Senate Bill 0327
DIGEST OF SB327 (Updated March 3, 2003 4:59 PM - DI 84)
Environmental assistance authority. Establishes the environmental assistance authority to administer the wastewater revolving loan program, the drinking water revolving loan program, and the supplemental drinking water and wastewater assistance fund and program. Transfers powers and duties of the agencies that currently administer those programs to the authority. Provides that bonds or obligations issued by the authority before January 1, 2006, must be sold to the Indiana bond bank. Adds the authority to the list of qualified entities that may enter into financing arrangements with the Indiana bond bank. Requires the authority to enter into memoranda of understanding with the Indiana department of environmental management regarding periodic inspections of project design and construction. Expands the definition of "participant" for purposes of the wastewater revolving loan fund and program to include entities permitted by law to enter into contractual arrangements for a purpose eligible for assistance under the federal Clean Water Act (in addition to political subdivisions). Makes conforming changes. Repeals provisions concerning certain duties with respect to the administration of the programs and funds that are transferred to the authority.
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