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Ind. Code § 5-1.2-15.5-10

Allocation of loans

As added by P.L.204-2023, SEC.5

Sec. 10. Loans from the fund must be allocated and made available to participants as follows:

(1) Seventy percent (70%) of the money in the fund must be used for housing infrastructure benefitting political subdivisions with a population of less than fifty thousand (50,000).

(2) Thirty percent (30%) of the money in the fund must be used for housing infrastructure in all other political subdivisions not described in subdivision (1).

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.