Sec. 8. (a) The corporation shall receive grants allocated by a federal program for the purposes specified in section 9(c) of this chapter. Guidelines shall be prepared by the corporation enumerating the qualification procedures for receipt of grants and loans from the fund. These guidelines must be consistent with Indiana law and federal program requirements.
(b) The board, with the approval of the budget agency and the governor, shall allocate parts of the fund for the purposes specified in section 9(c) of this chapter. The corporation shall make allocations on the basis of the need of the qualified entity.
As added by P.L.4-2005, SEC.34. Amended by P.L.130-2018, SEC.14.
Structure Indiana Code
Title 5. State and Local Administration
Article 28. Indiana Economic Development Corporation
Chapter 8. Economic Development Fund
5-28-8-5. Fund Established; Purpose
5-28-8-6. Investment of Fund by Treasurer of State
5-28-8-8. Guidelines for Receipt of Grants and Loans