Indiana § 5-28-24-3 Award of grants and loans to counties and municipalities; criteria

Indiana Statutes

§ 5-28-24-3 — Award of grants and loans to counties and municipalities; criteria

Indiana § 5-28-24-3

Title 5STATE AND LOCAL ADMINISTRATION

Art. 28INDIANA ECONOMIC DEVELOPMENT

Ch. 24Investment Incentive Program

This text of Indiana § 5-28-24-3 (Award of grants and loans to counties and municipalities; criteria) 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 § 5-28-24-3 (2026).

Text

(a)The corporation shall adopt policies and guidelines to establish the criteria for awarding grants and loans to counties and municipalities.

(b)The criteria for awarding the grants and loans must include the:

(1)economic need of the county or municipality;

(2)impact of the new or expanding business on employment and output in the county or municipality;

(3)importance of state participation to the investment decision;

(4)impact of state assistance to job production in the county or municipality; and

(5)extent of other public and private participation.

Free access — add to your briefcase to read the full text and ask questions with AI

(a) The corporation shall adopt policies and
guidelines to establish the criteria for awarding grants and loans to
counties and municipalities.
(b) The criteria for awarding the grants and loans must include the:
(1) economic need of the county or municipality;
(2) impact of the new or expanding business on employment and
output in the county or municipality;
(3) importance of state participation to the investment decision;
(4) impact of state assistance to job production in the county or
municipality; and
(5) extent of other public and private participation.