Indiana § 5-28-43-16 Policy framework for a READI 2.0 program; contents; approval by the
board; review by the budget committee

Indiana Statutes

§ 5-28-43-16 — Policy framework for a READI 2.0 program; contents; approval by the board; review by the budget committee

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 28 INDIANA ECONOMIC DEVELOPMENT·Ch. 43 Regional Economic Acceleration and Development

(a)Before July 1, 2024, the corporation shall develop a policy that establishes the framework for a READI 2.0 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 multi-year regional economic acceleration and development strategy, and the information a multi-year regional economic acceleration and development strategy must contain in order to make capital and infrastructure improvement projects to implement the strategy eligible for a grant or loan from the fund;

(3)the types of capital and infrastructure improvement projects that are eligible for financial support from the fund; and

(4)the criteria that will be used by a strate

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(a) Before July 1, 2024, the corporation shall
develop a policy that establishes the framework for a READI 2.0
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 multi-year regional economic acceleration
and development strategy, and the information a multi-year
regional economic acceleration and development strategy must
contain in order to make capital and infrastructure improvement
projects to implement the strategy eligible for a grant or loan from
the fund;
(3) the types of capital and infrastructure improvement 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 require a
commitment of matching funds from the eligible regional economic
acceleration and development organization.
(d) The policy developed by the corporation must require that grants
or loans awarded from the fund be used by an eligible regional
economic acceleration and development organization for capital
projects or infrastructure improvements.
(e) The policy developed by the corporation must be approved by
the board after review by the budget committee.

Indiana § 5-28-43-16 (Policy framework for a READI 2.0 program; contents; approval by the board; review by the budget committee) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.