Sec. 11. To qualify for a grant or loan from a fund, an individual must be:

(1) a graduate of an Indiana college or university who:

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Terms Used In Indiana Code 36-1-29.5-11

(A) was a resident of another state before enrolling at the Indiana college or university;

(B) relocates to a location within the unit; and

(C) accepts and commences employment with an employer located within the unit under the terms of an incentive agreement;

(2) an out-of-state resident who relocates to a location within the unit in order to accept and commence employment with an employer located within the unit under the terms of an incentive agreement; or

(3) an out-of-state resident who relocates to a location within the unit and works remotely for an employer, regardless of the employer’s domicile.

As added by P.L.135-2022, SEC.22.