Indiana § 5-28-8-8 Guidelines for receipt of grants and loans

Indiana Statutes

§ 5-28-8-8 — Guidelines for receipt of grants and loans

Indiana·Title 5 STATE AND LOCAL ADMINISTRATION·Art. 28 INDIANA ECONOMIC DEVELOPMENT·Ch. 8 Economic Development Fund

(a)The corporation shall receive grants allocated by a federal program for the purposes specified in section 9(c) of this chapter. Guidelines shall be prepared by the corporation enumerating the qualification procedures for receipt of grants and loans from the fund. These guidelines must be consistent with Indiana law and federal program requirements.

(b)The board, with the approval of the budget agency and the governor, shall allocate parts of the fund for the purposes specified in section 9(c) of this chapter. The corporation shall make allocations on the basis of the need of the qualified entity.

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(a) The corporation shall receive grants
allocated by a federal program for the purposes specified in section
9(c) of this chapter. Guidelines shall be prepared by the corporation
enumerating the qualification procedures for receipt of grants and loans
from the fund. These guidelines must be consistent with Indiana law
and federal program requirements.
(b) The board, with the approval of the budget agency and the
governor, shall allocate parts of the fund for the purposes specified in
section 9(c) of this chapter. The corporation shall make allocations on
the basis of the need of the qualified entity.

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