Indiana Statutes

§ 4-4-28-2 — "Community development corporation"

Indiana·Art. 4 LIEUTENANT GOVERNOR·Ch. 28 Individual Development Accounts

As used in this chapter, "community development corporation" means a private, nonprofit corporation:

(1)whose board of directors consists primarily of community representatives and business, civic, and community leaders; and
(2)whose principal purpose includes the provision of:
(A)housing;
(B)community based economic development projects; or
(C)social services; that primarily benefit low income individuals and communities.

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Legislative History

As added by P.L.15-1997, SEC.1. Amended by P.L.4-1999, SEC.1.

Nearby Sections

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