§ 5-28-41-16 — Policy framework for a READI program; approval by the board; review by the budget committee

Indiana § 5-28-41-16

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

Text

(a) Before July 1, 2021, the corporation shall
develop a policy that establishes the framework for a READI program.
(b) The policy developed by the corporation shall include detailed
information outlining:
(1) the entities that are eligible to submit applications for a grant
or loan from the fund;
(2) the elements of a regional economic acceleration and
development strategy, and the information a regional economic
acceleration and development strategy must contain in order to
make projects to implement the strategy eligible for a grant or
loan from the fund;
(3) the types of projects that are eligible for financial support from
the fund; and
(4) the criteria that will be used by a strategic review committee
and the board to analyze applications for a grant or loan from the
fund.
(c) The policy developed by the corporation must be approved by
the board after review by the budget committee.

Legislative History

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