§ 5-28-7-7 — Notice of noncompliance; return or repayment of grants

(a) If the corporation determines that a business,
school corporation, or charter school that has received public funds
from a grant award under this chapter is not entitled to the public funds
received from the grant award because of the business's, school
corporation's, or charter school's noncompliance with the requirements
of its grant agreement or any of the provisions of this chapter, the
corporation shall, after giving notice to the business, school
corporation, or charter school and an opportunity to explain the
noncompliance, provide the business, school corporation, or charter
school with a written demand for the return or repayment of an amount
not to exceed the sum of all grants previously awarded to the business,
school corporation, or charter school under this chapter, together with
interest and penalties required or permitted by law or required by the
agreement with the corporation.
(b) Upon receipt of the corporation's written demand under
subsection (a), the business, school corporation, or charter school shall
return or repay the amount demanded by the corporation.
(c) If a business, school corporation, or charter school fails to repay
the corporation as required under subsection (b), the corporation may
notify the department of state revenue of the noncompliance and
request that the department of state revenue exercise the department's
authority under IC 6-8.1-9.5 to recover the sum of all grants previously
awarded to the business, school corporation, or charter school under
this chapter, together with any interest, penalties, and fees required or
permitted by law or required by the agreement with the corporation.
(d) For purposes of this chapter, the corporation shall be considered
a claimant agency under IC 6-8.1-9.5-1, and is authorized to participate
in the refund set off program under IC 6-8.1-9.5.

Legislative History

As added by P.L.146-2018, SEC.2.