5-28-28-1. Applicability

Sec. 1. This chapter applies to grants, loans, and tax credits: (1) applied for; and (2) awarded; after June 30, 2005. As added by P.L.222-2007, SEC.1. Amended by P.L.175-2013, SEC.4.

5-28-28-10. Economic Incentives and Compliance Report

Sec. 10. In addition to the other requirements of this chapter, the economic incentives and compliance report must also include a detailed report on the following programs, resources, or activities for which the corporation is responsible: (1) The economic development fund under IC 5-28-8. (2) The Indiana twenty-first century research and technology fund under IC […]

5-28-28-2. “Grant”

Sec. 2. As used in this chapter, “grant” refers to a grant given by the corporation. As added by P.L.222-2007, SEC.1.

5-28-28-3. “Loan”

Sec. 3. As used in this chapter, “loan”: (1) refers to a loan made by the corporation, regardless of whether the loan is forgivable; and (2) includes a loan guarantee made by the corporation. As added by P.L.222-2007, SEC.1.

5-28-28-4. “Tax Credit”

Sec. 4. As used in this chapter, “tax credit” means a state tax liability credit under any of the following: (1) IC 6-3.1-7 (before its expiration). (2) IC 6-3.1-13. (3) IC 6-3.1-26. (4) IC 6-3.1-30. (5) IC 6-3.1-34. As added by P.L.222-2007, SEC.1. Amended by P.L.133-2012, SEC.48; P.L.175-2013, SEC.5; P.L.288-2013, SEC.2; P.L.190-2014, SEC.12; P.L.238-2017, SEC.7; […]

5-28-28-5. Corporation to Publish an Economic Incentives and Compliance Report

Sec. 5. (a) The corporation shall: (1) submit an economic incentives and compliance report to: (A) the governor; and (B) the legislative council in an electronic format under IC 5-14-6; and (2) publish the report on the corporation’s Internet web site; on the schedule specified in subsection (b). (b) The corporation shall submit and publish […]

5-28-28-6. Economic Incentives and Compliance Report; Required Elements

Sec. 6. The economic incentives and compliance report required under section 5 of this chapter must include at least the following: (1) The total for each of the following: (A) The number and amount of tax credits, loans, and grants contractually awarded by the corporation. (B) The amount of investments made by the recipients of […]

5-28-28-7. Investigating Failure to Comply With Incentive Agreement; Reclaiming Grants, Loans, or Incentives

Sec. 7. (a) If, in the course of compiling information to complete a report required by section 5 of this chapter or upon the receipt of any other information concerning noncompliance with the terms and conditions of an incentive granted by the corporation, the corporation determines that a recipient of an incentive awarded by the […]

5-28-28-8. Incentive Recapture; Waiver or Modification

Sec. 8. (a) As used in this section, “recapture provision” means language that requires the recipient of an incentive to repay some part of the incentive. (b) The corporation may waive or modify a recapture provision of this article or an agreement made with a person to whom the corporation has awarded an incentive if […]

5-28-28-9. Economic Incentives and Compliance Report; Statistical Summary Required

Sec. 9. (a) The economic incentives and compliance report required under section 5 of this chapter must include an annual report containing summary statistics on the effectiveness of and compliance with all incentives granted by the corporation. The report required by this section must describe: (1) the overall compliance with the terms and conditions of […]