Indiana Code 4-12-10-6. Authorized appropriations
Current as of: 2024 | Check for updates
|
Other versions
Sec. 6. (a) If the Indiana economic development corporation and the budget agency approve a center, the budget agency shall allocate from available appropriations the money authorized to:
(2) cover operating costs, not to exceed two hundred fifty thousand dollars ($250,000) each year, until the center is self-sustaining or has identified another source of operating money or the amount appropriated for this purpose is exhausted.
(1) subsidize construction or rehabilitation of the physical facilities; and
Terms Used In Indiana Code 4-12-10-6
- 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.
- fund: refers to the Indiana economic development partnership fund established by section 3 of this chapter. See Indiana Code 4-12-10-2
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(b) Operating costs may not be supported by the fund for any center for more than four (4) years.
As added by P.L.26-2001, SEC.1. Amended by P.L.96-2004, SEC.16; P.L.4-2005, SEC.8.