Sec. 1. As used in this chapter, “eligible entity” means: (1) a city; (2) a town; (3) a county; (4) a special taxing district; (5) an economic development commission established under IC 36-7-12; (6) a nonprofit corporation; (7) a corporation established under IC 23-7-1.1 (before its repeal on August 1, 1991) or IC 23-17 to […]
Sec. 2. As used in this chapter, “fund” refers to the industrial development grant fund established by section 4 of this chapter. As added by P.L.4-2005, SEC.34.
Sec. 3. As used in this chapter, “industrial development program” means a program designed to aid economic development in Indiana and includes: (1) the construction of airports, airport facilities, and tourist attractions; (2) the construction, extension, or completion of: (A) sanitary sewerlines, storm sewers, and other related drainage facilities; (B) waterlines; (C) roads and streets; […]
Sec. 4. (a) The industrial development grant fund is established within the state treasury. Grants may be made from the fund to eligible entities in accordance with this chapter and the rules adopted under this chapter. (b) The corporation may receive and accept, for purposes of the fund, grants, gifts, and contributions from public and […]
Sec. 5. (a) The secretary of commerce, subject to the approval of the governor and budget director, may direct the auditor of state to make an approved grant from the fund to an eligible entity. (b) The money granted must be used by the recipient to institute and administer an approved industrial development program. As […]
