{"data":{"id":"us-in/ic-5-1.2-15.5-20","jurisdiction":"us-in","citation":"IC 5-1.2-15.5-20","heading":"Alternative of providing leveraged loan program","body":"Sec. 20. (a) As an alternative to making loans to participants, the authority may use the money in the fund to provide a leveraged loan program to or for the benefit of participants, including using money in the fund to enhance the obligations of participants issued for the purposes of this chapter by:\n(1) granting money to:\n(A) be deposited in:\n(i) a capital fund or reserve fund established under IC 5-1.2-4 or another statute or a trust agreement or indenture as contemplated by this chapter; or\n(ii) an account established within a fund described in item (i); or\n(B) provide interest subsidies;\n(2) paying bond insurance premiums, reserve insurance premiums, or credit enhancement, liquidity support, remarketing, or conversion fees, or other similar fees or costs for obligations of a participant or for bonds issued by the authority, if credit market access is improved or interest rates are reduced; or\n(3) guaranteeing all or a part of obligations issued by participants or bonds issued by the authority.\n(b) A guarantee of obligations or bonds under subsection (a)(3) must be limited to money in the fund. A guarantee under subsection (a)(3) does not create a liability or indebtedness of the state.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1.2. INDIANA FINANCE AUTHORITY","Chapter 15.5. Residential Housing Infrastructure Assistance Program"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1.2-15.5-20","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"3716ad06d98bf3f3e06b647e0fe7c27916971e532884830e99e619679089e72e","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1.2-15.5-19","next":"us-in/ic-5-1.2-15.5-21"},"notice":"GroundRules: Original legal text. Not legal advice."}