Section 5-1.2-14.5-5 - Allocation of grants, loans, and other financial assistance; uses; conditions(a) The authority shall adopt guidelines to establish criteria for the making of grants, loans (including parameters for establishing interest rates, if any, on such loans), and other financial assistance from the water infrastructure grant fund.(b) The making of grants, the making of loans, and the providing of other financial assistance from the water infrastructure grant fund to or for the benefit of participants under this chapter are subject to the following conditions: (1) A grant, loan, or other financial assistance may be used:(A) for: (i) the planning, designing, acquiring, constructing, renovating, improving, or expanding of water systems; and(ii) other activities necessary or convenient to the completion of the tasks referred to in item (i); or(B) to pay the following:(i) Consultant, advisory, and legal fees.(ii) Other costs or expenses necessary or incident to the making of grants, loans, or other financial assistance or the administration of the fund or the program.(2) A grant may be used for tasks associated with the development and preparation of water infrastructure and resource analyses.(3) The authority must establish the terms and conditions that the authority considers necessary or convenient to the making of grants or loans or the providing of other financial assistance under this chapter.(c) In addition to exercising the authority's powers under subsection (b), the authority may also make grants, make loans, or provide other financial assistance from the fund to or for the benefit of a participant under the following conditions:(1) A grant, loan, or other financial assistance may be used:(A) for planning, designing, acquiring, constructing, renovating, improving, or expanding wastewater or storm water collection and treatment systems or for any eligible activity (as defined in IC 5-1.2-2-23), and for other activities necessary or convenient to the completion of these tasks; or(B) to pay: (i) consultant, advisory, and legal fees; and(ii) other costs or expenses necessary or incident to the grant, loan, or other financial assistance or the administration of the water infrastructure grant fund or the infrastructure program.(2) A grant may be used for tasks associated with the development and preparation of: (A) long term control plans;(B) use attainability analyses;(C) storm water management programs; or(D) other wastewater or storm water infrastructure and resource analyses.(3) The authority must establish the terms and conditions that the authority considers necessary or convenient to the making of grants, the making of loans, or the providing of other financial assistance under this chapter.Added by P.L. 154-2021,SEC. 8, eff. 4/29/2021.