§ 5-28-21-20 — Duties of corporation

Indiana § 5-28-21-20

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 21: Small Business Incubator Program

Text

The corporation has the following duties
under this chapter:
(1) Making grants, loans, and loan guarantees to sponsors for
small business incubators.
(2) Ensuring that sponsors receiving grants, loans, or loan
guarantees meet the conditions of this chapter.
(3) Receiving and evaluating annual reports from sponsors. These
reports must include a financial statement for the incubator,
evidence that all the tenants in the incubator are eligible under the
terms of this chapter, a list of tenants in the incubator, and any
other information required by the corporation.
(4) Establishing policies to implement this chapter. These policies
must include provisions permitting greater flexibility with respect
to the establishment and operation of incubators in the areas
described in section 19(9) of this chapter, including more flexible
tenant policies.

Legislative History

As added by P.L.4-2005, SEC.34.