Those categories are as follows:(1) Bonds issued by the authority.(2) Bonds issued by the IHCDA.(3) Bonds issued by the ISMEL.(4) Bonds issued by local units or any other issuers not specifically referred to in this section whose bonds are or may become subject to the volume cap for projects described in:(A) Division A - Agricultural, Forestry, and Fishing;(B) Division B - Mining;(C) Division C - Construction;(D) Division D - Manufacturing;(E) Division E - Transportation; and(F) Division F - Wholesale Trade;of the SIC Manual (or corresponding sector in the NAICS Manual), and any projects described in Section 142(a)(3), 142(a)(4), 142(a)(5), 142(a)(6), 142(a)(8), 142(a)(9), or 142(a)(10) of the Internal Revenue Code.(5) Bonds issued by local units or any other issuers not specifically referred to in this section whose bonds are or may become subject to the volume cap for projects described in:(A) Division G - Retail Trade;(B) Division H - Finance, Insurance, and Real Estate;(C) Division I - Services;(D) Division J - Public Administration; and(E) Division K me cap for projects described in:(A) Division G - Retail Trade;(B) Division H - Finance, Insurance, and Real Estate;(C) Division I - Services;(D) Division J - Public Administration; and(E) Division K - Miscellaneous;of the SIC Manual (or corresponding sector in the NAICS Manual), and any projects described in Section 142(a)(7) or 144(c) of the Internal Revenue Code.(b) For purposes of determining the SIC category of a facility, the determination shall be based upon the type of activity engaged in by the user of the facility within the facility in question, rather than upon the ultimate enterprise in which the developer or user of the facility is engaged.As added by P.L.189-2018, SEC.25.
Indiana Legal Code