Sec. 11. An industry collaboration organization may accept a contribution of stock for purposes of this chapter. If an industry collaboration organization accepts stock as a contribution for purposes of this chapter, the industry collaboration organization must sell the stock and deposit the proceeds of the sale in the account described in section 9(2) of this chapter not later than ten (10) days after the date of the contribution of the stock.
As added by P.L.143-2019, SEC.29.
Structure Indiana Code
Article 47. Related Entities; Holding Companies; Lease Agreements
Chapter 6. Industry Collaboration Organization; Certification; Administration of Contributions
20-47-6-2. "Eligible Training Program"
20-47-6-3. "Qualifying Educational Training Program"
20-47-6-6. "Training Provider"
20-47-6-7. Qualification Requirements
20-47-6-9. Agreement Requirements
20-47-6-10. Use of Contributions
20-47-6-11. Acceptance of Contributions
20-47-6-12. Restrictions for Distribution of Grants
20-47-6-13. Reporting Requirements
20-47-6-14. Establishment of Standardized Form
20-47-6-15. Suspension or Termination of Agreement
20-47-6-16. Financial Review or Audit
20-47-6-17. Reporting to Governor's Workforce Cabinet
20-47-6-18. Reporting Student Outcomes
20-47-6-19. Support for Industry Collaboration Organizations