Sec. 4. Subject to the written procedures developed by the authority under section 7 of this chapter, the authority may do the following: (1) Accept money from any agency, department, or instrumentality of the United States, the state, or another state for deposit in a fund. (2) Issue bonds and deposit proceeds in a fund. (3) Loan money to a participant. (4) Use the money in a fund: (A) for debt financing; (B) for grants; (C) for loan guarantees; (D) to manage leveraged loan programs for new construction of local transportation infrastructure projects through recapitalization of funds; (E) to refinance and purchase participant debt; (F) to guarantee participant loans; (G) to make bond and debt service reserve insurance payments; (H) to guarantee debt service reserve funds; and (I) to provide other financial assistance; to or for a participant. (5) Deposit loan repayments by a participant in a fund.
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