IC 8-15.7-8-1 Acts by authority or department concerning federal, state, or local
credit assistance
Sec. 1. The authority or the department may do any combination
of applying for, executing, or endorsing applications submitted by
private entities to obtain federal, state, or local credit assistance for
qualifying projects developed, financed, or operated under this
article, including grants, loans, lines of credit, and guarantees. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-2 Acts by authority or department concerning federal, state, or local
assistance; contracts
Sec. 2. The authority or the department may take any action
authorized by this article to obtain federal, state, or local assistance
for a qualifying project that serves the public purpose of this article
and may enter into any contracts required to receive the assistance. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-3 Grants or loans by authority or department from amounts received
from governmental entities
Sec. 3. The authority or the department may agree to make grants
or loans for any combination of the development, financing, or
operation of a qualifying project from amounts received from the
federal, state, or local government or any agency or instrumentality
of the federal, state, or local government. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-4 Financing terms determined by public-private agreement
Sec. 4. The financing of a qualifying project may be in the
amounts and upon the terms and conditions that are determined by
the parties to the public-private agreement. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-5 Powers of operator, authority, and department to finance
qualifying project
Sec. 5. For the purpose of financing a qualifying project, the
operator and the authority or the department may do the following:
(1) Propose to use all or part of the revenues available to them.
(2) Enter into grant agreements.
(3) Access any designated transportation trust funds.
(4) Access any other funds available to the authority or the
department and the operator.
(5) Accept grants from the authority, the ports of Indiana, any
other state infrastructure bank, or any other agency or entity. As added by P.L.47-2006, SEC.40. Amended by P.L.98-2008,
SEC.50.
IC 8-15.7-8-6 Powers of authority to finance qualifying project
Sec. 6. (a) For the purpose of financing a qualifying project, the
authority may enter into agreements, leases, or subleases with the
department or an operator, or both, and do the following:
(1) Issue bonds, debt, or other obligations under IC 4-4-11,
IC 8-15-2, or IC 8-15.7-9.
(2) Enter into loan agreements or other credit facilities.
(3) Secure any financing with a pledge of, security interest in,
or lien on all or part of a property subject to the agreement,
including all of the party's property interests in the qualifying
project.
(4) Subject to review by the budget committee established in
IC 4-12-1-3 and approval by the budget director appointed
under IC 4-12-1-3:
(A) establish a procedure for the authority or a person acting
on behalf of the authority to certify to the general assembly
the amount needed to pay costs incurred under a
public-private agreement; or
(B) otherwise create a moral obligation of the state to pay all
or part of any costs incurred by the authority under a
public-private agreement.
(b) The department and an operator may transfer any interest in
property that the department or operator has to the authority to secure
the financing. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-7 Use of public funds to finance qualifying project
Sec. 7. Public funds may be used for the purpose of financing a
qualifying project and may be mixed and aggregated with funds
provided by or on behalf of the operator or other private entities. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-8 Use of private activity bonds to finance qualifying project
Sec. 8. For the purpose of financing a qualifying project, the
authority and the operator may apply for, obtain, issue, and use
private activity bonds available under any federal law or program. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-9 Debt issued for qualifying project not a debt or pledge of the state
or a political subdivision
Sec. 9. Any bonds, debt, other securities, or other financing issued
for the purposes of this article shall not be considered to constitute
a debt of the state or any political subdivision of the state or a pledge
of the faith and credit of the state or any political subdivision. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-1 Acts by authority or department concerning federal, state, or local
credit assistance
Sec. 1. The authority or the department may do any combination
of applying for, executing, or endorsing applications submitted by
private entities to obtain federal, state, or local credit assistance for
qualifying projects developed, financed, or operated under this
article, including grants, loans, lines of credit, and guarantees. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-2 Acts by authority or department concerning federal, state, or local
assistance; contracts
Sec. 2. The authority or the department may take any action
authorized by this article to obtain federal, state, or local assistance
for a qualifying project that serves the public purpose of this article
and may enter into any contracts required to receive the assistance. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-3 Grants or loans by authority or department from amounts received
from governmental entities
Sec. 3. The authority or the department may agree to make grants
or loans for any combination of the development, financing, or
operation of a qualifying project from amounts received from the
federal, state, or local government or any agency or instrumentality
of the federal, state, or local government. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-4 Financing terms determined by public-private agreement
Sec. 4. The financing of a qualifying project may be in the
amounts and upon the terms and conditions that are determined by
the parties to the public-private agreement. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-5 Powers of operator, authority, and department to finance
qualifying project
Sec. 5. For the purpose of financing a qualifying project, the
operator and the authority or the department may do the following:
(1) Propose to use all or part of the revenues available to them.
(2) Enter into grant agreements.
(3) Access any designated transportation trust funds.
(4) Access any other funds available to the authority or the
department and the operator.
(5) Accept grants from the authority, the ports of Indiana, any
other state infrastructure bank, or any other agency or entity. As added by P.L.47-2006, SEC.40. Amended by P.L.98-2008,
SEC.50.
IC 8-15.7-8-6 Powers of authority to finance qualifying project
Sec. 6. (a) For the purpose of financing a qualifying project, the
authority may enter into agreements, leases, or subleases with the
department or an operator, or both, and do the following:
(1) Issue bonds, debt, or other obligations under IC 4-4-11,
IC 8-15-2, or IC 8-15.7-9.
(2) Enter into loan agreements or other credit facilities.
(3) Secure any financing with a pledge of, security interest in,
or lien on all or part of a property subject to the agreement,
including all of the party's property interests in the qualifying
project.
(4) Subject to review by the budget committee established in
IC 4-12-1-3 and approval by the budget director appointed
under IC 4-12-1-3:
(A) establish a procedure for the authority or a person acting
on behalf of the authority to certify to the general assembly
the amount needed to pay costs incurred under a
public-private agreement; or
(B) otherwise create a moral obligation of the state to pay all
or part of any costs incurred by the authority under a
public-private agreement.
(b) The department and an operator may transfer any interest in
property that the department or operator has to the authority to secure
the financing. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-7 Use of public funds to finance qualifying project
Sec. 7. Public funds may be used for the purpose of financing a
qualifying project and may be mixed and aggregated with funds
provided by or on behalf of the operator or other private entities. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-8 Use of private activity bonds to finance qualifying project
Sec. 8. For the purpose of financing a qualifying project, the
authority and the operator may apply for, obtain, issue, and use
private activity bonds available under any federal law or program. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-9 Debt issued for qualifying project not a debt or pledge of the state
or a political subdivision
Sec. 9. Any bonds, debt, other securities, or other financing issued
for the purposes of this article shall not be considered to constitute
a debt of the state or any political subdivision of the state or a pledge
of the faith and credit of the state or any political subdivision. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-1 Acts by authority or department concerning federal, state, or local
credit assistance
Sec. 1. The authority or the department may do any combination
of applying for, executing, or endorsing applications submitted by
private entities to obtain federal, state, or local credit assistance for
qualifying projects developed, financed, or operated under this
article, including grants, loans, lines of credit, and guarantees. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-2 Acts by authority or department concerning federal, state, or local
assistance; contracts
Sec. 2. The authority or the department may take any action
authorized by this article to obtain federal, state, or local assistance
for a qualifying project that serves the public purpose of this article
and may enter into any contracts required to receive the assistance. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-3 Grants or loans by authority or department from amounts received
from governmental entities
Sec. 3. The authority or the department may agree to make grants
or loans for any combination of the development, financing, or
operation of a qualifying project from amounts received from the
federal, state, or local government or any agency or instrumentality
of the federal, state, or local government. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-4 Financing terms determined by public-private agreement
Sec. 4. The financing of a qualifying project may be in the
amounts and upon the terms and conditions that are determined by
the parties to the public-private agreement. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-5 Powers of operator, authority, and department to finance
qualifying project
Sec. 5. For the purpose of financing a qualifying project, the
operator and the authority or the department may do the following:
(1) Propose to use all or part of the revenues available to them.
(2) Enter into grant agreements.
(3) Access any designated transportation trust funds.
(4) Access any other funds available to the authority or the
department and the operator.
(5) Accept grants from the authority, the ports of Indiana, any
other state infrastructure bank, or any other agency or entity. As added by P.L.47-2006, SEC.40. Amended by P.L.98-2008,
SEC.50.
IC 8-15.7-8-6 Powers of authority to finance qualifying project
Sec. 6. (a) For the purpose of financing a qualifying project, the
authority may enter into agreements, leases, or subleases with the
department or an operator, or both, and do the following:
(1) Issue bonds, debt, or other obligations under IC 4-4-11,
IC 8-15-2, or IC 8-15.7-9.
(2) Enter into loan agreements or other credit facilities.
(3) Secure any financing with a pledge of, security interest in,
or lien on all or part of a property subject to the agreement,
including all of the party's property interests in the qualifying
project.
(4) Subject to review by the budget committee established in
IC 4-12-1-3 and approval by the budget director appointed
under IC 4-12-1-3:
(A) establish a procedure for the authority or a person acting
on behalf of the authority to certify to the general assembly
the amount needed to pay costs incurred under a
public-private agreement; or
(B) otherwise create a moral obligation of the state to pay all
or part of any costs incurred by the authority under a
public-private agreement.
(b) The department and an operator may transfer any interest in
property that the department or operator has to the authority to secure
the financing. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-7 Use of public funds to finance qualifying project
Sec. 7. Public funds may be used for the purpose of financing a
qualifying project and may be mixed and aggregated with funds
provided by or on behalf of the operator or other private entities. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-8 Use of private activity bonds to finance qualifying project
Sec. 8. For the purpose of financing a qualifying project, the
authority and the operator may apply for, obtain, issue, and use
private activity bonds available under any federal law or program. As added by P.L.47-2006, SEC.40.
IC 8-15.7-8-9 Debt issued for qualifying project not a debt or pledge of the state
or a political subdivision
Sec. 9. Any bonds, debt, other securities, or other financing issued
for the purposes of this article shall not be considered to constitute
a debt of the state or any political subdivision of the state or a pledge
of the faith and credit of the state or any political subdivision. As added by P.L.47-2006, SEC.40.
