Sec. 7. The READI fund is established within the state treasury to do the following:

(1) Support the corporation‘s READI program.

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Terms Used In Indiana Code 5-28-41-7

  • 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 READI fund established by section 7 of this chapter. See Indiana Code 5-28-41-3
  • READI: refers to the regional economic acceleration and development initiative. See Indiana Code 5-28-41-5
(2) Provide grants or loans to support proposals for economic development and regional economic acceleration and development.

As added by P.L.165-2021, SEC.64.