Indiana Code 5-1.2-15.5-10. Allocation of loans
Current as of: 2024 | Check for updates
|
Other versions
Sec. 10. Loans from the fund must be allocated and made available to participants as follows:
(2) Thirty percent (30%) of the money in the fund must be used for housing infrastructure in all other political subdivisions not described in subdivision (1).
(1) Seventy percent (70%) of the money in the fund must be used for housing infrastructure benefitting political subdivisions with a population of less than fifty thousand (50,000).
Terms Used In Indiana Code 5-1.2-15.5-10
- fund: refers to the residential housing infrastructure assistance revolving fund established by section 9 of this chapter. See Indiana Code 5-1.2-15.5-3
- housing infrastructure: means the installation, replacement, upgrade, or improvement of public infrastructure for the support of residential housing. See Indiana Code 5-1.2-15.5-4
- Population: has the meaning set forth in Indiana Code 1-1-4-5
As added by P.L.204-2023, SEC.5. Amended by P.L.90-2024, SEC.2.