Indiana Statutes
§ 5-20-4-11 — Allocation of fund resources
Indiana § 5-20-4-11
JurisdictionIndiana
Title 5STATE AND LOCAL ADMINISTRATION
Art. 20HOUSING
Ch. 4Affordable Housing and Community Development Fund
This text of Indiana § 5-20-4-11 (Allocation of fund resources) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 5-20-4-11 (2026).
Text
(a)At least fifty percent (50%) of the
resources of the fund shall be allocated to recognized nonprofit
corporations under Section 501(c) of the Internal Revenue Code.
(b)The resources of the fund that are not allocated under subsection
(a)may be allocated to private developers of housing and private
development entities as determined by the authority.
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Legislative History
As added by P.L.69-1989, SEC.4. Amended by P.L.179-1991,
SEC.9; P.L.1-1992, SEC.13; P.L.27-1993, SEC.21; P.L.1-2006,
SEC.117; P.L.181-2006, SEC.35; P.L.1-2007, SEC.35.
Nearby Sections
15
§ 5-1-1-1
Validation§ 5-1-1-2
Repealed§ 5-1-10-1
Issuance; purpose; restrictions§ 5-1-11-7
Restrictions on powers§ 5-1-11.5-1
"ADM"§ 5-1-11.5-2
"Bonds"§ 5-1-11.5-3
Application to certain school corporations§ 5-1-12-1
"Municipal corporation" definedCite This Page — Counsel Stack
Bluebook (online)
Indiana § 5-20-4-11, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/5-20-4-11.