Sec. 9. The corporation shall administer the fund. The following may be paid from money in the fund:

(1) Expenses of administering the fund.

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Terms Used In Indiana Code 5-28-10-9

  • 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 technology development grant fund established by section 7 of this chapter. See Indiana Code 5-28-10-1
(2) Nonrecurring administrative expenses incurred to carry out the purposes of this chapter.

As added by P.L.4-2005, SEC.34.