Indiana § 5-28-21-9 Use of grants and loans

Indiana Statutes

§ 5-28-21-9 — Use of grants and loans

Indiana § 5-28-21-9

Title 5STATE AND LOCAL ADMINISTRATION

Art. 28INDIANA ECONOMIC DEVELOPMENT

Ch. 21Small Business Incubator Program

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Bluebook

Ind. Code § 5-28-21-9 (2026).

Text

Grants and loans awarded or guaranteed under this chapter may be used only for the following purposes, when necessary for the creation and operation of an incubator:

(1)The acquisition and leasing of land and existing buildings.

(2)The construction or rehabilitation of buildings or other facilities.

(3)The purchase of equipment and furnishings.

(4)The payment of operating expenses of the incubator during the first twenty-four (24) months of its operation.

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Grants and loans awarded or guaranteed under
this chapter may be used only for the following purposes, when
necessary for the creation and operation of an incubator:
(1) The acquisition and leasing of land and existing buildings.
(2) The construction or rehabilitation of buildings or other
facilities.
(3) The purchase of equipment and furnishings.
(4) The payment of operating expenses of the incubator during the
first twenty-four (24) months of its operation.