Sec. 4. Subject to the written procedures developed by the authority under section 7 of this chapter, the authority may do the following:

(1) Accept money from any agency, department, or instrumentality of the United States, the state, or another state for deposit in a fund.

(2) Issue bonds and deposit proceeds in a fund.

(3) Loan money to a participant.

(4) Use the money in a fund:

(A) for debt financing;

(B) for grants;

(C) for loan guarantees;

(D) to manage leveraged loan programs for new construction of local transportation infrastructure projects through recapitalization of funds;

(E) to refinance and purchase participant debt;

(F) to guarantee participant loans;

(G) to make bond and debt service reserve insurance payments;

(H) to guarantee debt service reserve funds; and

(I) to provide other financial assistance;

to or for a participant.

(5) Deposit loan repayments by a participant in a fund.

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