Subject to the written procedures developed by the authority under section 7 of this chapter, the authority may do the following:(1) Accept money from any agency, department, or instrumentality of the United States, the state, or another state for deposit in a fund.(2) Issue bonds and deposit proceeds in a fund.(3) Loan money to a participant.(4) Use the money in a fund:(A) for debt financing;(B) for grants;(C) for loan guarantees;(D) to manage leveraged loan programs for new construction of local transportation infrastructure projects through recapitalization of funds;(E) to refinance and purchase participant debt;(F) to guarantee participant loans;(G) to make bond and debt service reserve insurance payments;(H) to guarantee debt service reserve funds; and(I) to provide other financial assistance;to or for a participant.(5) Deposit loan repayments by a participant in a fund.As added by P.L.189-2018, SEC.25.
Indiana Legal Code