Indiana § 5-28-32-4 Power to make loans

Indiana Statutes

§ 5-28-32-4 — Power to make loans

Indiana § 5-28-32-4

Title 5STATE AND LOCAL ADMINISTRATION

Art. 28INDIANA ECONOMIC DEVELOPMENT

Ch. 32Business Development Loan Fund

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Bluebook

Ind. Code § 5-28-32-4 (2026).

Text

Subject to section 5 of this chapter, the corporation may make a loan from the fund to a business located in Indiana if the corporation makes a written finding that the loan would accomplish the purposes of this chapter by enabling the business to carry out a project or projects that will do any of the following:

(1)Improve the technological capacity or productivity of the business.

(2)Enhance the protection of Indiana's environment.

(3)Permit the business to expand facilities, establish new facilities, or make site improvements or infrastructure improvements.

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Subject to section 5 of this chapter, the
corporation may make a loan from the fund to a business located in
Indiana if the corporation makes a written finding that the loan would
accomplish the purposes of this chapter by enabling the business to
carry out a project or projects that will do any of the following:
(1) Improve the technological capacity or productivity of the
business.
(2) Enhance the protection of Indiana's environment.
(3) Permit the business to expand facilities, establish new
facilities, or make site improvements or infrastructure
improvements.