reglab/housing_qa huggingface dataset:
IN Code § 5-28-21-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-3. "Incubator"

Sec. 3. As used in this chapter, "incubator" means a facility in which space may be leased by a tenant and in which management provides access to business development services for use by tenants.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-4. "Sponsor"

Sec. 4. As used in this chapter, "sponsor" means an organization that enters into a written agreement with the corporation to:(1) establish, operate, and administer a small business incubator; or(2) provide funding to an organization that operates a small business incubator.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-5. "Tenant"

Sec. 5. As used in this chapter, "tenant" means a sole proprietorship, partnership, limited liability company, or corporation operating a business and occupying space in an incubator.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-6. Establishment of Fund; Purpose; Repayments of Loans; Nonreversion

Sec. 6. (a) The small business incubator fund is established within the state treasury. The fund is a revolving fund. The fund shall be used to provide grants, loans, and loan guarantees under this chapter.(b) The fund consists of appropriations from the general assembly and loan repayments.(c) The corporation shall administer the fund. The following may be paid from money in the fund:(1) Expenses of administering the fund.(2) Nonrecurring administrative expenses incurred to carry out the purposes of this chapter.(d) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the state general fund.(e) Repayments of loans from the fund, including interest, shall be deposited in the fund.(f) Money in the fund at the end of a state fiscal year does not revert to the state general fund.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-7. Application for Grant, Loan, or Loan Guarantee; Requirements

Sec. 7. A political subdivision (as defined in IC 36-1-2-13), a nonprofit organization, or a for-profit organization may submit an application to the corporation to obtain a grant, loan, or loan guarantee to establish a small business incubator. The application must:(1) describe the facility that is to be converted to an incubator;(2) specify the cost of the conversion;(3) demonstrate the ability of the applicant to directly provide or arrange for the provision of business development services (including financial consulting assistance, management and marketing assistance, and physical services) for tenants of the incubator;(4) demonstrate a potential for sustained use of the incubator by eligible tenants through a market study or other means;(5) demonstrate the ability of the applicant to operate the incubator in accordance with section 19 of this chapter;(6) state that the applicant will not discriminate against an employee or applicant for employment on the basis of race, religion, color, national origin, sex, or age; and(7) include any other information required by the corporation.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-8. Award of Grants, Loans, and Loan Guarantees; Criteria

Sec. 8. The corporation shall award grants, loans, and loan guarantees based on the following criteria:(1) The ability of the applicant to comply with section 19 of this chapter.(2) The economic impact of the incubator on the community.(3) Conformance with any areawide and local economic development plans.(4) The location of the incubator, in order to encourage geographic distribution of incubators throughout Indiana.(5) Other criteria established by the corporation.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-9. Use of Grants and Loans

Sec. 9. Grants and loans awarded or guaranteed under this chapter may be used only for the following purposes, when necessary for the creation and operation of an incubator:(1) The acquisition and leasing of land and existing buildings.(2) The construction or rehabilitation of buildings or other facilities.(3) The purchase of equipment and furnishings.(4) The payment of operating expenses of the incubator during the first twenty-four (24) months of its operation.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-10. Grant Amount Limits

Sec. 10. A grant under this chapter may not exceed the lesser of:(1) fifty percent (50%) of the total eligible project costs; or(2) two hundred fifty thousand dollars ($250,000).As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-11. Grant Use Limit

Sec. 11. An applicant for a grant may only use the grant in an economically disadvantaged area.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-12. Loan or Loan Guarantee Amount Limits

Sec. 12. A loan or loan guarantee under this chapter may not exceed the lesser of:(1) fifty percent (50%) of the total eligible project costs; or(2) five hundred thousand dollars ($500,000).As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-13 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-13. Combined Grant and Loan or Loan Guarantee Amount Limits

Sec. 13. An applicant may apply for both a grant and a loan or loan guarantee, but the combined grant and loan or loan guarantee may not exceed five hundred thousand dollars ($500,000).As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-14 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-14. Loan Security

Sec. 14. (a) A loan under this chapter must be secured by liens on collateral at the highest level of priority that can accommodate the borrower's ability to raise sufficient debt and equity capital.(b) A financial institution holding an obligation that is guaranteed under this chapter must adequately secure the obligation.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-15 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-15. Leased Facilities; Conditions

Sec. 15. A grant, loan, or loan guarantee for an incubator in a facility that is leased may be made only if the applicant intends to buy the facility. A loan or loan guarantee must be secured by a leasehold mortgage.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-16 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-16. Deferral of Principal and Interest

Sec. 16. The corporation may defer payment of interest and principal on a loan under this chapter for not more than two (2) years.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-17 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-17. Loan Interest Rate; Determination

Sec. 17. In order to establish a rate of interest for a loan under this chapter, the corporation shall select a nationally recognized index of municipal bond averages and a date not less than one (1) month nor more than two (2) months before the granting of the loan. The rate of interest on the loan must be one percent (1%) less than the average published on the date closest to the selected date by the selected nationally recognized index, rounded to the next lowest whole percent. The corporation may determine that the rounding down should be to a fraction of a percent that is a multiple of either one-tenth of one percent (0.1%) or one-fourth of one percent (0.25%).As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-18 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-18. Loan or Loan Guarantee Time Limits

Sec. 18. A loan or loan guarantee under this chapter may not exceed the lesser of:(1) ten (10) years; or(2) the useful life of the property for which the loan is granted or guaranteed, as determined by the United States Department of the Treasury.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-19 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-19. Duties of Sponsors or Assistance Recipients

Sec. 19. A sponsor or an organization receiving assistance through a sponsor has the following duties in establishing and operating a small business incubator with assistance under this chapter:(1) Securing title to the facility or leasing the facility with the intent to secure title.(2) Managing the physical development of the incubator facility, including the provision of common conference or meeting space.(3) Furnishing and equipping the facility to provide business services to the tenants.(4) Marketing the facility and securing eligible tenants.(5) Providing or arranging for the provision of financial consulting, assistance in accessing private financial markets, and marketing and management assistance services for the tenants.(6) Establishing rental and service fees.(7) Encouraging the sharing of ideas among tenants and aiding the tenants in an innovative manner while they are within the incubator.(8) Establishing policies for the:(A) acceptance of tenants into the incubator; and(B) termination of occupancy by tenants.(9) Encouraging the establishment of small business incubators in economically disadvantaged areas. However, if the small business incubator secures only a loan or loan guarantee under this chapter, this subdivision does not limit the establishment of the small business incubator to economically disadvantaged areas.(10) Establishing a local advisory committee to assist in the performance of the duties listed in this section. Advisory committee members must represent fields that can contribute to the sound operation of the incubator, such as accounting, finance, law, education, and small business. Advisory committee members may not vote on projects of sponsors or tenants with whom the member is financially affiliated.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-20 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-20. Duties of Corporation

Sec. 20. The corporation has the following duties under this chapter:(1) Making grants, loans, and loan guarantees to sponsors for small business incubators.(2) Ensuring that sponsors receiving grants, loans, or loan guarantees meet the conditions of this chapter.(3) Receiving and evaluating annual reports from sponsors. These reports must include a financial statement for the incubator, evidence that all the tenants in the incubator are eligible under the terms of this chapter, a list of tenants in the incubator, and any other information required by the corporation.(4) Establishing policies to implement this chapter. These policies must include provisions permitting greater flexibility with respect to the establishment and operation of incubators in the areas described in section 19(9) of this chapter, including more flexible tenant policies.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-21-22 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 21. Small Business Incubator Program|5-28-21-22. Advisory Committees

Sec. 22. The corporation may establish one (1) or more advisory committees to assist the corporation in implementing this chapter. Advisory committee members may not be affiliated financially with a sponsor or tenant and must represent fields that can contribute to the sound operation of the incubator program (such as accounting, finance, law, education, and small business).As added by P.L.4-2005, SEC.34.
IN Code § 5-28-22-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 22. Film Industry Development|5-28-22-1. Encouragement of Filming in Indiana

Sec. 1. The corporation shall encourage the filming of:(1) motion pictures at sites in Indiana; and(2) television shows, commercials, and other audiovisual communications in Indiana.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-22-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 22. Film Industry Development|5-28-22-2. Corporation Duties

Sec. 2. (a) The corporation shall:(1) establish a close working relationship with film industry representatives in the United States and abroad, if appropriate;(2) coordinate locational activities in Indiana;(3) provide liaison activities during actual film production;(4) perform all appropriate research and background work related to the determination of film industry plans and requirements; and(5) establish an aggressive promotional and informational effort designed to attract film producers to Indiana.(b) The corporation and its staff members may work closely with other agencies of state government or with any other individual, institution, or group to accomplish the responsibilities enumerated in subsection (a).As added by P.L.4-2005, SEC.34.
IN Code § 5-28-23-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 23. Business Modernization and Technology|5-28-23-1. Powers and Duties of Corporation

Sec. 1. (a) The corporation shall contribute to the strengthening of the economy of Indiana through the development of science and technology and to promote the modernization of Indiana businesses by supporting the transfer of science, technology, and quality improvement methods to the workplace.(b) The corporation may do the following:(1) Receive money from any source, borrow money, enter into contracts, and expend money for activities appropriate to its purpose under this chapter.(2) Do things necessary or incidental to carrying out the functions listed in this chapter.(3) Establish a statewide business modernization network to assist Indiana businesses in identifying ways to increase productivity and market competitiveness.(4) Identify scientific and technological problems and opportunities related to the economy of Indiana and formulate proposals to overcome those problems or realize those opportunities.(5) Identify specific areas in which scientific research and technological investigation will contribute to the improvement of productivity of Indiana manufacturers and farmers.(6) Determine specific areas in which financial investment in scientific and technological research and development from private businesses located in Indiana could be improved or increased if state resources were made available to assist in financing activities.(7) Assist in establishing cooperative associations of postsecondary educational institutions in Indiana and of private enterprises to coordinate research and development programs that will, consistent with the primary educational function of the postsecondary educational institutions, aid in the creation of new jobs in Indiana.(8) Assist in financing the establishment and continued development of technology intensive businesses in Indiana.(9) Advise postsecondary educational institutions of the research needs of Indiana businesses and improve the exchange of scientific and technological information for the mutual benefit of postsecondary educational institutions and private businesses.(10) Coordinate programs established by postsecondary educational institutions to provide Indiana businesses with scientific and technological information.(11) Establish programs in scientific education that will support the accelerated development of technology intensive businesses in Indiana.(12) Provide financial assistance through contracts, grants, and loans to programs of scientific and technological research and development.(13) Determine how state educational institutions can increase income derived from the sale or licensure of products or processes having commercial value that are developed as a result of state educational institution sponsored research programs.As added by P.L.4-2005, SEC.34. Amended by P.L.2-2007, SEC.110; P.L.133-2012, SEC.47.
IN Code § 5-28-23-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 23. Business Modernization and Technology|5-28-23-2. Debts of Business Modernization and Technology Corporation

Sec. 2. Debts incurred by the business modernization and technology corporation under authority of IC 4-3-1 (before its repeal) do not represent or constitute a debt of the state within the meaning of the Constitution of the State of Indiana or Indiana statutes. The corporation may not incur debt under this chapter. However, the corporation shall assume the debt of the business modernization and technology corporation that is outstanding on the date the business modernization and technology corporation is abolished.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-23-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 23. Business Modernization and Technology|5-28-23-3. Consideration of Projects

Sec. 3. The corporation shall consider projects involving the creation of the following:(1) Markets for products made from recycled materials.(2) New products made from recycled materials.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-24-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 24. Investment Incentive Program|5-28-24-1. "Municipality"

Sec. 1. As used in this chapter, "municipality" means a city or town.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-24-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 24. Investment Incentive Program|5-28-24-2. Establishment by Corporation; Purpose

Sec. 2. The corporation shall establish policies to carry out an investment incentive program. The purpose of the program is to provide grants and loans to counties and municipalities that will, in turn, be loaned to certain new or expanding businesses for construction or for the purchase of real or personal property.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-24-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 24. Investment Incentive Program|5-28-24-3. Award of Grants and Loans to Counties and Municipalities; Criteria

Sec. 3. (a) The corporation shall adopt policies and guidelines to establish the criteria for awarding grants and loans to counties and municipalities.(b) The criteria for awarding the grants and loans must include the:(1) economic need of the county or municipality;(2) impact of the new or expanding business on employment and output in the county or municipality;(3) importance of state participation to the investment decision;(4) impact of state assistance to job production in the county or municipality; and(5) extent of other public and private participation.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-24-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 24. Investment Incentive Program|5-28-24-4. Loans to Businesses by Counties and Municipalities; Criteria; Approval of Loans by Corporation

Sec. 4. (a) The corporation shall establish criteria to guide counties and municipalities in making loans to businesses.(b) The terms of the loans must include provisions stating that:(1) loans shall be restricted to enterprises that create new and permanent jobs;(2) loans may not exceed the greater of:(A) ten percent (10%) of the total investment; or(B) two hundred fifty thousand dollars ($250,000); and(3) the principal and interest on the loan must be repaid to the county or municipality.(c) All loans by a county or municipality under this chapter are subject to approval by the corporation.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-24-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 24. Investment Incentive Program|5-28-24-5. Powers of Corporation

Sec. 5. The corporation may:(1) adopt policies and guidelines to carry out this chapter;(2) accept money and other things of value from all sources;(3) provide services and materials to carry out the purposes of the program;(4) evaluate the program; and(5) involve other entities, by contract or otherwise, in carrying out the purposes of the program.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-24-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 24. Investment Incentive Program|5-28-24-6. Use of Repayment Proceeds; Corporation Approval

Sec. 6. (a) The repayment proceeds of a loan made from a grant under this chapter shall be used by the county or municipality for any economic or community development activity, including:(1) making loans to businesses; and(2) the construction or reconstruction of any street, sewer, or other capital improvement that will promote economic development in the community or the repayment of bonds used to finance the construction or reconstruction.(b) All uses of repaid loan proceeds by a county or municipality under this chapter are subject to approval by the corporation.As added by P.L.4-2005, SEC.34.
IN Code § 5-28-24-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 28. Indiana Economic Development Corporation|Chapter 24. Investment Incentive Program|5-28-24-7. Grants From State Appropriated Funds

Sec. 7. The corporation may not make a grant from state appropriated funds to a county or municipality under this chapter unless the county or municipality agrees to lend to the new or expanding business an amount greater than or equal to the state grant.As added by P.L.4-2005, SEC.34.