- (a) The flood control revolving fund is created to provide money for loans and financial assistance to or for the benefit of participants under this chapter. The authority shall hold the fund in the name of the authority. The authority shall administer the fund in the manner provided by IC 4-4-11 and this chapter.
- (b) Loans and financial assistance may be made from the fund to participants in the manner provided by IC 4-4-11 and this chapter.
(c) Money in the fund does not revert to the state general fund. The fund is a revolving fund to be used exclusively for the purposes of this chapter.
[Pre-1995 Recodification Citations: 13-2-23-2 part; 13-2-23-3 part.]
As added by P.L.1-1995, SEC.21. Amended by P.L.155-2015, SEC.21; P.L.111-2016, SEC.26.