§ 5-28-41-14 — Required considerations and findings in review of an application

Indiana § 5-28-41-14

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 41: Regional Economic Acceleration and Development

Text

(a) The board shall consider the following
when reviewing applications for a grant or loan from the fund:
(1) Recommendations from the board's strategic review
committee described in section 13 of this chapter.
(2) Which projects have the greatest economic development
potential.
(3) Which applications focus on rural areas of Indiana.
(4) The degree of regional collaboration.
(5) The application's alignment with the state's economic
development priorities.
(6) Any other criteria as determined by the board.
(b) The board shall make final funding determinations for
applications for a grant or loan from the fund.
(c) The board may not approve an application for a grant or loan
from the fund unless the board finds that approving the application will
have an overall positive return on investment for the state.

Legislative History

As added by P.L.165-2021, SEC.64.