Indiana Code 5-28-40-9. Requirement to enter into an agreement with the corporation as a condition of receiving a voucher
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Sec. 9. The following apply if the corporation determines a voucher should be awarded under this chapter:
(2) The agreement with the corporation must:
(1) The corporation shall require the eligible small business to enter into an agreement with the corporation as a condition of receiving a voucher under this chapter.
Terms Used In Indiana Code 5-28-40-9
- 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.
- eligible small business: means a business entity that:
Indiana Code 5-28-40-1
- voucher: means a grant to an eligible small business to purchase research services from an Indiana institution of higher education or other authorized research provider. See Indiana Code 5-28-40-5
(A) prescribe the method of claiming the voucher; and
(B) include provisions that authorize the corporation to work with the department of state revenue and the eligible small business, if the corporation determines that the eligible small business is noncompliant with the terms of the agreement or the provisions of this chapter, to bring the eligible small business into compliance or to protect the interests of the state.
As added by P.L.158-2019, SEC.3.