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

Indiana Statutes

§ 5-28-32-4 — Power to make loans

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 28 INDIANA ECONOMIC DEVELOPMENT·Ch. 32 Business Development Loan Fund

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.

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

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.

Indiana § 5-28-32-4 (Power to make loans) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.