Indiana § 4-12-10-6 Authorized appropriations

Indiana Statutes

§ 4-12-10-6 — Authorized appropriations

Indiana·Art. 12 APPROPRIATIONS MANAGEMENT·Ch. 10 Indiana Economic Development Partnership Fund

(a)If the Indiana economic development corporation and the budget agency approve a center, the budget agency shall allocate from available appropriations the money authorized to:

(1)subsidize construction or rehabilitation of the physical facilities; and

(2)cover operating costs, not to exceed two hundred fifty thousand dollars ($250,000) each year, until the center is self-sustaining or has identified another source of operating money or the amount appropriated for this purpose is exhausted.

(b)Operating costs may not be supported by the fund for any center for more than four (4) years.

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(a) If the Indiana economic development
corporation and the budget agency approve a center, the budget agency
shall allocate from available appropriations the money authorized to:
(1) subsidize construction or rehabilitation of the physical
facilities; and
(2) cover operating costs, not to exceed two hundred fifty
thousand dollars ($250,000) each year, until the center is
self-sustaining or has identified another source of operating
money or the amount appropriated for this purpose is exhausted.
(b) Operating costs may not be supported by the fund for any center
for more than four (4) years.

Indiana § 4-12-10-6 (Authorized appropriations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.