Title 5, STATE AND LOCAL ADMINISTRATION

Sec. 6. A purchasing agent may make a special purchase at an auction. As added by P.L.49-1997, SEC.1.

Sec. 7. A purchasing agent may make a special purchase of data processing contracts or license agreements for: (1) software programs; or (2) supplies or services, when only one (1) source meets the using agency's reasonable requirements. As added by P.L.49-1997, SEC.1.…

Sec. 8. A purchasing agent may make a special purchase when: (1) the compatibility of equipment, accessories, or replacement parts is a substantial consideration in the purchase; and (2) only one (1) source meets the using agency's reasonable requirements. As added by P.L.49-1997…

Sec. 9. A purchasing agent may make a special purchase when purchase of the required supplies or services under another purchasing method under this article would seriously impair the functioning of the using agency. As added by P.L.49-1997, SEC.1.

Sec. 1. As used in this chapter, "fund" refers to the technology development grant fund established by section 7 of this chapter. As added by P.L.4-2005, SEC.34.

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 b…

Sec. 11. 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.

Sec. 12. The corporation shall establish a grant application procedure for redevelopment commissions. As added by P.L.4-2005, SEC.34.

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 …

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 su…

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 …

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, S…

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 prope…

Sec. 2. As used in this chapter, "political subdivision" has the meaning set forth in IC 36-1-2-13. As added by P.L.4-2005, SEC.34.

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.

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)…

Sec. 5. As used in this chapter, "technology park" refers to a certified technology park established under IC 36-7-32. As added by P.L.4-2005, SEC.34.

Sec. 6. As used in this chapter, "technology product" means a product that involves high technology activity or otherwise involves targeted employment. As added by P.L.4-2005, SEC.34.

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.

Sec. 8. The fund consists of appropriations from the general assembly. As added by P.L.4-2005, SEC.34.

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.…

Sec. 0.3. The general assembly finds the following: (1) Mandatory divestment by the funds of the funds' holdings in certain companies is a measure that should be employed only under extraordinary circumstances. (2) States that are designated as a state sponsor of terror by the Se…

Sec. 1. The requirements for mandatory divestment contained in this chapter are separate and distinct from the requirements for mandatory divestment contained in IC 5-10.2-9. As added by P.L.67-2009, SEC.1.

Sec. 10. As used in this chapter, "indirect holdings" means all securities of a company that are: (1) held in an account or a fund; and (2) managed by one (1) or more persons: (A) who are not employed by the fund (before July 1, 2011) or system; and (B) in which the fund (before …

Sec. 10.2. (a) As used in this chapter, "military equipment" means weapons, arms, or military defense supplies provided directly or indirectly to any force of a state sponsor of terror. The term includes any equipment that readily may be used for military purposes, including: (1)…

Sec. 10.4. (a) As used in this chapter, "mineral extraction activities" means the exploration, extraction, processing, transporting, or wholesale sale of elemental minerals or associated metals or oxides, including: (1) gold; (2) copper; (3) chromium; (4) chromite; (5) diamonds; …

Sec. 10.6. (a) As used in this chapter, "oil related activities" includes: (1) the export of oil; (2) the extraction of or production of oil; (3) the exploration for oil; (4) the ownership of rights to oil blocks; (5) the refining or processing of oil; (6) the transportation of o…

Sec. 10.8. As used in this chapter, "power production activities" means any business operation that involves a project commissioned by a state sponsor of terror whose purpose is to facilitate power generation and delivery. The term includes the following: (1) Establishing power g…

Sec. 11. As used in this chapter, "private market fund" means any: (1) private equity fund; (2) private equity fund of funds; (3) venture capital fund; (4) hedge fund; (5) hedge fund of funds; (6) real estate fund; or (7) investment vehicle; that is not publicly traded. As added …

Sec. 12. As used in this chapter, "scrutinized business operations" means business operations that have caused a company to become a scrutinized company. As added by P.L.67-2009, SEC.1.

Sec. 13. (a) As used in this chapter, "scrutinized company" means a company that meets any of the following criteria: (1) Both of the following apply to the company: (A) The company has business operations that involve contracts with or the provision of supplies or services to: (…

Sec. 14. (a) As used in this chapter, "social development company" means a company that is: (1) licensed by the United States Department of Treasury under the Federal Trade Sanction Reform and Export Enhancement Act of 2000 (P.L. 106-387); or (2) lawfully operating under the laws…

Sec. 15. As used in this chapter, "state sponsor of terror" means a country determined by the Secretary of State of the United States to have repeatedly provided support for acts of international terrorism. As added by P.L.67-2009, SEC.1.

Sec. 16. As used in this chapter, "substantial action" means adopting, publicizing, and implementing a formal plan to cease scrutinized business operations within one (1) year and to refrain from any new business operations. As added by P.L.67-2009, SEC.1.

Sec. 16.5. As used in this chapter, "system" refers to the Indiana public retirement system established by IC 5-10.5-2-1. As added by P.L.35-2012, SEC.69.

Sec. 17. (a) Not later than March 30, 2010, the board shall make a good faith effort to identify all scrutinized companies in which a fund has direct or indirect holdings. (b) In carrying out its responsibilities under subsection (a), the board may use existing research or contra…

Sec. 18. After the board creates or updates the scrutinized company list under section 17 of this chapter, the board shall immediately identify the companies on the scrutinized company list in which a fund has direct or indirect holdings. As added by P.L.67-2009, SEC.1. Amended b…

Sec. 19. (a) Each fund (before July 1, 2011) or the board shall send to each scrutinized company: (1) that is identified under section 18 of this chapter as one in which a fund has direct or indirect holdings; and (2) that has only inactive business operations; a written notice c…

Sec. 2. As used in this chapter, "active business operations" means all business operations that are not inactive business operations. As added by P.L.67-2009, SEC.1.

Sec. 20. (a) Each fund (before July 1, 2011) or the board shall send to each scrutinized company: (1) that is identified under section 18 of this chapter as one in which a fund has direct or indirect holdings; and (2) that has active business operations; a written notice concerni…

Sec. 21. (a) If, within one hundred eighty (180) days after a fund (before July 1, 2011) or the system first sends written notice to a company under section 20 of this chapter, the company ceases scrutinized business operations, the company shall be removed from a fund's scrutini…

Sec. 22. (a) Except as provided in sections 24 and 25 of this chapter, if a company continues to have scrutinized active business operations one hundred eighty (180) days after a fund (before July 1, 2011) or the system first sends written notice to the company under section 20 o…

Sec. 23. Except as provided in sections 24 and 25 of this chapter: (1) before July 1, 2011, a fund shall not acquire; and (2) after June 30, 2011, the system shall not acquire for a fund; securities of companies on the scrutinized company list that have active business operations…

Sec. 24. If the government of the United States declares that a company on the scrutinized company list with active business operations in a state sponsor of terror is excluded from any federal sanctions relating to a state sponsor of terror, the company is not subject to divestm…

Sec. 25. Notwithstanding any provision to the contrary, sections 22 and 23 of this chapter do not apply to indirect holdings in a private market fund that includes a scrutinized company with active business operations in a state sponsor of terror. As added by P.L.67-2009, SEC.1.

Sec. 25.5. Notwithstanding any provision to the contrary, sections 22 and 23 of this chapter do not apply to indirect holdings in actively managed investment funds. However, if a fund has indirect holdings in actively managed investment funds containing the securities of scrutini…