Indiana Code 5-28-21-9. Use of grants and loans
Current as of: 2024 | Check for updates
|
Other versions
Sec. 9. Grants and loans awarded or guaranteed under this chapter may be used only for the following purposes, when necessary for the creation and operation of an incubator:
(2) The construction or rehabilitation of buildings or other facilities.
(1) The acquisition and leasing of land and existing buildings.
Terms Used In Indiana Code 5-28-21-9
- incubator: means a facility in which space may be leased by a tenant and in which management provides access to business development services for use by tenants. See Indiana Code 5-28-21-3
(3) The purchase of equipment and furnishings.
(4) The payment of operating expenses of the incubator during the first twenty-four (24) months of its operation.
As added by P.L.4-2005, SEC.34.