Indiana Code 5-28-32-4. Power to make loans
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Sec. 4. Subject to section 5 of this chapter, the corporation may make a loan from the fund to a business located in Indiana if the corporation makes a written finding that the loan would accomplish the purposes of this chapter by enabling the business to carry out a project or projects that will do any of the following:
(2) Enhance the protection of Indiana’s environment.
(1) Improve the technological capacity or productivity of the business.
Terms Used In Indiana Code 5-28-32-4
- 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 business development loan fund. See Indiana Code 5-28-32-1
(3) Permit the business to expand facilities, establish new facilities, or make site improvements or infrastructure improvements.
As added by P.L.162-2007, SEC.27.