Indiana Code 4-4-28-18. Annual evaluation of accounts; report
Current as of: 2024 | Check for updates
|
Other versions
Sec. 18. (a) Each community development corporation or community based organization shall annually:
(2) submit a report containing the evaluation information to the authority.
(1) evaluate the individual development accounts administered by the community development corporation or community based organization; and
Terms Used In Indiana Code 4-4-28-18
- 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.
(b) Two (2) or more community development corporations or community based organizations may work together in carrying out the purposes of this chapter.
As added by P.L.15-1997, SEC.1. Amended by P.L.289-2001, SEC.10; P.L.235-2005, SEC.49; P.L.1-2006, SEC.55; P.L.181-2006, SEC.10; P.L.1-2007, SEC.12; P.L.124-2024, SEC.13.