Title 5, TITLE 5. STATE AND LOCAL ADMINISTRATION
355 chapters · 3,747 sections in this title.
Ind. Code § 5-28-41-1 "Development authority"
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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 I…
Ind. Code § 5-28-41-10 Investment of money in the fund
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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 may be invested. Interest that accrues from these investments shall be deposited in the state general fund. Interes…
Ind. Code § 5-28-41-11 Reversion
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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.
Ind. Code § 5-28-41-12 Powers of the board
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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 assistan…
Ind. Code § 5-28-41-13 Authorization to form a strategic review committee
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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 a…
Ind. Code § 5-28-41-14 Required considerations and findings in review of an
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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 de…
Ind. Code § 5-28-41-15 Application process
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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. (…
Ind. Code § 5-28-41-16 Policy framework for a READI program; approval by the
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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 e…
Ind. Code § 5-28-41-17 Additional eligible expenses
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Sec. 17. In addition to the purposes described in section 7 of this chapter, the following expenses are eligible to be funded by the fund: (1) Costs associated with increasing housing and associated infrastructure, including strategies that lead to permanent housing for individua…
Ind. Code § 5-28-41-18 Expiration
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Sec. 18. This chapter expires June 30, 2026. As added by P.L.201-2023, SEC.87.
Ind. Code § 5-28-41-2 "Eligible regional economic acceleration and development
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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.
Ind. Code § 5-28-41-3 "Fund"
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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.
Ind. Code § 5-28-41-4 "Qualified nonprofit organization"
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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 regio…
Ind. Code § 5-28-41-5 "READI"
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Sec. 5. As used in this chapter, "READI" refers to the regional economic acceleration and development initiative. As added by P.L.165-2021, SEC.64.
Ind. Code § 5-28-41-6 "Regional economic acceleration and development strategy"
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Sec. 6. As used in this chapter, "regional economic acceleration and development strategy" refers to: (1) a development plan prepared by a development authority under IC 36-7.5-3-4, IC 36-7.6-3-5, or IC 36-7.7-3-4; (2) a comprehensive economic development strategy developed by an…
Ind. Code § 5-28-41-7 READI fund; purposes
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Sec. 7. The READI fund is established within the state treasury to do the following: (1) Support the corporation's READI program. (2) Provide grants or loans to support proposals for economic development and regional economic acceleration and development. As added by P.L.165-2021…
Ind. Code § 5-28-41-8 Fund contents
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Sec. 8. The fund consists of: (1) appropriations from the general assembly; (2) grants, gifts, and donations intended for deposit in the fund; (3) interest deposited into the fund under section 10 of this chapter; and (4) loan repayments. As added by P.L.165-2021, SEC.64.…
Ind. Code § 5-28-41-9 Administration of the fund
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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) Administrative expenses incurred to carry out the purposes of this chapter. As added by P.L.165-2021, SEC.64.