5-1.2-14-9. Selling of loans

IN Code § 5-1.2-14-9 (2019) (N/A)
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Sec. 9. (a) The authority may sell loans, evidences of other financial assistance, and other obligations evidencing the loans or other financial assistance from the water infrastructure assistance fund:

(1) periodically;

(2) at any price; and

(3) on terms acceptable to the authority.

(b) Proceeds of sales under subsection (a) shall be deposited in:

(1) the water infrastructure assistance fund;

(2) the wastewater revolving loan fund established by IC 5-1.2-10;

(3) the drinking water revolving loan fund established by IC 5-1.2-10; or

(4) the supplemental drinking water and wastewater assistance fund established by IC 5-1.2-11;

at the direction of the authority.

As added by P.L.189-2018, SEC.25.