Indiana Code 5-20-1-4.7. Required assessment and determination by authority; reporting
Current as of: 2023 | Check for updates
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Sec. 4.7. (a) The authority shall do the following:
(2) Determine possible funding mechanisms for financing new assisted living communities for low income and middle income individuals in counties with a population of less than fifty thousand (50,000).
(1) Assess the feasibility of the development of new assisted living communities for low income and middle income individuals.
Terms Used In Indiana Code 5-20-1-4.7
- Assisted: means , with respect to a loan:
Indiana Code 5-20-1-2
- Authority: means the Indiana housing and community development authority created by section 3 of this chapter. See Indiana Code 5-20-1-2
- Population: has the meaning set forth in Ind. See Indiana Code 1-1-4-5
(b) Not later than November 1, 2023, the authority shall deliver in an electronic format under IC 5-14-6 a summary of the authority’s assessments and determinations under subsection (a) to the executive director of the legislative services agency for distribution to the members of the general assembly.
(c) This section expires December 31, 2023.
As added by P.L.149-2023, SEC.3.