Sec. 10. (a) Not more than eight hundred (800) accounts may be established in the state each state fiscal year beginning before July 1, 2009.
(b) Not more than one thousand (1,000) accounts may be established in the state each state fiscal year beginning after June 30, 2009.
(c) A community development corporation shall use money that is in an individual development account fund established under section 13 of this chapter to allow a qualified individual on a waiting list maintained by the community development corporation to establish an account.
As added by P.L.15-1997, SEC.1. Amended by P.L.289-2001, SEC.7; P.L.150-2007, SEC.3.
Structure Indiana Code
Title 4. State Offices and Administration
Article 4. Lieutenant Governor
Chapter 28. Individual Development Accounts
4-4-28-2. "Community Development Corporation"
4-4-28-3. "Financial Institution"
4-4-28-5. "Individual Development Account"
4-4-28-6. "Qualifying Individual"
4-4-28-7. Establishing Account; Beneficiaries; Residency
4-4-28-8. Community Development Corporation Duties
4-4-28-10. Number of Accounts Limited
4-4-28-12. Deposits to Accounts; Matching Contributions; Use of Federal Block Grant Money
4-4-28-13. Individual Development Account Fund; Tax Credits
4-4-28-14. Interest; Taxes; Fees
4-4-28-15. Withdrawal of Money From Account; Appeal of Denial
4-4-28-16. Account Withdrawal; Purposes; Approval
4-4-28-17. Money in Account Not Considered Assets