Indiana Code 4-4-28-11. Annual reports
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Sec. 11. (a) Each community development corporation or community based organization shall annually provide the authority with information needed to determine:
(2) the length of time each account under subdivision (1) has been established; and
(1) the number of accounts administered by the community development corporation or community based organization;
Terms Used In Indiana Code 4-4-28-11
- account: refers to an individual development account. See Indiana Code 4-4-28-1
- authority: refers to the Indiana housing and community development authority established under IC 5-20-1. See Indiana Code 4-4-28-1.5
- community based organization: means a private, nonprofit corporation whose board of directors is comprised of business, civic, and community leaders, and whose principal purpose includes the provision of low income housing. See Indiana Code 4-4-28-1.7
- community development corporation: means a private, nonprofit corporation:
Indiana Code 4-4-28-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(3) the amount of money an individual has deposited into each account under subdivision (1).
(b) The authority shall use the information provided under subsection (a) to deposit the correct amount of money into each account as provided in section 12 of this chapter.
As added by P.L.15-1997, SEC.1. Amended by P.L.235-2005, SEC.46; P.L.1-2006, SEC.52; P.L.181-2006, SEC.7; P.L.1-2007, SEC.9; P.L.124-2024, SEC.8.