Indiana Statutes
§ 4-33-23-13 — Economic development payments; deposits
(a)Any recipient of an economic
development payment must deposit the economic development
payment into a separate and segregated bank account not later than five
(5)days after its receipt.
(b)The bank account referenced in subsection (a):
(1)must allow expenditures only in accordance with the terms of
the development agreement;
(2)must be used to account for and report the proceeds of
economic development payments; and
(3)must be maintained at an FDIC insured bank that is located in
and has a corporate presence in the State of Indiana.
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Legislative History
As added by P.L.82-2011, SEC.1.
Nearby Sections
15
§ 4-1-1-1
Dates beginning and ending§ 4-1-1-2
Reports to governor§ 4-1-10-1
Applicability§ 4-1-10-1.5
"Person"§ 4-1-10-11
Attorney general investigation of disclosures; notice to county
prosecutor and state police§ 4-1-10-12
Attorney general determination of infraction; report to appointing
authority and county prosecutor§ 4-1-10-13
Attorney general rulemaking authority§ 4-1-10-2
"State agency"§ 4-1-10-3
Nondisclosure of Social Security number§ 4-1-10-6
State agency compliance