1. (a) A loan of proceeds of the authority's bonds or a loan or other financial assistance from a fund must be used by a participant to establish or improve only the following infrastructure needs:

   1. (1) Wastewater treatment projects, sewer systems, and drinking water systems, and extending water lines and installing hydrants for fire protection.
   2. (2) Cargo, reliever, and general aviation airports, as classified by the Federal Aviation Administration on January 1, 1996.
   3. (3) Juvenile detention centers.
   4. (4) Infrastructure or local public improvements needed for the rehabilitation, redevelopment, economic development, and reuse of military base property acquired from the federal government by a reuse authority established under IC 36-7-30 or a redevelopment authority operating under IC 36-7-14.5-12.5 .
   5. (5) Highways, roads, streets, bridges or any other public way, and public mass transportation systems.
2. (b) Financial assistance from the fund must be made in conjunction with the adoption of a resolution by a participant that sets forth the participant's commitment of revenues or other money or property to the infrastructure project for which the financial assistance is made.

As added by P.L.13-1996, SEC.1. Amended by P.L.229-2017, SEC.20.