Section 5-1.2-11-6 - Uses of money in supplemental fund Money in the supplemental fund may be used to do the following:
(1) Provide grants, loans, or other financial assistance to or for the benefit of participants for the planning, designing, acquisition, construction, renovation, improvement, or expansion of the following:(A) A public water system, whether or not those other activities are allowed by the federal Clean Water Act or the federal Safe Drinking Water Act.(B) A wastewater or storm water collection and treatment system. The money may be used to pay for other activities necessary or convenient to complete these tasks, regardless of whether those other activities are allowed by the federal Clean Water Act or the federal Safe Drinking Water Act.
(2) Provide grants, loans, or other financial assistance to political subdivisions for tasks associated with the development and preparation of:(A) long term control plans;(B) use attainability analyses; and(C) storm water management programs.(3) Provide grants, loans, or other financial assistance to or for the benefit of participants for the planning, designing, acquisition, construction, renovation, improvement, or expansion of septic relief systems in accordance with guidelines of the authority.(4) Provide interest subsidies.(5) Establish guaranties, reserves, or sinking funds, including guaranties, reserves, or sinking funds to secure and pay, in whole or in part, loans or other financial assistance made from sources other than the supplemental fund (including financial institutions) for a purpose allowed by subdivision (1).(6) Pay financing charges, including interest on the loan or other financial assistance during construction and for a reasonable period after the completion of construction.(7) Pay the cost of administering the supplemental fund and the supplemental program.(8) Conduct all other activities that are allowed by the federal Clean Water Act or the federal Safe Drinking Water Act.Amended by P.L. 18-2022,SEC. 3, eff. 7/1/2022.Added by P.L. 189-2018,SEC. 25, eff. 7/1/2018.