§ 5-28-18-8 — Powers and duties of corporation

Indiana § 5-28-18-8

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 18: Small Business Development Fund

Text

(a) The corporation shall perform the following
duties:
(1) Establish and implement the policies and procedures to be
used by the corporation in the administration of the fund.
(2) Subject to section 10 of this chapter, establish criteria for
awarding loans from the fund.
(3) Review and approve or disapprove applications for loans from
the fund.
(4) Establish the terms of loans from the fund, which must include
the conditions set forth in section 11 of this chapter.
(5) Award the loans approved under this chapter.
(6) Provide the staff and other resources necessary to implement
this chapter.
(7) Prepare and distribute to appropriate entities throughout
Indiana requests for proposals for the organization and operation
of local pools.
(8) Conduct conferences and seminars concerning the fund.
(b) The corporation may enter into contracts necessary for the
administration of this chapter, including contracts for servicing loans
from the fund.

Legislative History

As added by P.L.4-2005, SEC.34. Amended by P.L.133-2012, SEC.45.