Indiana § 5-28-24-9 Establishment and purpose of investment incentive fund;
administration

Indiana Statutes

§ 5-28-24-9 — Establishment and purpose of investment incentive fund; administration

Indiana § 5-28-24-9

Title 5STATE AND LOCAL ADMINISTRATION

Art. 28INDIANA ECONOMIC DEVELOPMENT

Ch. 24Investment Incentive Program

This text of Indiana § 5-28-24-9 (Establishment and purpose of investment incentive fund; administration) 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 § 5-28-24-9 (2026).

Text

(a)The investment incentive fund is established within the state treasury to provide grants and loans to counties and municipalities.

(b)The fund consists of appropriations from the general assembly and loan repayments.

(c)The corporation shall administer the fund. The following may be paid from money in the fund:

(1)Expenses of administering the fund.

(2)Nonrecurring administrative expenses incurred to carry out the purposes of this chapter.

(d)Earnings from loans made under this chapter shall be deposited the fund.

(e)The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the state general fund.

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

(a) The investment incentive fund is
established within the state treasury to provide grants and loans to
counties and municipalities.
(b) The fund consists of appropriations from the general assembly
and loan repayments.
(c) The corporation shall administer the fund. The following may be
paid from money in the fund:
(1) Expenses of administering the fund.
(2) Nonrecurring administrative expenses incurred to carry out the
purposes of this chapter.
(d) Earnings from loans made under this chapter shall be deposited
the fund.
(e) The treasurer of state shall invest the money in the fund not
currently needed to meet the obligations of the fund in the same
manner as other public funds may be invested. Interest that accrues
from these investments shall be deposited in the state general fund.