Sec. 7. The corporation may not make a grant from state appropriated funds to a county or municipality under this chapter unless the county or municipality agrees to lend to the new or expanding business an amount greater than or equal to the state grant.
As added by P.L.4-2005, SEC.34.
Structure Indiana Code
Title 5. State and Local Administration
Article 28. Indiana Economic Development Corporation
Chapter 24. Investment Incentive Program
5-28-24-2. Establishment by Corporation; Purpose
5-28-24-3. Award of Grants and Loans to Counties and Municipalities; Criteria
5-28-24-5. Powers of Corporation
5-28-24-6. Use of Repayment Proceeds; Corporation Approval
5-28-24-7. Grants From State Appropriated Funds
5-28-24-9. Establishment and Purpose of Investment Incentive Fund; Administration