reglab/housing_qa huggingface dataset:
IN Code § 5-28-28.5-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 28.5. Broadband Ready Communities Development Center|5-28-28.5-8. Broadband Adoption; Procedure to Promote Broadband Adoption After Certification of Unit as Broadband Ready Community; Prohibitions

Sec. 8. (a) As used in this section, "broadband adoption" refers to an agreement by a customer to subscribe to broadband services that are:(1) offered by a communications service provider; and(2) available to the customer.(b) A unit that wishes to be certified as a broadband ready community must establish a procedure to promote broadband adoption in the unit after the unit is certified as a broadband ready community. The procedure must include the following:(1) A single point of contact in charge of broadband adoption in the unit.(2) An assurance that each communications service provider that already provides broadband services in the unit will be notified that the unit is applying to be a broadband ready community.(3) An assurance that the unit will work with communications service providers to promote broadband adoption in the unit.(c) A procedure established under subsection (b) may not do the following:(1) Discriminate among communications service providers with respect to promoting broadband adoption in the unit.(2) Impose a fee on communications service providers to fund promotion of broadband adoption in the unit.As added by P.L.33-2017, SEC.2. Amended by P.L.177-2018, SEC.6; P.L.189-2018, SEC.48.
IN Code § 5-28-29-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-1. "Agreement"

Sec. 1. As used in this chapter, "agreement" means an agreement between a lender and the corporation under which a lender may participate in the program.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-2. "Amount"; "Proceeds"

Sec. 2. As used in this chapter in connection with a loan, "amount" and "proceeds" refer only to the amount covered under an agreement, unless the context clearly requires otherwise.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-3. "Borrower"

Sec. 3. As used in this chapter, "borrower" means the recipient of a loan that is, has been, or will be filed by the lender for enrollment under the program and meets the following requirements:(1) The borrower is a corporation, limited liability company, partnership, joint venture, sole proprietorship, cooperative, or other entity, whether profit or nonprofit, that is authorized to conduct business in Indiana.(2) The borrower is not an executive officer, a director, or a principal shareholder of the lender, a member of the immediate family of an executive officer, a director, or a principal shareholder of the lender, or an entity controlled by an executive officer, a director, a principal shareholder, or a member of the immediate family.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-4. "Capital Access Account"

Sec. 4. As used in this chapter, "capital access account" means an account created by the corporation for the purposes of the capital access program.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-5. "Claim"

Sec. 5. As used in this chapter, "claim" means a claim filed by the lender under section 29 of this chapter.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-6. "Early Loan"

Sec. 6. As used in this chapter, "early loan" means an enrolled loan when at the time of its enrollment the total amount of previously enrolled loans made by the lender under the program was less than five million dollars ($5,000,000).As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-7. "Eligible Loan"

Sec. 7. As used in this chapter, "eligible loan" means a loan made by the lender to a borrower that meets the requirements of sections 17 and 18 of this chapter.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-8. "Enrolled Loan"

Sec. 8. As used in this chapter, "enrolled loan" means a loan enrolled by the corporation under the terms of section 19 of this chapter.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-9. "Lender"

Sec. 9. As used in this chapter, "lender" means:(1) a financial institution (as defined in IC 5-13-4-10); or(2) beginning after June 30, 2018:(A) a credit corporation (as defined in IC 23-6-4-1);(B) an entity that:(i) extends more than seventy-five percent (75%) of all eligible loans made in the previous twelve (12) month period to minority businesses (as defined in IC 5-28-20-4); and(ii) is approved by the corporation as a lender in accordance with the policy guidelines adopted by the board of the corporation;(C) a qualified "eligible intermediary" participating in the federal Small Business Administration Microloan Program pursuant to 15 U.S.C. 636(m), as amended from time to time, and that is approved by the corporation as a lender in accordance with the policy guidelines adopted by the board of the corporation; or(D) a non-credit union community development financial institution that is approved by the corporation as a lender in accordance with the policy guidelines as adopted by the board;that has entered into an agreement with the corporation to participate in the program.As added by P.L.162-2007, SEC.24. Amended by P.L.146-2018, SEC.17; P.L.10-2019, SEC.34; P.L.197-2021, SEC.9.
IN Code § 5-28-29-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-10. "Passive Real Estate Ownership"

Sec. 10. As used in this chapter, "passive real estate ownership" means ownership of real estate for the purpose of deriving income from speculation, trade, or rentals, except that the term does not include the following:(1) Ownership of that part of real estate being used or intended to be used for the operation of the business of the owner of the real estate.(2) Ownership of real estate for the purpose of construction or renovation until the completion of the construction or renovation phase.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-11. "Program"

Sec. 11. As used in this chapter, "program" refers to the capital access program created by this chapter.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-12. "Reserve Fund"

Sec. 12. As used in this chapter, "reserve fund" means an account established by the corporation with funds accumulated under this chapter and to cover claims made by the lender under this chapter.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-13 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-13. Establishment; Purpose

Sec. 13. The capital access program is established. The purpose of the program is to provide capital to businesses, particularly small and medium-sized businesses, to foster economic development in Indiana. Loans made under the program must be slightly riskier than conventional loans, but still offer a high degree of soundness in connection with the program.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-14 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-14. Duties

Sec. 14. The corporation shall do the following:(1) Administer the program.(2) Market the program to businesses and other persons in Indiana in cooperation with financial institutions and statewide associations representing financial institutions.(3) If the reserve funds are not maintained in an account with the lender, upon execution of an agreement between the lender and the corporation, the corporation shall establish a reserve fund account at the corporation for the lender for the purpose of receiving all required premium charges to be paid by the lender and the borrower and transfers made by the corporation under this chapter. If the reserve funds are maintained in an account with the lender, upon execution of an agreement between the lender and the corporation, the corporation shall establish a reserve fund account with the lender in the name of the corporation for the purpose of receiving all required premium charges to be paid by the lender and the borrower and transfers made by the corporation under this chapter.(4) Develop the program, in cooperation with financial institutions and statewide associations representing financial institutions, so that the degree of flexibility for the corporation and the participating lenders is maximized, the state oversight of individual loans is minimized, and the fiscal integrity of the program is maintained.(5) Enter into any contracts necessary to carry out the program.(6) Take any action reasonably necessary to ensure compliance with the program.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-15 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-15. Lender Eligibility

Sec. 15. A lender is eligible to participate in the program upon entering into an agreement with the corporation governing the duties of the corporation and the lender under the program. The lender shall provide the corporation with information regarding the lender's participation in the program that the corporation reasonably requires. Upon notice to the lender, the corporation may inspect the files of the lender relating to any loans enrolled under the program during normal business hours of the lender.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-16 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-16. Corporation Has No Legal or Equitable Interest; Consent of Corporation Unnecessary to Amend Documents

Sec. 16. Except upon the exercise of the corporation's right of subrogation under section 32 of this chapter, the corporation has no legal or equitable interest in any collateral, security, or other right of recovery in connection with any loan enrolled in the program, and the corporation's consent is not necessary for any amendment to the lender's loan documents.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-17 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-17. Eligible Loans

Sec. 17. (a) The following types of loans are eligible loans under the program:(1) Loans for industrial or commercial purposes.(2) Loans to refinance loans made for the purposes in subdivision (1).(3) Loans for line of credit agreements established between the lender and borrower that are used for the purposes in subdivision (1).(b) Eligible loans must meet the following criteria:(1) The lender has not made the loan to enroll in the program prior debt that is not covered under the program and that is or was owed by the borrower to the lender.(2) The proceeds of the loan will not be used for that part of a project or development devoted to housing.(3) The proceeds of the loan will not be used to finance passive real estate ownership.(4) The proceeds of the loan will be used to finance a project or enterprise that is located in Indiana and that will foster economic development in Indiana.(c) An eligible loan may provide for an interest rate, fees, and other terms and conditions agreed to by the lender and borrower. If the loan amount to be borrowed is determined by a commitment agreement that establishes a line of credit, the amount of the loan is the maximum amount available to the borrower under the agreement.(d) Notwithstanding any other provision of this chapter, a loan:(1) originated by an entity:(A) that is a qualified "eligible intermediary" participating in the federal Small Business Administration Microloan Program pursuant to 15 U.S.C. 636(m), as amended from time to time; and(B) that is approved as a lender in accordance with the policy guidelines adopted by the board of the corporation; and(2) with a principal loan amount that exceeds fifty thousand dollars ($50,000);is not an eligible loan under the program.As added by P.L.162-2007, SEC.24. Amended by P.L.146-2018, SEC.18; P.L.10-2019, SEC.35.
IN Code § 5-28-29-18 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-18. Loan Enrollment; Lender Actions

Sec. 18. (a) To enroll a loan under the program, the lender must file a completed loan enrollment form with the corporation. The lender must also certify the following to the corporation as part of the filing:(1) The lender has no substantial reason to believe that the loan is being made to a borrower who does not meet the requirements of section 3 of this chapter.(2) The lender has received from the borrower a written representation, warranty, pledge, and waiver stating that the borrower has no legal, beneficial, or equitable interest in the nonrefundable premium charges or any other funds credited to the reserve fund established to cover losses sustained by the lender on enrolled loans.(3) The loan being filed for enrollment is an eligible loan under section 17 of this chapter.(4) Premium charges required of the borrower and lender under this chapter have been deposited in the reserve fund.(b) The lender shall file the loan enrollment form within ten (10) business days after the lender makes the loan. The date on which the lender makes a loan is the earlier of the date on which the lender first disburses proceeds of the loan to the borrower or the date on which the loan documents have been executed and the lender has obligated itself to disburse proceeds of the loan. The filing date of a loan enrollment form is the date on which the lender does any of the following:(1) Delivers the required documentation to the corporation.(2) Delivers the document to a professional courier service for delivery to the corporation.(3) Mails the document to the corporation by certified mail.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-19 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-19. Loan Enrollment; Corporation Actions

Sec. 19. When the corporation receives a loan enrollment form, the corporation shall enroll the loan if the information provided under section 18 of this chapter indicates that the loan is an eligible loan. Within five (5) business days after receipt of a loan enrollment form for an eligible loan, the corporation shall deliver to the lender an acknowledgment of enrollment signed by the corporation or the corporation's designee, including documentation of the amount being transferred by the corporation into the reserve fund under this chapter.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-20 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-20. Loan Enrollment; Partial Coverage Under the Program

Sec. 20. When filing a loan enrollment form, the lender may specify an amount to be covered under the program. The amount may be less than the total amount of the loan.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-21 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-21. Refinancing

Sec. 21. (a) In the case of a loan to refinance a loan previously made to the borrower by the lender that was not enrolled under the program, the lender may obtain coverage under the program for an amount not exceeding the amount of additional financing.(b) If an enrolled loan is refinanced and the total amount to be covered under the program does not exceed the covered amount of the loan as previously enrolled, the refinanced loan may continue as an enrolled loan without payment of additional premium charges or transfers by the corporation to the reserve fund.(c) If an enrolled loan is refinanced in an amount exceeding the amount of the loan as previously enrolled, the lender may obtain coverage of the amount of the refinanced loan that exceeds the amount covered when the loan was previously enrolled by refiling the loan for enrollment under section 18 of this chapter.(d) Fluctuations in the outstanding balance of a line of credit, without increasing the enrolled amount under the program, are not a refinancing of the loan.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-22 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-22. Effect of Zero Balances; Effect of Recovery Under the Bankruptcy Laws

Sec. 22. (a) If the outstanding balance of an enrolled loan that is not a line of credit is reduced to zero (0), the loan is no longer an enrolled loan. If an enrolled loan that is a line of credit has an outstanding balance of zero (0) for a twelve (12) month period, the line of credit is no longer an enrolled loan, unless, before the expiration of the twelve (12) month period, the lender reaffirms in writing to the borrower that the line of credit will remain open and the borrower acknowledges the reaffirmation in writing.(b) Notwithstanding subsection (a), any amount recovered from a lender by a trustee in bankruptcy (or a similar representative of creditors) as a preference under 11 U.S.C. 547 remains an enrolled loan for the purpose of filing a claim against the reserve fund.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-23 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-23. Creation of Reserve Fund Accounts

Sec. 23. Upon execution of an agreement between the lender and the corporation, the corporation shall establish a reserve fund account with the lender in the name of the corporation for the purpose of receiving all required premium charges to be paid by the lender and the borrower and transfers made by the corporation under this chapter.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-24 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-24. Sufficient Funds Required

Sec. 24. The corporation may not accept loans for enrollment in the program if the corporation does not have sufficient funds to make the necessary transfer from the corporation to the reserve fund under section 25 of this chapter.As added by P.L.162-2007, SEC.24.
IN Code § 5-28-29-25 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 29. Capital Access Program|5-28-29-25. Premium Charges

Sec. 25. The lender shall determine the premium charges payable to the reserve fund by the lender and the borrower in connection with a loan filed for enrollment. The premium paid by the borrower may not be less than one percent (1%) or greater than three and one-half percent (3.5%) of the amount of the loan. The premium paid by the lender must be equal to the amount of the premium paid by the borrower. The lender may recover the cost of the lender's premium payment from the borrower in any manner on which the lender and borrower agree. When enrolling a loan, the corporation must transfer into the reserve fund from the account premium amounts determined as follows:(1) If the amount of a loan, plus the amount of loans previously enrolled by the lender, is less than two million dollars ($2,000,000), the premium amount transferred must be equal to one hundred fifty percent (150%) of the combined premiums paid into the reserve fund by the borrower and the lender for each enrolled loan.(2) If, before the enrollment of the loan, the amount of loans previously enrolled by the lender is equal to or greater than two million dollars ($2,000,000), the premium amount transferred must be equal to the combined premiums paid into the reserve fund by the borrower and the lender for each enrolled loan.(3) If the total amount of all loans previously enrolled by the lender is less than two million dollars ($2,000,000), but the enrollment of a loan will cause the total amount of all enrolled loans made by the lender to exceed two million dollars ($2,000,000), the corporation shall transfer into the reserve fund an amount equal to a percentage of the combined premiums paid into the reserve fund by the lender and the borrower. The percentage is determined as follows:STEP ONE: Multiply by one hundred fifty (150) that part of the loan that when added to the total amount of all loans previously enrolled by the lender totals two million dollars ($2,000,000).STEP TWO: Multiply the remaining balance of the loan by one hundred (100).STEP THREE: Add the STEP ONE product to the STEP TWO product.STEP FOUR: Divide the STEP THREE sum by the total amount of the loan.The corporation may transfer two (2) times the amount determined under this section to the reserve fund if the borrower is a small disadvantaged business under 13 CFR 124.1002. The corporation may transfer three (3) times the amount determined under this section to the reserve fund if the borrower is a high growth company with high skilled jobs (as defined in IC 5-28-30-4). The corporation may transfer to the reserve fund three (3) times the amount determined under this section if the borrower is a child care facility. Unless money is paid out of the reserve fund according to the specific terms of this chapter, all money paid into the reserve account by the lender must remain in that account.As added by P.L.162-2007, SEC.24. Amended by P.L.146-2018, SEC.19.