§ 5-28-34-3 — Establishment of fund

Indiana § 5-28-34-3

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 34: Green Industries Fund

Text

(a) The green industries fund is established.
The fund shall be administered by the corporation in consultation with
the Indiana office of energy development established by IC 4-3-23-3.
(b) The fund may be used to provide grants and loans to Indiana
manufacturing companies for the following purposes:
(1) To strengthen Indiana's economy by focusing investment in
advanced manufacturing clusters focused on more energy
efficient and environmentally sustainable technologies, processes,
and products.
(2) To accelerate job creation through training and education
initiatives to enhance the skills and employment prospects of
Indiana's workforce in green industries.
(3) To facilitate the redevelopment of Indiana manufacturing
sites, facilities, and processes to operate in a more energy efficient
and environmentally sustainable manner.
(4) To stimulate the development of technologies, processes and
products that reduce energy consumption or lower emissions in
the market of their intended use.
(5) To encourage public-private partnerships focused on
development of green industries among Indiana manufacturing
companies, public or private educational institutions, nonprofit
organizations and charitable foundations, research and
development organizations, and state agencies.

Legislative History

As added by P.L.182-2009(ss), SEC.81. Amended by P.L.34-2013, SEC.11.