reglab/statecodes huggingface dataset:
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 8. Economic Development Fund › 5-28-8-10. Applications for Loans; Repayment

Sec. 10. (a) A qualified entity may apply to the corporation for a loan from the fund to be used for economic development programs.
(b) An amount loaned to a qualified entity is an obligation of the qualified entity and shall be repaid to the corporation within a time to be fixed by the corporation, not to exceed three (3) years.
(c) The corporation shall determine interest rates for the loans to be made under this section.
(d) Final disbursements of money under this section must be made with the approval of the state board of finance.
(e) If a qualified entity fails to make repayment of money loaned under this section, the amount payable may be:
(1) withheld by the auditor of state from money payable to the qualified entity and transferred to the fund; or
(2) recovered in an action by the state on relation of the corporation, prosecuted by the attorney general, in the circuit or superior court of the county in which the qualified entity is located.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-1. "Enterprise Zone"

Sec. 1. As used in this chapter, "enterprise zone" means an enterprise zone created under IC 5-28-15 (or IC 4-4-6.1 before its repeal).
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-2. "Governing Body"

Sec. 2. As used in this chapter, "governing body" means the legislative body of a city, town, or county, an economic development commission, or a board administering the affairs of a special taxing district.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-3. "Industrial Development Program"

Sec. 3. As used in this chapter, "industrial development program" means a program designed to aid the growth of industry in Indiana and includes the:
(1) construction of airports, airport facilities, and tourist attractions;
(2) construction, extension, or completion of sewerlines, waterlines, streets, sidewalks, bridges, roads, highways, public ways, and information and high technology infrastructure;
(3) leasing or purchase of property, both real and personal; and
(4) preparation of surveys, plans, and specifications for the construction of publicly owned and operated facilities, utilities, and services.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-4. "Information and High Technology Infrastructure"

Sec. 4. As used in this chapter, "information and high technology infrastructure" includes, but is not limited to, fiber optic cable and other infrastructure that supports high technology growth and the purchase and installation of fiber optic cable and other infrastructure.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-5. "Minority Enterprise Small Business Investment Company"

Sec. 5. As used in this chapter, "minority enterprise small business investment company" means an investment company licensed under 15 U.S.C. 681(D).
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-6. "Qualified Entity"

Sec. 6. As used in this chapter, "qualified entity" means a city, a town, a county, an economic development commission, or a special taxing district.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-7. "Small Business Investment Company"

Sec. 7. As used in this chapter, "small business investment company" means an investment company licensed under 15 U.S.C. 691 et seq. or a successor statute.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-8. Findings

Sec. 8. The general assembly finds that:
(1) areas in Indiana have insufficient employment opportunities and insufficient diversification of industry;
(2) these conditions are harmful to the health, prosperity, economic stability, and general welfare of these areas and, if not remedied, will be detrimental to the development of these areas; and
(3) the use of money under this chapter and the fostering of industrial development programs serves a public purpose.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-8.5. Legalization of Certain Loans, Loan Agreements, and Similar Arrangements of Department of Commerce and Qualified Entities

Sec. 8.5. (a) As used in this section, "department" refers to the department of commerce (before its abolition by P.L.4-2005) established by IC 4-4-3-2 (before its repeal).
(b) Notwithstanding any other law, all loans, loan agreements, or similar arrangements between the department and a qualified entity are legalized and declared valid if these loans, loan agreements, or similar arrangements have been delivered and the department has lent money pursuant to them before April 18, 1985. All proceedings had and actions taken under which these loans, loan agreements, or similar arrangements were undertaken are fully legalized and declared valid.
As added by P.L.220-2011, SEC.107.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-9. Fund Established; Purpose; Administration

Sec. 9. (a) The industrial development fund is established within the state treasury. Loans may be made to qualified entities, small business investment companies, and minority enterprise small business investment companies in accordance with this chapter and the policies and guidelines adopted under it.
(b) The fund consists of appropriations from the general assembly and loan repayments.
(c) The corporation and the state board of finance shall jointly 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) Earnings from loans made under this chapter shall be deposited in the fund.
(e) 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 fund.
(f) The corporation, subject to the approval of the state board of finance, may adopt policies and guidelines for the proper administration of the fund and this chapter. The corporation may employ personnel necessary to efficiently administer this chapter.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-10. Loans for Approved Programs; Amount Restriction; Limitations

Sec. 10. (a) Two million dollars ($2,000,000) in the industrial development fund does not revert to the state general fund but constitutes a revolving fund to be used exclusively for the purpose of this chapter. The corporation, subject to the approval of the state board of finance, may order the auditor of state to make an approved loan from the revolving fund to a qualified entity (including the purchase of bonds of the qualified entity), a small business investment company, or a minority enterprise small business investment company.
(b) A qualified entity may borrow funds from the corporation under this chapter and shall use the loan proceeds to institute and administer an approved industrial development program. The combined amount of outstanding loans to any one (1) program may not exceed one million dollars ($1,000,000). However, the one million dollar ($1,000,000) restriction in this subsection does not apply to an approved industrial development program in an economic development district established by a qualified entity under IC 6-1.1-39. A loan made under this chapter to an economic development commission is not a loan to or an obligation of the qualified entity that formed the commission, if the repayment of the loan is limited to a specified revenue source under section 15 of this chapter.
(c) A small business investment company or a minority enterprise small business investment company may use the loan proceeds for any lawful purpose.
(d) Notwithstanding any other law (including IC 5-1-11), the loan to a qualified entity under this section may be directly negotiated with the corporation without public sale of bonds or other evidences of indebtedness of the qualified entity.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-11. Industrial Development Programs

Sec. 11. A qualified entity may institute and administer an industrial development program that is approved by ordinance or resolution adopted by the governing body of the qualified entity and approved by the corporation.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-12. Loans to Qualified Entities; Conditions

Sec. 12. (a) The state board of finance and the corporation shall authorize the making of a loan to a qualified entity under this chapter only when all the following conditions exist:
(1) An application for the loan has been submitted by the qualified entity, in a verified petition, to the state board of finance and the corporation in the manner and form as the state board of finance and the corporation direct. The application must set forth all the following:
(A) The need for the program and the need for funds for instituting and administering the program.
(B) An engineering estimate of the cost of the proposed program acceptable to the state board of finance and the corporation.
(C) The amount of money needed.
(D) Other information that is requested by the state board of finance and the corporation.
(2) The proposed program has been approved by the state board of finance and the corporation, which they may do only if they have determined that the program is based on sound engineering principles and is in the interest of industrial development.
(3) The loan does not exceed one hundred percent (100%) of the cost to the qualified entity of an approved program, with the cost of the program to be based on an estimate made by a competent engineering authority and approved by the corporation.
(4) The qualified entity has agreed to furnish assurance, satisfactory to the state board of finance and the corporation, that the qualified entity will operate and maintain the program, after completion, in a satisfactory manner.
(b) The state board of finance and the corporation shall authorize a loan to a small business investment company or minority enterprise small business investment company under this chapter only if:
(1) the small business investment company or minority enterprise small business investment company has loaned to or invested in a business located in an enterprise zone for a purpose directly related to the enterprise zone an amount that is at least twice the amount of the requested loan; and
(2) the small business investment company or minority enterprise small business investment company has submitted an application, before the beginning of the phase out period of the enterprise zone, to the state board of finance and the corporation that shows the amount of the loan requested and other information that is requested by the state board of finance and the corporation.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-13. Participation in Program or Project by Entity; Share of Cost

Sec. 13. (a) The qualified entity may provide labor, equipment, and materials from any source at its disposal for such a program, and participation in accomplishment of the project or projects may be:
(1) evaluated by the state board of finance and the corporation; and
(2) computed as a part or all of the share of cost that the qualified entity is required to pay toward the total cost of the project or projects for which the loan is obtained.
(b) When participation as described in this section is authorized, the participation must be under direction of the governing body, and when cash amounts are included in the qualified entity's share of total cost, the cost amounts shall be provided in the usual and accepted manner for the financing of the affairs of the qualified entity. Costs of engineering and legal services to the borrower may be regarded as a part of the total cost of the project.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-14. Priority Rating of Applicant for Loan

Sec. 14. (a) The state board of finance and the corporation shall determine and ascribe to an applicant for a loan a priority rating. The rating must be based primarily on the need of the qualified entity for a proposed program or on the need of the small business investment company or minority enterprise small business investment company for the loan as the need is related to the needs of other applicants for loans.
(b) The qualified entities, small business investment companies, or minority enterprise small business investment companies with the highest priority rating shall be given first consideration when loans are made under this chapter. The loans shall be made in descending order as shown by the priority ratings.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-15. Loans; Restrictions; Ordinance Requirement

Sec. 15. (a) A loan made under this chapter is subject to the following restrictions:
(1) The repayment period may not exceed fifteen (15) years.
(2) The interest rate is to be set by the state board of finance at the time the loan is approved.
(3) Interest reverts to the industrial development fund established by this chapter.
(4) The loan must be repaid in installments, including interest on the unpaid balance, according to a repayment schedule approved by the state board of finance for that loan. However, on the approval of the state board of finance, the repayment of principal may be deferred for a period not to exceed two (2) years.
(5) Subject to subsection (b), the repayment of the loan may be limited to a specified revenue source of the qualified entity and, if limited, is not a general obligation of the unit and is payable solely from the specified revenue source.
(6) If the qualified entity levies a tax to repay the loan, the first installment of the loan is due from funds received from the first levy.
(7) If prepayment of the loan is made, a penalty may not be charged.
(b) A qualified entity may borrow money under this chapter only under an ordinance adopted under IC 36-1-3-6 as follows:
(1) If the qualified entity is a city, town, or county, by the qualified entity.
(2) If the qualified entity is an economic development commission, by the city, town, or county that established the economic development commission.
(3) If the qualified entity is a special taxing district established by the city, town, or county, by the city, town, or county that established the special taxing district.
(4) If the qualified entity is a special taxing district that was not established by a city, town, or county, by the county in which the special taxing district is located.
If repayment of the loan is to be from a specified revenue source under subsection (a)(5), the ordinance must state the revenue source and must state that the qualified entity is not obligated to pay the principal or interest on the loan except from the specified revenue source. An ordinance may not provide for repayment from a specified revenue source if the repayment would impair the qualified entity's contract with an owner of outstanding obligations payable from the specified revenue source.
(c) Notwithstanding any other law, the qualified entity may enter into loans under this chapter without obtaining the approval of any other body.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-16. Revenue to Pay Annual Loan Installment and Interest; Levy of Tax

Sec. 16. A qualified entity receiving a loan under this chapter may levy an annual tax on personal and real property located within the qualified entity's geographical limits for industrial development purposes, in addition to any other tax authorized by statute to be levied for such purposes, at a rate that will produce sufficient revenue to pay the annual installment and interest on a loan made under this chapter. The tax may be in addition to the maximum annual rates prescribed by IC 6-1.1-18, IC 6-1.1-18.5, and other statutes.
As added by P.L.4-2005, SEC.34. Amended by P.L.2-2006, SEC.34; P.L.146-2008, SEC.40.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-17. Failure to Repay Money Lent; Action to Recover

Sec. 17. (a) If a qualified entity fails to make repayment of money lent under this chapter or is in any way indebted to the industrial development fund for any amounts incurred or accrued, the amount payable may be:
(1) withheld by the auditor of state, as set forth in the loan agreement with the qualified entity, from any money payable to the qualified entity and transferred to the fund; or
(2) recovered in an action by the state on relation of the corporation, prosecuted by the attorney general, in the circuit or superior court of the county in which the qualified entity is located.
(b) If a small business investment company or a minority enterprise small business investment company fails to make repayment of money lent under this chapter or is in any way indebted to the industrial development fund for any amounts incurred or accrued, the amount payable may be recovered in an action by the state on relation of the company, prosecuted by the attorney general, in the circuit or superior court of the county in which the small business investment company or minority enterprise small business investment company is located.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-18. Appropriation

Sec. 18. There is appropriated annually to the corporation from the state general fund, from money not otherwise appropriated, an amount sufficient to administer this chapter, subject to the approval of the budget committee.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-19. Sale of Notes or Other Debt Obligations by a County, City, or Town; Deposit and Use of Proceeds

Sec. 19. (a) The corporation, with the approval of the state board of finance, may sell to a person (including the board for depositories) the notes or other debt obligations issued by a county, city, or town under this chapter or IC 6-1.1-39 for any borrowing from the industrial development fund under this chapter.
(b) A sale by the corporation of a note or another debt obligation of a county, city, or town as authorized by subsection (a) shall be made:
(1) without recourse against the corporation, the state board of finance, or the industrial development fund; and
(2) on the other terms and conditions that the corporation, with the approval of the state board of finance, establishes.
(c) A purchaser of a note or another debt obligation succeeds to all the rights, entitlements, conditions, and limitations under the note or other debt obligation. However, section 17 of this chapter does not apply to a note or another debt obligation that has been sold under subsection (a).
(d) After a sale of a note or another debt obligation, the corporation, the state board of finance, and the industrial development fund have no right, title, or interest in or to the note or debt obligation.
(e) The proceeds from a sale of a note or another debt obligation shall be deposited in the industrial development fund to be used exclusively for the purpose of this chapter.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 9. Industrial Development Program and Fund › 5-28-9-20. Loan With Simultaneous or Successive Sale of Note or Other Obligation; Legal Investments

Sec. 20. (a) For economic development projects (as defined in IC 5-1.2-2) that have a cost of the project (as defined in IC 5-1.2-2) greater than one hundred million dollars ($100,000,000), the corporation may coordinate a loan to a county, city, or town under this chapter that is to be funded under IC 6-1.1-39 with a simultaneous or successive sale of the note or other debt obligation issued or to be issued by the county, city, or town to evidence the borrowing under this chapter. For such a coordinated or simultaneous lending and sale, the sale proceeds may be applied to the funding of the loan to the county, city, or town.
(b) Notes or other debt obligations of a county, city, or town that may be sold by the corporation under this section or section 19 of this chapter are declared to be legal investments for:
(1) all insurance companies and associations and other persons carrying on an insurance business; and
(2) all banks, bankers, banking associations, trust companies, savings associations including savings and loan associations, building and loan associations, investment companies, and other persons carrying on a banking business.
These entities may invest their funds, including capital, in the notes or other debt obligations, notwithstanding any law to the contrary.
As added by P.L.4-2005, SEC.34. Amended by P.L.1-2006, SEC.127; P.L.189-2018, SEC.45.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 10. Technology Development Grant Fund › 5-28-10-3. "Redevelopment Commission"

Sec. 3. As used in this chapter, "redevelopment commission" refers to a redevelopment commission established under IC 36-7-14-3 or a commission (as defined in IC 36-7-15.1-3) that establishes a technology park.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 10. Technology Development Grant Fund › 5-28-10-4. "Targeted Employment"

Sec. 4. As used in this chapter, "targeted employment" means employment in any of the following business activities:
(1) Advanced manufacturing, including the following:
(A) Automotive and electronics.
(B) Aerospace technology.
(C) Robotics.
(D) Engineering design technology.
(2) Life sciences, including the following:
(A) Orthopedics or medical devices.
(B) Biomedical research or development.
(C) Pharmaceutical manufacturing.
(D) Agribusiness.
(E) Nanotechnology or molecular manufacturing.
(3) Information technology, including the following:
(A) Informatics.
(B) Certified network administration.
(C) Software development.
(D) Fiber optics.
(4) Twenty-first century logistics, including the following:
(A) High technology distribution.
(B) Efficient and effective flow and storage of goods, services, or information.
(C) Intermodal ports.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 10. Technology Development Grant Fund › 5-28-10-7. Establishment and Purpose of Fund

Sec. 7. The technology development grant fund is established within the state treasury to provide the necessary money for grants to redevelopment commissions under this chapter and the administration of this program.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 10. Technology Development Grant Fund › 5-28-10-9. Administration of Fund

Sec. 9. 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.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 10. Technology Development Grant Fund › 5-28-10-10. Investment of Money in Fund

Sec. 10. 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 are invested. Interest that accrues from these investments shall be deposited in the state general fund.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 10. Technology Development Grant Fund › 5-28-10-13. Qualification for Grant

Sec. 13. To qualify for a grant under this chapter, a redevelopment commission must:
(1) submit an application in the form prescribed by the corporation;
(2) demonstrate that:
(A) the redevelopment commission has established a technology park; and
(B) the grant being applied for under this chapter will assist the redevelopment commission in accomplishing the goals of the technology park under IC 36-7-32; and
(3) provide other information required by the corporation.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 10. Technology Development Grant Fund › 5-28-10-14. Provision of Grants

Sec. 14. The corporation shall provide grants on a competitive basis from the fund to businesses that apply for a grant under this chapter. The corporation may select and fund part or all of an application request that:
(1) is submitted during an application period; or
(2) was submitted in a prior application period but not fully funded in that application period.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 10. Technology Development Grant Fund › 5-28-10-15. "Operating Expenditures"; Amount and Use of Grants

Sec. 15. (a) For purposes of this section, "operating expenditures" includes the following:
(1) Business plans.
(2) Marketing studies.
(3) Mentor identification.
(4) Securitization of capital.
(5) Legal services.
(6) Other necessary services.
(b) The total of all grants provided under this chapter for a technology park may not exceed the following:
(1) Two million dollars ($2,000,000) for the leasing, construction, or purchase of capital assets.
(2) Two million dollars ($2,000,000) for operating expenditures, and, subject to subsection (d), with not more than five hundred thousand dollars ($500,000) being distributed in any one (1) fiscal year.
(c) This subsection applies to a grant provided under subsection (b)(1) for the leasing of a capital asset. The grant may be applied only to lease payments made during:
(1) the fiscal year; or
(2) each of the three (3) fiscal years immediately following the fiscal year;
in which the grant is provided.
(d) The annual distribution of a grant under subsection (b)(2) may not exceed the following:
(1) Eighty percent (80%) of total operating expenditures in the fiscal year in which the grant is provided.
(2) Sixty percent (60%) of total operating expenditures in the fiscal year after the fiscal year in which the grant is provided.
(3) Forty percent (40%) of total operating expenditures in the second fiscal year after the fiscal year in which the grant is provided.
(4) Twenty percent (20%) of total operating expenditures in the third fiscal year after the fiscal year in which the grant is provided.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 10. Technology Development Grant Fund › 5-28-10-16. Matching Amounts for Capital Expenditure Grants

Sec. 16. A capital expenditure grant under this chapter shall require that the lesser of:
(1) two million dollars ($2,000,000); or
(2) fifty percent (50%) of the total capital costs;
of the project being funded by the grant be matched from other sources.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 10. Technology Development Grant Fund › 5-28-10-17. Grants to Political Subdivisions

Sec. 17. The corporation may, under rules established by the department of local government finance and the procedures established by the corporation, award grants from the fund to one (1) or more political subdivisions to reimburse the political subdivisions for ad valorem property taxes allocated to an allocation area as a result of a resolution adopted under IC 36-7-32-15.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 11.5. New Business Recruitment Grants for Local Economic Development Organizations › 5-28-11.5-1. "Economically Disadvantaged Area"

Sec. 1. As used in this chapter, "economically disadvantaged area" means a county that has an unemployment rate exceeding the state unemployment rate by at least two percent (2%).
As added by P.L.35-2009, SEC.1.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 11.5. New Business Recruitment Grants for Local Economic Development Organizations › 5-28-11.5-2. "Local Economic Development Organization"

Sec. 2. As used in this chapter, "local economic development organization" (referred to as "organization") includes the following:
(1) An urban enterprise association established under IC 5-28-15 (or IC 4-4-6.1 before its repeal).
(2) An economic development commission established under IC 36-7-12.
(3) A nonprofit corporation established under state law whose primary purpose is the promotion of industrial or business development in Indiana, the retention or expansion of Indiana businesses, or the development of entrepreneurial activities in Indiana.
(4) A regional planning commission established under IC 36-7-7.
(5) A nonprofit educational organization whose primary purpose is educating and developing local leadership for economic development initiatives.
(6) Other similar organizations whose purposes include economic development and that are approved by the corporation.
As added by P.L.35-2009, SEC.1.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 11.5. New Business Recruitment Grants for Local Economic Development Organizations › 5-28-11.5-3. "Program"

Sec. 3. As used in this chapter, "program" refers to the new business recruitment grant program established by section 4 of this chapter.
As added by P.L.35-2009, SEC.1.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 11.5. New Business Recruitment Grants for Local Economic Development Organizations › 5-28-11.5-4. New Business Recruitment Grant Program Established

Sec. 4. (a) The new business recruitment grant program is established.
(b) The program is administered by the corporation.
As added by P.L.35-2009, SEC.1.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 11.5. New Business Recruitment Grants for Local Economic Development Organizations › 5-28-11.5-5. Indiana Economic Development Corporation Authorized to Make Grants to Local Economic Development Organizations

Sec. 5. (a) The purpose of the program is to assist the local economic development organizations that serve economically disadvantaged areas in the recruitment of new businesses.
(b) The corporation must find that an applicant for a grant under this chapter serves an economically disadvantaged area before approving the grant application.
(c) The corporation may provide a grant under the program to an organization to assist the organization in recruiting new business enterprises to the county or counties served by the organization. The grant may not be used by the organization to pay expenses for which the organization has received a grant under IC 5-28-11 (before its repeal).
(d) A grant under this chapter may not be used by the organization to provide direct financial assistance to a business or specific development project.
As added by P.L.35-2009, SEC.1. Amended by P.L.145-2016, SEC.8.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 11.5. New Business Recruitment Grants for Local Economic Development Organizations › 5-28-11.5-6. Maximum Grant Amounts

Sec. 6. A grant under this chapter may not exceed:
(1) fifty thousand dollars ($50,000), in the case of a grant to an organization that serves only one (1) county; or
(2) seventy-five thousand dollars ($75,000), in the case of a grant to an organization that serves at least two (2) counties.
As added by P.L.35-2009, SEC.1.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 11.5. New Business Recruitment Grants for Local Economic Development Organizations › 5-28-11.5-7. Policies and Procedures

Sec. 7. The corporation may adopt policies and guidelines governing application criteria and procedures for organizations applying for grants under this chapter.
As added by P.L.35-2009, SEC.1.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 11.5. New Business Recruitment Grants for Local Economic Development Organizations › 5-28-11.5-9. Local Economic Development Organization Recruitment Fund Established; Uses; Revenue Sources; Administration; Investments; Nonreverting Fund

Sec. 9. (a) The local economic development organization recruitment fund is established within the state treasury as a dedicated fund. Money in the fund must be spent by the corporation exclusively for grants and other purposes described in this chapter.
(b) The fund consists of:
(1) appropriations from the general assembly;
(2) interest deposited into the fund under subsection (d); and
(3) any money available for the purposes of this chapter from Indiana's apportionment of general state assistance grants provided to the states under the federal American Recovery and Reinvestment Act of 2009 or another federal economic stimulus law enacted in 2009.
(c) The corporation shall administer the fund. The following may be paid from money in the fund:
(1) Grants made under this chapter.
(2) Expenses of administering the fund.
(3) The corporation's 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 fund.
(e) Money remaining in the fund at the end of a state fiscal year does not revert to the state general fund.
As added by P.L.35-2009, SEC.1.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 13. Permit Assistance Center › 5-28-13-2. "Permit"

Sec. 2. As used in this chapter, "permit" means any state agency permit, license, certificate, approval, registration, or similar form of approval required by a statute or an administrative rule.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 13. Permit Assistance Center › 5-28-13-4. Establishment of Center; Duties

Sec. 4. The permit assistance center is established within the corporation. The center has the following duties:
(1) Providing comprehensive information on permits required for business activities in Indiana and making this information available to any person.
(2) Assisting applicants in obtaining timely and efficient permit review and the resolution of issues arising from permit review.
(3) Encouraging the participation of federal and local government agencies in permit coordination.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 13. Permit Assistance Center › 5-28-13-5. Information File on Permit Requirements

Sec. 5. The center shall establish an information file on all state agency permit requirements that affect business activities in Indiana. The center shall:
(1) develop methods for maintaining, updating, and providing ready access to the information file;
(2) use the information file to provide comprehensive information concerning permit requirements affecting business activities; and
(3) use the information file to provide the Indiana archives and records administration with information that will enable the administration to consolidate, simplify, expedite, or otherwise improve permit procedures.
As added by P.L.4-2005, SEC.34. Amended by P.L.171-2015, SEC.41.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 13. Permit Assistance Center › 5-28-13-6. Publications; Preparation and Distribution

Sec. 6. The center may prepare and distribute publications and other materials that:
(1) serve the convenience of permit applicants; and
(2) explain permit requirements affecting business activities.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 13. Permit Assistance Center › 5-28-13-7. Federal and Local Government Permit Agencies; Use of Center Services; Advice to Applicants

Sec. 7. The center may encourage federal and local government permit agencies to use the services provided by the center to make information available to permit applicants. The center may advise permit applicants of federal and local permit requirements and may maintain an information file on permits for which the state has delegated issuance authority to local governmental agencies.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 13. Permit Assistance Center › 5-28-13-8. Fees

Sec. 8. The center may not charge a fee for services provided under this chapter. However, this section does not relieve a permit applicant of any part of the fees or charges established by a state agency for the review and approval of permit applications.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 13. Permit Assistance Center › 5-28-13-10. Assistance of State Agencies

Sec. 10. Upon request of the center, each state agency shall provide the assistance and data necessary to enable the center to perform its duties under this chapter.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 14. Promotion of Trade Shows › 5-28-14-2. "Small Business Concern"

Sec. 2. As used in this chapter, "small business concern" means a small business concern as defined in 15 U.S.C. 632.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 14. Promotion of Trade Shows › 5-28-14-3. "Trade Mission"

Sec. 3. As used in this chapter, "trade mission" means a planned tour of business locations, all of which are:
(1) located in or outside the United States; and
(2) recommended by:
(A) the United States Department of Commerce Foreign Commercial Service;
(B) the United States Department of Agriculture Foreign Agriculture Service; or
(C) the corporation.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 14. Promotion of Trade Shows › 5-28-14-4. "Trade Show"

Sec. 4. As used in this chapter, "trade show" means an exhibition, an exposition, or a fair:
(1) located in or outside the United States; and
(2) recommended by:
(A) the United States Department of Commerce Foreign Commercial Service; or
(B) the United States Department of Agriculture Foreign Agriculture Service.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 14. Promotion of Trade Shows › 5-28-14-5. Corporation's Duties

Sec. 5. (a) The corporation shall promote the participation of small business concerns in trade shows and trade missions.
(b) Before promoting participation in trade shows and trade missions, the corporation must:
(1) conduct market research to determine the presence and extent of overseas markets for Indiana small business concerns; and
(2) determine the market areas offering Indiana small business concerns the best export opportunities.
(c) In promoting participation in trade shows and trade missions, the corporation shall emphasize trade shows and trade missions considered to offer Indiana small business concerns the best export opportunities for products produced in Indiana.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 14. Promotion of Trade Shows › 5-28-14-6. Trade Promotion Fund

Sec. 6. (a) The trade promotion fund is established within the state treasury as a dedicated fund. Money in the fund must be spent by the corporation exclusively for the purposes described in this chapter.
(b) The fund consists of appropriations from the general assembly.
(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.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 14. Promotion of Trade Shows › 5-28-14-7. Reimbursement for Booth Rental Fees

Sec. 7. The corporation may provide financial assistance to a small business concern by reimbursing the small business concern solely for booth rental fees related to its participation in a trade show or trade mission.
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 14. Promotion of Trade Shows › 5-28-14-8. Reimbursement Limitations and Amount

Sec. 8. (a) Reimbursement for booth rental fees incurred by a small business concern under section 7 of this chapter for participation in one (1) trade show or trade mission may not exceed the lesser of:
(1) five thousand dollars ($5,000); or
(2) the amount determined in subsection (b).
(b) The amount to be used in subsection (a)(2) is the amount determined under the following STEPS:
STEP ONE: Determine the total booth rental fees incurred by the small business concern under section 7 of this chapter.
STEP TWO: Subtract from the amount determined in STEP ONE any amounts received by the small business concern from a trade show promotion program or trade mission program, other than the program established by this chapter.
(c) The maximum financial assistance that may be provided to a small business concern during a state fiscal year may not exceed ten thousand dollars ($10,000).
As added by P.L.4-2005, SEC.34.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 14. Promotion of Trade Shows › 5-28-14-9. Qualification for Assistance

Sec. 9. To qualify for financial assistance under this chapter, a small business concern must:
(1) apply to the corporation for approval to participate in a trade show or trade mission in the form and by the time specified by the corporation;
(2) establish to the satisfaction of the corporation that participation in the trade show or trade mission will enhance the export opportunities of products produced in Indiana by the small business concern;
(3) maintain adequate records of the expenses incurred by the small business concern to participate in a trade show or trade mission;
(4) certify to the corporation the amount of financial assistance, if any, received by the small business concern from a trade show promotion program or trade mission program other than the program established by this chapter; and
(5) provide to the corporation, on request:
(A) the records of the expenses related to the small business concern's participation in a trade show or trade mission; and
(B) information regarding the effectiveness of the program established by this chapter in enhancing the export opportunities of the small business concern.
As added by P.L.4-2005, SEC.34. Amended by P.L.145-2016, SEC.9.
2023 Indiana Code › Title 5. State and Local Administration › Article 28. Indiana Economic Development Corporation › Chapter 15. Enterprise Zones › 5-28-15-0.2. Application of Certain Amendments to Prior Statute

Sec. 0.2. The addition of IC 4-4-6.1-1.7 (before its repeal, now codified in section 4 of this chapter) by P.L.25-1995 applies to property taxes first due and payable after December 31, 1996.
As added by P.L.220-2011, SEC.108.