IC 5-1.2-15-3: Fund administration

Sec. 3. (a) In administering a fund, the authority shall do the following:

(1) Monitor applicable infrastructure finance needs and the availability and cost of capital.

(2) Provide financial management of investment pools and financial services associated with loans.

(3) Explore and evaluate capital financing techniques.

(4) Explore methods for the state to enhance the credit quality of bond issues of participants at a minimum cost to the state.

(b) The Indiana department of transportation, the department of environmental management, and any other appropriate state agency, department, or instrumentality, in consultation with the authority, shall advise participants on methods for financing infrastructure.

(c) The authority shall annually present a report to the budget committee and the budget agency that describes the projects funded under this chapter during the year.