1. (a) On May 15, 2005, all powers, duties, agreements, and liabilities of the treasurer of state, the auditor of state, the department of environmental management, and the budget agency with respect to:

   1. (1) the wastewater revolving loan program established by IC 13-18-13-1 ;
   2. (2) the drinking water revolving loan program established by IC 13-18-21-1 ; and

   3. (3) the supplemental drinking water and wastewater assistance program established by IC 13-18-21-21 ;

      are transferred to the authority, as the successor agency, for the limited purposes described in subdivisions (1) through (3).

2. (b) On May 15, 2005, all records, money, and other property of the treasurer of state, the auditor of state, the department of environmental management, and the budget agency with respect to:

   1. (1) the wastewater revolving loan program established by IC 13-18-13-1 ;
   2. (2) the drinking water revolving loan program established by IC 13-18-21-1 ; and

   3. (3) the supplemental drinking water and wastewater assistance program established by IC 13-18-21-21 ;

      are transferred to the authority as the successor agency for the limited purposes described in subdivisions (1) through (3).

3. (c) On May 15, 2005, all powers, duties, agreements, and liabilities of the Indiana bond bank, the Indiana department of environmental management, and the budget agency with respect to:

   1. (1) outstanding bonds issued for:

      1. (A) the wastewater revolving loan program established by IC 13-18-13-1 ; or
      2. (B) the drinking water revolving loan program established by IC 13-18-21-1 ; and

   2. (2) any trust agreement or indenture, security agreement, purchase agreement, or other undertaking entered into in connection with the bonds described in subdivision (1);

      are transferred to the authority, as the successor agency, for the limited purposes described in subdivisions (1) and (2). The rights of the trustee and the bondholders with respect to any bonds or any trust agreement or indenture, security agreement, purchase agreement, or other undertaking described in this subsection remain the same, although the powers, duties, agreements, and liabilities of the Indiana bond bank have been transferred to the authority and the authority shall be considered to have assumed all those powers, duties, agreements, and liabilities as if the authority were the Indiana bond bank for those limited purposes.

4. (d) On July 1, 2016, all powers, duties, agreements, and liabilities of the treasurer of state, the auditor of state, the department of natural resources, the natural resources commission, and the budget agency with respect to:

   1. (1) the flood control program established by IC 14-28-5-1 ; and

   2. (2) the flood control revolving fund created by IC 14-28-5-5 ;

      are transferred to the authority, as the successor agency, for the limited purposes described in subdivisions (1) and (2).

5. (e) On July 1, 2016, all records, money, and other property of the treasurer of state, the auditor of state, the department of natural resources, the natural resources commission, and the budget agency with respect to:

   1. (1) the flood control program established by IC 14-28-5-1 ; and

   2. (2) the flood control revolving fund created by IC 14-28-5-5 ;

      are transferred to the authority as the successor agency for the limited purposes described in subdivisions (1) and (2).

6. (f) On July 1, 2017, all powers, duties, agreements, and liabilities of the treasurer of state, the auditor of state, the budget agency, and any other state agency involved with respect to the local infrastructure revolving fund established by IC 4-10-19 are transferred to the authority, as successor agency, for the limited purposes described in IC 4-10-19 . In addition, all related records, money, and other property, with respect to the local infrastructure revolving fund established by IC 4-10-19 , shall be transferred to the authority on or before July 1, 2017.

As added by P.L.220-2011, SEC.17. Amended by P.L.111-2016, SEC.1; P.L.229-2017, SEC.2.