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

Indiana Statutes

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

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

(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 po

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(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.

Indiana § 5-28-41-16 (Policy framework for a READI program; approval by the board; review by the budget committee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.