-4-8. Bonds; Liability of State

Sec. 8. No bonds issued by the authority under this article shall constitute a debt, liability, or obligation of the state, or a pledge of the faith and credit of the state, but shall be payable solely as provided by section 7 of this chapter. Each bond issued under this article shall contain on its face a statement that neither the faith and credit nor the taxing power of the state is pledged to the payment of the principal of or the interest on the bond.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-4-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 4. General Powers and Duties|5-1.2-4-9. Bonds; Issuance; Procedure; Terms

Sec. 9. The bonds shall be authorized by a resolution of the authority, shall bear the date or dates, and shall mature at a time or times as the resolution may provide, except that no bond shall mature more than fifty (50) years from the date of its issue. The bonds shall be in denominations, be in the form, either coupon or registered, carry the conversion or registration privileges, be executed in the manner, be payable in the medium of payment at the place or places inside or outside Indiana, and be subject to the terms of redemption, including redemption prior to maturity, as the resolution or any trust agreement or indenture of the authority securing the bonds may provide. The bonds shall bear interest at a rate or rates that may be fixed, variable, fixed convertible to variable, variable convertible to fixed, or any combination of these rates. Variable rates shall be determined in the manner and in accordance with the provisions set forth in the resolution or the trust agreement or indenture securing the bonds. The interest on the bonds may be payable at the time or times or at the interval or intervals as may be provided in the resolution or the trust agreement or indenture securing the bonds, including the compounding and payment of interest at maturity or at any other time or times as may be specified in the resolution, trust agreement, or indenture. The bonds and their issuance shall not be subject to the provisions of any other statute concerning bonds or the issuance of bonds. Bonds of the authority may be sold by the authority at public or private sale, and at a price or prices as the authority shall determine. No action to contest the validity of any bonds issued or guarantees entered into by the authority under this article shall be commenced more than thirty (30) days following the adoption of the resolution approving such bonds or guarantees as provided in section 10 of this chapter.As added by P.L.189-2018, SEC.25.
IN Code § 5-1.2-4-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1.2. Indiana Finance Authority|Chapter 4. General Powers and Duties|5-1.2-4-10. Bonds; Authorized Provisions

Sec. 10. Any resolution authorizing the issuance of bonds or trust agreement or indenture pursuant to which the bonds are issued may contain provisions, which shall be a part of the contract or contracts with the holders of the bonds, as to the following:(1) Pledging all or any part of the revenue of the authority to secure the payment of the bonds, subject to agreements with bondholders as may then exist.(2) Pledging all or any part of the assets of the authority, including loans and obligations securing the loans and obligations, to secure the payment of the bonds, subject to agreements with bondholders as may then exist.(3) The use and disposition of the gross income from loans owned by the authority and payment of the principal of loans owned by the authority.(4) The setting aside of reserves or sinking funds and the regulation and disposition of these reserves or sinking funds.(5) Limitations on the purposes to which or the investments in which the proceeds from the sale of bonds may be applied and pledging the proceeds to secure the payment of the bonds.(6) Limitations on the issuance of additional bonds, the terms upon which additional bonds may be issued and secured, and the refunding of outstanding or other bonds.(7) The procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated, the amount of bonds the holders must consent to, and the manner in which the consent may be given.(8) Limitations on the amount of money to be expended by the authority for operating expenses of the authority.(9) Vesting in a trustee or trustee property, rights, powers, and trust as the authority may determine, and limiting or abrogating the right of the bondholders to appoint a trustee or limiting the rights, powers, and duties of the trustee.(10) Defining the acts or omissions that constitute a default and the obligations or duties of the authority to the holders of the bonds, and providing for the rights and remedies of the holders of the bonds in the event of a default, including as a matter of right the appointment of a receiver. However, the rights and remedies shall not be inconsistent with the general laws of this state and this article.(11) The rentals, fees, and other amounts to be charged, and the amounts to be raised in each year and the use, investment, and disposition of these amounts.(12) Any other matter, of like or different character, which in any way affects the security or protection of the holders of the bonds.As added by P.L.189-2018, SEC.25.