reglab/housing_qa huggingface dataset:
IN Code § 5-20-1-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-12. Enforcement of Authority Duties; Rights of Holders of Authority Obligations

Sec. 12. Holders of Authority Obligations Granted Legal Rights to Enforce Duties of the Authority. Any holder of obligations issued under the provisions of this chapter or any coupons appertaining thereto, and the trustee under any trust agreement or resolution authorizing the issuance of such obligations, except to the extent the rights given in this chapter may be restricted by such trust agreement or resolution, may, either at law or in equity, by suit, action, mandamus or other proceeding, protect and enforce any and all rights under the laws of the state, or granted in this chapter, or under such trust agreement or resolution, or under any other contract executed by the authority pursuant to this chapter, and may enforce and compel the performance of all duties required by this chapter or by such trust agreement or resolution to be performed by the authority or by any officer thereof.As added by Acts 1978, P.L.28, SEC.1.
IN Code § 5-20-1-13 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-13. Declaration of Negotiability of Authority Obligations

Sec. 13. Declaration of Negotiability of Obligations of the Authority. Notwithstanding any of the provisions of this chapter or any recitals in any obligations issued by the authority under the provisions of this chapter, all such obligations and interest coupons appertaining thereto are negotiable instruments under the laws of this state, subject only to any applicable provisions for registration.As added by Acts 1978, P.L.28, SEC.1.
IN Code § 5-20-1-14 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-14. Authority Obligations as Authorized Investments

Sec. 14. Obligations of Authority Are Authorized Investments. Obligations issued under the provisions of this chapter are hereby made securities in which all public officers and public bodies of the state of Indiana and its political subdivisions, all insurance companies, trust companies, banking associations, savings and loan associations, investment companies, executors, administrators, trustees and other fiduciaries may properly and legally invest funds, including capital in their control or belonging to them. Such obligations are securities which may properly and legally be deposited with and received by any state or municipal officer or any agency or political subdivision of the state for any purpose for which the deposit of bonds, notes or obligations of the state is authorized by law.As added by Acts 1978, P.L.28, SEC.1.
IN Code § 5-20-1-15 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-15. Authorization for Issuance of Refunding Obligations

Sec. 15. Authorization for Issuance of Refunding Obligations. (a) The authority is authorized to provide for the issuance of refunding obligations for the purpose of refunding any obligations then outstanding which shall have been issued under the provisions of this chapter, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of such obligations, and for any corporate purpose of the authority. The issuance of such obligations, the maturities and other details thereof, the rights of the holders thereof, and the rights, duties and obligations of the authority in respect of the same shall be governed by the provisions of this chapter which relate to the issuance of obligations, insofar as such provisions may be appropriate therefor.(b) Refunding obligations may be sold or exchanged for outstanding obligations issued under this chapter and, if sold, the proceeds thereof may be applied, in addition to any other authorized purposes, to the purchase, redemption or payment of such outstanding obligations. Pending the application of the proceeds of any such refunding obligations (together with any other available funds) to the payment of the principal, accrued interest and any redemption premium on the obligations being refunded, or if so provided or permitted in the resolution authorizing the issuance of such refunding obligations or in the trust agreement securing the same to the payment of any interest on such refunding obligations and any expenses in connection with such refunding, such proceeds shall be invested in: (1) direct obligations of, or obligations the principal of and the interest on which are unconditionally guaranteed by, the United States of America and agencies of the United States of America; or (2) general obligations of the state, which shall mature or which shall be subject to redemption by the holders thereof, at the option of such holders, not later than the respective dates when the proceeds, together with the interest accruing thereon, will be required for the purposes intended.As added by Acts 1978, P.L.28, SEC.1.
IN Code § 5-20-1-17 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-17. State Power to Alter Authority; Pledge Against Impairment of Authority Contracts

Sec. 17. State Power to Alter Authority; Pledge Against Impairment of Authority Contracts. The state may at any time, or from time to time, alter or change the structure, organization programs, activities or powers of the authority and may, at its sole discretion, terminate the existence of the authority. However, the state pledges and agrees with the holders of any obligations issued pursuant to this chapter that the state will not limit or alter the rights vested in the authority to fulfill the terms of any agreements made with the holders thereof, or in any way impair the right and remedy of the holders until the notes or bonds, together with the interest thereon, with interest on any unpaid installments of interest, and all costs and expenses in connection with any action or proceeding by or on behalf of such holders are fully met and discharged. The authority is authorized to include this pledge and agreement of the state in any agreement with the holders of such notes or bonds.As added by Acts 1978, P.L.28, SEC.1.
IN Code § 5-20-1-18 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-18. Annual Report; Annual Audit

Sec. 18. The authority shall, promptly following the close of each fiscal year, submit an annual report of its activities for the preceding year to the public finance director appointed under IC 5-1.2-3-6, the budget committee, and the general assembly. An annual report submitted under this section to the general assembly must be in an electronic format under IC 5-14-6. The report shall set forth a complete operating and financial statement of the authority during such year, and a copy of such report shall be available to inspection by the public at the Indianapolis office of the authority. The authority shall cause an audit of its books and accounts to be made at least once in each year by an independent certified public accountant and the cost thereof may be paid from any available money of the authority.As added by Acts 1978, P.L.28, SEC.1. Amended by P.L.28-2004, SEC.60; P.L.235-2005, SEC.90; P.L.145-2008, SEC.6; P.L.189-2018, SEC.41.
IN Code § 5-20-1-19 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-19. Limitation of Liability; Authority Members or Officers

Sec. 19. Limitation of Liability for Authority Members or Officers. No member or other officer of the authority shall be subject to any personal liability or accountability by reason of his execution of any obligations or the issuance thereof.As added by Acts 1978, P.L.28, SEC.1.
IN Code § 5-20-1-20 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-20. Authority to Accept and Expend Funds

Sec. 20. Authority to Accept and Expend Funds. The authority is authorized to accept and expend such moneys as may be received from any source, including income from the authority's operations, for effectuating its corporate purposes including, without limitation, the payment of the initial expenses of administration and operation, and the establishment of a reserve or contingency fund to be available for the payment of the principal of and the interest on any bonds or notes of the authority.As added by Acts 1978, P.L.28, SEC.1.
IN Code § 5-20-1-21 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-21. Tax Exempt Status

Sec. 21. Tax Exempt Status. The authority shall not be required to pay any taxes and assessments to the state, or any county, municipality or other governmental subdivision of the state, upon any of its property or upon its obligations or other evidences of indebtedness pursuant to the provisions of this chapter, or upon any moneys, funds, revenues or other income held or received by the authority, and the notes and bonds of the authority and the income therefrom shall at all times be exempt from taxation imposed by the state, except for death and gift taxes and taxes on transfers. Real property owned by the authority shall be exempt from all property taxation and special assessments of the state or political subdivisions thereof, but the authority may agree to pay, in lieu of such taxes, such amounts as the authority finds consistent with the cost to the state or political subdivision of supplying municipal services for such real property and any housing development constructed thereon, which payments such bodies are authorized to accept.As added by Acts 1978, P.L.28, SEC.1.
IN Code § 5-20-1-22 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-22. Disclosure of Conflicts of Interest

Sec. 22. Disclosure of Conflicts of Interest. If any member, officer or employee of the authority shall be interested either directly or indirectly, or shall be an officer or employee of or have an ownership interest in any firm or corporation interested directly or indirectly in any contract with the authority, including the making of any loan to any sponsor, builder or developer, such interest shall be disclosed to the authority and it shall be set forth in the minutes of the authority. The member, officer or employee having such interest shall not participate on behalf of the authority in the authorization of any such contract with the authority.As added by Acts 1978, P.L.28, SEC.1.
IN Code § 5-20-1-23 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-23. Authority Assets; Disposition Upon Termination or Dissolution

Sec. 23. Authority Assets; Disposition upon Termination or Dissolution. The authority shall fund its operating costs from the net revenues derived from the operation of the programs under section 4 of this chapter. No part of the revenues or assets of the authority shall inure to the benefit of or be distributable to its members or officers or other private persons. Any net earnings of the authority beyond that necessary for retirement of authority indebtedness or to implement the public purposes of this chapter shall inure to the benefit of the state. Upon termination or dissolution, all rights and properties of the authority shall pass to and be vested in the state, subject to the rights of lienholders and other creditors.As added by Acts 1978, P.L.28, SEC.1.
IN Code § 5-20-1-24 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-24. Chapter as Supplemental to Other Laws

Sec. 24. Provisions of this Chapter Deemed to Be Supplemental Powers to Other Laws. This chapter shall be deemed to provide an additional and alternative method for the performance of the activities authorized by this chapter, and shall be regarded as supplemental and additional to powers conferred by other laws, and shall not be regarded as in derogation of any powers now existing. However, the issuance of bonds or notes under this chapter need not comply with the requirements of any other law applicable to the issuance of bonds or notes.As added by Acts 1978, P.L.28, SEC.1.
IN Code § 5-20-1-25 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-25. Liberal Construction

Sec. 25. Liberal Construction. This chapter, being necessary for the prosperity of the state and its inhabitants, shall be liberally construed to effect its purposes.As added by Acts 1978, P.L.28, SEC.1.
IN Code § 5-20-1-26 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-26. Chapter Controlling

Sec. 26. Chapter Controlling. Insofar as the provisions of this chapter are inconsistent with the provisions of any general or special laws, or parts thereof, the provisions of this chapter shall be controlling.As added by Acts 1978, P.L.28, SEC.1.
IN Code § 5-20-1-27 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 1. Indiana Housing and Community Development Authority|5-20-1-27. Home Ownership Education Account Established

Sec. 27. (a) The home ownership education account within the state general fund is established to support:(1) home ownership education programs established under section 4(d) of this chapter;(2) mortgage foreclosure counseling and education programs established under IC 5-20-6-2; and(3) programs conducted by one (1) or a combination of the following to facilitate settlement conferences in residential foreclosure actions under IC 32-30-10.5:(A) The judiciary.(B) Pro bono legal services agencies.(C) Mortgage foreclosure counselors (as defined in IC 32-30-10.5-6).(D) Other nonprofit entities certified by the authority under section 4(d) of this chapter.The account is administered by the authority.(b) The home ownership education account consists of:(1) court fees collected under IC 33-37-5-33 (before its expiration on July 1, 2017);(2) civil penalties imposed and collected under:(A) IC 6-1.1-12-43(g)(2)(B); or(B) IC 27-7-3-15.5(f); and(3) any civil penalties imposed and collected by a court for a violation of a court order in a foreclosure action under IC 32-30-10.5.(c) The expenses of administering the home ownership education account shall be paid from money in the account.(d) The treasurer of state shall invest the money in the home ownership education account not currently needed to meet the obligations of the account in the same manner as other public money may be invested.As added by P.L.235-2005, SEC.91. Amended by P.L.181-2006, SEC.20; P.L.145-2008, SEC.7; P.L.105-2009, SEC.2; P.L.170-2011, SEC.3; P.L.231-2013, SEC.2; P.L.247-2015, SEC.1; P.L.72-2016, SEC.5.
IN Code § 5-20-2-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 2. Financing of Housing|5-20-2-1. Legislative Findings; Declaration of Purpose

Sec. 1. Legislative Findings and Declaration of Purpose. It is hereby found and declared that in this state there is a shortage of decent, safe and sanitary housing that most people can afford; that the shortage of such housing is a threat to the health, safety, morals and welfare of Indiana residents and is not transitory and self-curing; that the cost of financing such housing is a major and substantial factor affecting the supply and cost of decent, safe and sanitary housing built by private enterprise; that the purpose of this chapter is to provide a means of lowering the cost of financing ownership by Indiana residents of decent, safe and sanitary housing; that such financing of residential ownership will (a) provide for and promote the public health, safety, morals, and welfare, (b) stimulate construction of new housing and remodeling and improvement of existing housing, thereby relieving conditions of unemployment and encouraging the increase of industry and commercial activity and economic development so as to reduce the evils attendant upon unemployment, (c) assist low and moderate income people in acquiring and owning decent, safe and sanitary housing which they can afford, (d) promote the integration of families of varying economic means, and (e) preserve and increase the ad valorem property tax base in this state; that the foregoing are public purposes; and that the necessity for the provisions of this chapter is a matter of legislative determination.As added by Acts 1979, P.L.47, SEC.1.
IN Code § 5-20-2-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 2. Financing of Housing|5-20-2-2. Definitions

Sec. 2. As used in this chapter, each of the following shall have the meaning indicated unless a different meaning clearly appears from the context:(1) "Bonds" means the revenue bonds authorized to be issued under this chapter and includes notes and any and all other limited obligations of a county or municipality payable as provided in this chapter.(2) "Executive officer" of a county, city, or town has the meaning set forth in IC 36-1-2-5.(3) "Governing body" of a county, city, or town has the meaning set forth in IC 36-1-2-9.(4) "Home" means real property and improvements thereon constructed for human habitation, located within the county or municipality, consisting of not more than four (4) units, and owned by one (1) mortgagor who occupies or intends to occupy one (1) of such units.(5) "Home mortgage" means an interest bearing loan for not to exceed thirty (30) years to a mortgagor for the purpose of purchasing or improving a home, evidenced by a promissory note and secured by a mortgage on this home, but shall not include a loan primarily for the purpose of refinancing an existing loan.(6) "Lending institution" means any bank, trust company, savings bank, national banking association, savings association, mortgage banker, or other financing institution or governmental agency which customarily provides service or otherwise aids in the financing of mortgages on single family residential housing or multifamily residential housing, which institution, for a county, is located in that county, and for a municipality is located in the county in which the municipality is located, or any holding company for any of the foregoing.(7) "Mortgagor" means an individual, or two (2) or more individuals acting together, who have received a home mortgage under this chapter.(8) "Recording officer" means the clerk or clerk-treasurer of a county or municipality.(9) "Municipality" means a city or town.(10) "Authority" refers to the Indiana housing and community development authority created by IC 5-20-1-3.As added by Acts 1979, P.L.47, SEC.1. Amended by Acts 1981, P.L.62, SEC.1; P.L.8-1989, SEC.23; P.L.79-1998, SEC.11; P.L.181-2006, SEC.21.
IN Code § 5-20-2-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 2. Financing of Housing|5-20-2-3. Application

Sec. 3. Application. This chapter applies to counties, cities, towns, and consolidated cities.As added by Acts 1979, P.L.47, SEC.1. Amended by Acts 1981, P.L.62, SEC.2.
IN Code § 5-20-2-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 2. Financing of Housing|5-20-2-4. Income Limits

Sec. 4. Income Limits. (a) The governing body shall establish by ordinance an aggregate acceptable income amount for the year immediately preceding the calendar year in which a mortgage is requested, for the mortgagor and all individuals, except minor children of the mortgagor, who intend to reside with the mortgagor in one (1) dwelling unit. The purpose of this aggregate acceptable income amount is to limit the assistance provided by this chapter to individuals of low and moderate income.(b) The governing body may consider the following factors before it adopts the ordinance provided in subsection (a) of this section:(1) the portion of total income of a person that is available to meet housing needs;(2) the number of persons that may share a residential dwelling unit;(3) the cost and condition of available housing; and(4) the amount of income required to obtain and pay for decent, safe, and sanitary housing in the regular private housing market.(c) Mortgage loans under this chapter are limited to persons having adjusted gross income for Indiana individual income tax purposes of law and moderate income. However, at least ninety percent (90%) of the value of home mortgages made from any issue of bonds will be made with respect to mortgagors whose adjusted family income does not exceed one hundred percent (100%) of the median income of all families residing within the metropolitan area of the county or municipality as determined by the governing body. For the purpose of determining the income of a person who was not a resident of the state of Indiana for the prior taxable year, the person's adjusted gross income shall be computed as if he were a resident of the state of Indiana for the prior taxable year.As added by Acts 1979, P.L.47, SEC.1. Amended by Acts 1981, P.L.62, SEC.3.
IN Code § 5-20-2-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 20. Housing|Chapter 2. Financing of Housing|5-20-2-6. Administration

Sec. 6. Administration. In cities, the mayor shall designate a trustee institution to administer the proceeds of bond issues under this chapter; in counties and towns, the designation shall be made by the governing body. All lending institutions may participate under this chapter. The proceeds of each bond issue shall be apportioned as provided in this section by the trustee institution among all lending institutions that choose to participate. Those institutions that choose to participate shall furnish the trustee with copies of their submission under the Home Mortgage Disclosure Act during the preceding three (3) years.(1) For the most recent calendar year for which this information is available, the trustee institution shall compute the percentage that each participating lending institution's total amount of mortgages for homes located in the county bears to that same total amount for all participating lending institutions; this percentage figure is the participating lending institution's percentage share of the proceeds of bonds to be apportioned to it by the trustees institution.(2) The participating institutions must certify to the trustee that the proceeds will be used as required by the chapter, and that the institution will attempt to maintain the same proportion of dollar volume of all mortgage loans within the county or municipality during the calendar year in which the proceeds are distributed as in the preceding year. The trustee institution may, in its discretion, reapportion any unused bond proceeds among the participating lending institutions either:(A) six (6) months after funds are first apportioned to participating lending institutions for mortgage lending purposes; or(B) after seventy-five percent (75%) of the bond proceeds designated for mortgage acquisition have been used.As added by Acts 1979, P.L.47, SEC.1. Amended by Acts 1981, P.L.62, SEC.5.