Indiana Administrative Code Title 135 - INDIANA FINANCE AUTHORITY
Indiana Administrative Code – Title 135: Indiana Finance Authority (IFA)
Title 135 of the Indiana Administrative Code (IAC) governs the Indiana Finance Authority (IFA), a state-level entity responsible for providing financial assistance, funding mechanisms, and project oversight for various infrastructure and public works initiatives in Indiana.
🔍 What is the Indiana Finance Authority (IFA)?
The IFA was created to:
Finance and manage state and local infrastructure projects.
Oversee public-private partnerships (P3s).
Administer programs related to water infrastructure, wastewater, transportation, energy, and economic development.
The IFA may issue bonds, approve loan programs, and operate grant programs in support of its mission.
📘 Key Functions Regulated under Title 135:
Financing Programs
Establishes rules for issuing state and municipal bonds.
Sets terms for loan and grant programs to local units of government and utilities.
Water Infrastructure Assistance
Administers the State Revolving Fund (SRF) programs for drinking water and wastewater.
Provides low-interest loans for infrastructure upgrades.
Public-Private Partnerships (P3)
Outlines procedures and approval processes for P3 projects.
Sets standards for procurement, project selection, and risk-sharing.
Energy Efficiency and Environmental Projects
Supports energy-saving initiatives through funding and technical assistance.
May involve performance contracts and environmental stewardship agreements.
Administrative Procedures
Governs how the Authority conducts meetings, adopts policies, and handles appeals or disputes.
Includes rules on transparency, reporting, and compliance.
🧾 Possible Structure of Title 135 IAC:
Although the full chapter breakdown may vary, it typically includes:
135 IAC 1 – General Provisions
135 IAC 2 – State Revolving Fund Programs
135 IAC 3 – Bond and Loan Issuance Procedures
135 IAC 4 – Public-Private Partnership Rules
135 IAC 5 – Energy and Environmental Programs
✅ Example Use Cases:
A city applies for a loan through the Drinking Water SRF program – Title 135 would specify eligibility, application processes, and repayment terms.
A highway project proposed as a public-private partnership – Title 135 provides the legal framework for P3 development.
A school corporation seeks funding for energy efficiency upgrades – the IFA can provide financing under Title 135 rules.
RELATED Blog
0 comments