Sec. 7. (a) The department shall determine the allocation of grant funds among eligible applicants. However, the total amount of grants under this chapter may not exceed the balance in the grant fund.
(b) The budget agency shall certify to the department, the auditor of state, and the treasurer of state that funds are available for a specific grant under subsection (a). Upon receipt of the certification from the budget agency, the funds shall be transmitted to the grant recipient.
As added by P.L.34-1990, SEC.2.
Structure Indiana Code
Title 8. Utilities and Transportation
Chapter 11. Airport Development Program
8-21-11-2. "Grant Fund" Defined
8-21-11-3. "Loan Fund" Defined
8-21-11-4. Grant Fund; Revolving Loan Fund; Administration
8-21-11-5. Program to Foster Airport Development; Components; Rules
8-21-11-6. Eligibility for Grant or Loan
8-21-11-7. Allocation of Grant Funds
8-21-11-8. Allocation of Loan Funds; Maximum Amount
8-21-11-10. Repayment of Loans; Source
8-21-11-11. Default on Loan Repayments; Withholding of State Funds Payable to Recipient