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EXHIBIT B <br />Form of Financial Assistance Agreement <br />STATE OF INDIANA <br />DRINKING WATER REVOLVING LOAN PROGRAM <br />FINANCIAL ASSISTANCE AGREEMENT dated as of this [ day of <br />20 1 by and between the Indiana Finance Authority(the"Finance Authority"),a body politic and <br />corporate, not a state agency but an independent instrumentality of the State of Indiana (the <br />State")and the City of South Bend, Indiana(the"Participant"), a political subdivision as defined <br />in I.C. 5-1.2-2-57, operating its water utility under I.C. 8-1.5, witnesseth: <br />WHEREAS, the State's Drinking Water Revolving Loan Program (the "Drinking Water <br />SRF Program") has been established in accordance with the federal Safe Drinking Water Act and <br />any regulations promulgated thereunder, and pursuant to I.C. 5-1.2-10 (the "Drinking Water SRF <br />Act"),which Drinking Water SRF Act also establishes the drinking water revolving loan fund(the <br />Drinking Water SRF Fund"); and <br />WHEREAS,pursuant to the Drinking Water SRF Act,the State was authorized to fund the <br />Drinking Water SRF Program with federal capitalization grants, together with required state <br />matching funds therefor, and to operate the Drinking Water SRF Program, and prior to May 15, <br />2005 so funded and operated the Drinking Water SRF Program; and <br />WHEREAS, pursuant to Public Law 235 - 2005, by operation of law and effective May <br />15, 2005, the Finance Authority has become the successor to the State in all matters related to the <br />Drinking Water SRF Program (including use and acceptance of federal capitalization grants and <br />required state matching funds and operation of the Drinking Water SRF Program); and <br />WHEREAS, the Participant is a duly existing political subdivision of the State, lawfully <br />empowered to undertake all transactions and execute all documents mentioned or contemplated <br />herein; and <br />WHEREAS,the Participant has previously entered into a Financial Assistance Agreement <br />with the Finance Authority, dated as of September 1, 2009, to borrow money from the Drinking <br />Water SRF Program, to construct and acquire separate projects as described and defined therein <br />the"Prior Agreement");and <br />WHEREAS, the Participant has determined to undertake a drinking water system project <br />as more fully described herein,the"Project")and to borrow money from the Drinking Water SRF <br />Program to construct and acquire the Project; and <br />WHEREAS,the Finance Authority and the Participant desire to set forth the terms of such <br />financial assistance as hereinafter provided; and <br />B-1