The authority may make loans or provide other financial assistance from the fund to or for the benefit of a participant under the following conditions:

1. (1) The loan or other financial assistance must be used:

   1. (A) for:

      1. (i) planning, designing, constructing, renovating, improving, or expanding wastewater collection and treatment systems;
      2. (ii) any purpose eligible for assistance under the Clean Water Act; and
      3. (iii) other activities necessary or convenient to complete these tasks;

   2. (B) to:

      1. (i) establish guaranties, reserves, or sinking funds, including guaranties, reserves, or sinking funds to secure and pay, in whole or in part, loans or other financial assistance made from sources other than the fund (including financial institutions) for a purpose permitted by clause (A); or
      2. (ii) provide interest subsidies;
   3. (C) to pay financing charges, including interest on the loan or other financial assistance during construction and for a reasonable period after the completion of construction; or

   4. (D) to pay the following:

      1. (i) Consultant, advisory, and legal fees.
      2. (ii) Any other costs or expenses necessary or incident to the loan, other financial assistance, or the administration of the fund and the program.

2. (2) The authority shall establish the terms and conditions that the authority considers necessary or convenient to:

   1. (A) make loans; or
   2. (B) provide other financial assistance under this chapter.

3. (3) Notwithstanding any other law, the authority may establish and implement requirements that:

   1. (A) apply to loans and other financial assistance to be made to participants that are not political subdivisions; and

   2. (B) are different from, or in addition to, requirements that apply to loans and financial assistance made to political subdivisions.

      [Pre-1996 Recodification Citation: 4-23-21-8(a).]

As added by P.L.1-1996, SEC.8. Amended by P.L.126-1997, SEC.13; P.L.235-2005, SEC.137.