Ind. Code § 14-27-5-2

Current through P.L. 171-2024

Section 14-27-5-2 - Application for loan

The board of directors of an association described in section 1 of this chapter may apply to the federal Farmers Home Administration, the United States Department of Housing and Urban Development, or any other agency of the federal government authorized by federal law to make loans for works of improvement for a long term or short term loan to cover the association's expenses in connection with the construction of a levee or ditch and any other required or related improvements, including the following expenses:

(1) General, legal, and administrative expenses.

(2) The acquisition of land rights.

(3) Costs of engineering.

(4) Other costs of necessary construction and maintaining and operating the works of improvement authorized by applicable governmental authority.

IC 14-27-5-2

Pre-1995 Recodification Citation: 13-2-29-1(a) part.

As added by P.L. 1-1995, SEC.20.