(a) As used in this section, "transferred programs" refers to the following:
- (1) Shovel ready site development center under IC 5-28-28.4 , as added by P.L.162-2007 ( IC 4-4-11-44 before its repeal).
- (2) Capital access program under IC 5-28-29 , as added by P.L.162-2007 ( IC 4-4-26 before its repeal).
- (3) Industrial development loan guaranty program under IC 5-28-30 , as added by P.L.162-2007 ( IC 4-4-11-16 before its repeal).
- (4) Agricultural loan and rural development project guarantee fund under IC 5-28-31 , as added by P.L.162-2007 ( IC 15-7-5-19.5 before its repeal).
- (5) Business development loan fund under IC 5-28-32 , as added by P.L.162-2007 ( IC 4-4-11-16.5 before its repeal).
- (b) On July 1, 2007, all powers, duties, and liabilities of the Indiana finance authority with respect to the transferred programs are transferred to the corporation.
- (c) On July 1, 2007, all records and property of the Indiana finance authority with respect to the transferred programs, including appropriations and other funds under the authority's control or supervision, are transferred to the corporation.
- (d) After June 30, 2007, any amounts owed to the Indiana finance authority under the transferred programs before July 1, 2007, are considered to be owed to the corporation.
- (e) After June 30, 2007, a reference to the Indiana finance authority in a statute, rule, or other document concerning a transferred program is considered a reference to the corporation unless the reference applies to the issuance of obligations.
- (f) On July 1, 2007, all powers, duties, and liabilities of the Indiana finance authority with respect to agreements entered into or obligations issued in connection with a transferred program are transferred to the corporation. The rights of a party to such an agreement or the holder of such an obligation remain unchanged, although the powers, duties, and liabilities described in this subsection have been transferred to the corporation.
As added by P.L.220-2011, SEC.106.