IC 5-1.2-14-9: Selling of loans

Sec. 9. (a) The authority may sell loans, evidences of other financial assistance, and other obligations evidencing the loans or other financial assistance from the water infrastructure assistance fund:

(1) periodically;

(2) at any price; and

(3) on terms acceptable to the authority.

(b) Proceeds of sales under subsection (a) shall be deposited in:

(1) the water infrastructure assistance fund;

(2) the wastewater revolving loan fund established by IC 5-1.2-10;

(3) the drinking water revolving loan fund established by IC 5-1.2-10; or

(4) the supplemental drinking water and wastewater assistance fund established by IC 5-1.2-11;

at the direction of the authority.