Indiana Code 5-1.2-15.5-10. Allocation of loans
Current as of: 2023 | Check for updates
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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 in municipalities 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 Ind. See Indiana Code 1-1-4-5
As added by P.L.204-2023, SEC.5.