{"data":{"id":"us-in/ic-5-1.2-15-4","jurisdiction":"us-in","citation":"IC 5-1.2-15-4","heading":"Powers","body":"Sec. 4. Subject to the written procedures developed by the authority under section 7 of this chapter, the authority may do the following:\n(1) Accept money from any agency, department, or instrumentality of the United States, the state, or another state for deposit in a fund.\n(2) Issue bonds and deposit proceeds in a fund.\n(3) Loan money to a participant.\n(4) Use the money in a fund:\n(A) for debt financing;\n(B) for grants;\n(C) for loan guarantees;\n(D) to manage leveraged loan programs for new construction of local transportation infrastructure projects through recapitalization of funds;\n(E) to refinance and purchase participant debt;\n(F) to guarantee participant loans;\n(G) to make bond and debt service reserve insurance payments;\n(H) to guarantee debt service reserve funds; and\n(I) to provide other financial assistance;\nto or for a participant.\n(5) Deposit loan repayments by a participant in a fund.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1.2. INDIANA FINANCE AUTHORITY","Chapter 15. Local Transportation Infrastructure Program"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1.2-15-4","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"9883e0ed786640c648d60641c0e7d33374b367f27ded3facc1ed4514d9877b16","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1.2-15-3","next":"us-in/ic-5-1.2-15-5"},"notice":"GroundRules: Original legal text. Not legal advice."}