Indiana Code 5-1.5-6.5-1. Capital principal fund and capital interest fund; programs for qualified entities
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Sec. 1. (a) The bank shall establish and maintain:
(2) a capital interest fund, to be funded from investment earnings on the capital principal fund.
(1) a capital principal fund, to be funded from appropriations made to the fund by the general assembly and any other money that the bank transfers to the fund; and
Terms Used In Indiana Code 5-1.5-6.5-1
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(b) The bank may use the funds only for programs for qualified entities issuing securities for any of the following purposes:
(1) Sewage works.
(2) Waterworks.
(3) Parking facilities.
(4) Redevelopment projects financed with allocated property tax proceeds under IC 36-7-14-39 or IC 36-7-15.1-26.
As added by P.L.38-1988, SEC.5.