5-28-41-15. Application Process
Sec. 15. (a) An eligible regional economic acceleration and development organization may submit an application to the corporation for a grant or loan from the fund. (b) An application for a grant or loan from the fund must be made on an application form prescribed by the board. (c) An applicant shall provide all information […]
5-28-41-16. Policy Framework for a Readi Program; Approval by the Board; Review by the Budget Committee
Sec. 16. (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 […]
5-28-41-11. Reversion
Sec. 11. (a) Money in the fund at the end of a state fiscal year does not revert to the state general fund. (b) Money in the fund is continuously appropriated for the purposes of this chapter. As added by P.L.165-2021, SEC.64.
5-28-41-12. Powers of the Board
Sec. 12. The board has the following powers: (1) To accept, analyze, approve, and deny applications under this chapter. (2) To contract with experts for advice and counsel. (3) To employ staff to assist in carrying out this chapter, including the following: (A) Providing assistance to applicants that wish to apply for a grant or […]
5-28-41-13. Authorization to Form a Strategic Review Committee
Sec. 13. (a) The board may form a strategic review committee to review applications that are submitted under this chapter. (b) The board may invite employees of state agencies and outside experts to: (1) sit on the strategic review committee; or (2) present analysis or opinions about any aspect of an application under review. An […]
5-28-41-14. Required Considerations and Findings in Review of an Application
Sec. 14. (a) The board shall consider the following when reviewing applications for a grant or loan from the fund: (1) Recommendations from the board’s strategic review committee described in section 13 of this chapter. (2) Which projects have the greatest economic development potential. (3) Which applications focus on rural areas of Indiana. (4) The […]
5-28-41-1. “Development Authority”
Sec. 1. As used in this chapter, “development authority” includes: (1) the northwest Indiana regional development authority established by IC 36-7.5-2-1; (2) a regional development authority established under IC 36-7.6-2-3; (3) a regional development authority established under IC 36-7.7-3-1; and (4) the northeast Indiana strategic development commission established by IC 36-7-39-3. As added by P.L.165-2021, […]
5-28-41-2. “Eligible Regional Economic Acceleration and Development Organization”
Sec. 2. As used in this chapter, “eligible regional economic acceleration and development organization” means: (1) a development authority; and (2) a qualified nonprofit organization. As added by P.L.165-2021, SEC.64.
5-28-41-3. “Fund”
Sec. 3. As used in this chapter, “fund” refers to the READI fund established by section 7 of this chapter. As added by P.L.165-2021, SEC.64.
5-28-41-4. “Qualified Nonprofit Organization”
Sec. 4. As used in this chapter, “qualified nonprofit organization” means a private, nonprofit entity formed as a partnership between local units (as defined in IC 4-4-32.2-9), private sector businesses, or community or philanthropic organizations to develop and implement a regional economic acceleration and development strategy that has an organizational structure that conforms with the […]