312 Ind. Admin. Code 25-1-57

Current through October 16, 2024

Section 312 IAC 25-1-57 - "Government-financed construction" defined

Authority: IC 14-10-2-4; IC 14-34-2-1

Affected: IC 14-34

Sec. 57.

"Government-financed construction" means construction funded at fifty percent (50%) or more by funds appropriated from a government financing agency's budget or obtained from general revenue bonds. Government financing at less than fifty percent (50%) may qualify if the construction is undertaken as an approved reclamation project under Title IV of the Federal Surface Mining Control and Reclamation Act of 1977 ( 30 U.S.C. 1201 through 30 U.S.C. 1328) and IC 14-34-19. Construction funded through:

(1) a government financing agency guarantee;

(2) insurance;

(3) a loan;

(4) funds obtained through industrial revenue bonds or their equivalent; or

(5) an in-kind payment; does not qualify as government-financed construction.

312 IAC 25-1-57

Natural Resources Commission; 312 IAC 25-1-57; filed Jun 21, 2001, 2:53 p.m.: 24 IR 3410, eff Dec 1, 2001; filed Nov 6, 2006, 8:58 a.m.: 20061206-IR-312060068FRA, eff Oct 31, 2007; readopted filed May 29, 2007, 9:51 a.m.: 20070613-IR-312070146RFA; readopted filed Sep 19, 2013, 10:12 a.m.: 20131016-IR-312130125RFA

Readopted filed 3/26/2019, 3:40 p.m.: 20190424-IR-312190011RFA