Sec. 11. (a) Subject to subsection (b) and section 13 of this chapter, the office shall determine the amount of each grant awarded under this chapter.
(b) The amount of a grant awarded under this chapter for a location may not exceed the lesser of the following:
(1) The amount of the grant recipient's qualified investment for the location.
(2) Twenty thousand dollars ($20,000).
(c) The amount of a grant awarded under this chapter for a location may be less than the amount of the grant recipient's qualified investment for the location.
As added by P.L.151-2009, SEC.1.
Structure Indiana Code
Title 4. State Offices and Administration
Article 4. Lieutenant Governor
Chapter 32.2. Alternative Fuel Fueling Station Grant Program
4-4-32.2-1. "Alternative Fuel"
4-4-32.2-2. "Alternative Fuel Compatible"
4-4-32.2-8. "Qualified Investment"
4-4-32.2-11. Office Determines Amount of Grant; Limit on Amount
4-4-32.2-12. Administrative Responsibilities of the Office
4-4-32.2-13. Limit on Total Grants Awarded for All Fiscal Years
4-4-32.2-15. Grant Not Subject to State Adjusted Gross Income Tax
4-4-32.2-16. Grant Does Not Reduce Basis of Qualified Property