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

Indiana Statutes

§ 5-28-21-9 — Use of grants and loans

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

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.

Indiana § 5-28-21-9 (Use of grants and loans) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.