5-20-5-17. Allocation for nonprofit corporation, public housing authority, or unit of government

IN Code § 5-20-5-17 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 17. An eligible entity must allocate at least fifty percent (50%) of the money received in program grants to a nonprofit corporation (as defined under Section 501(c) of the Internal Revenue Code), to a public housing authority (as defined in IC 36-7-18) or to a unit of government (as defined in IC 36-1-2-23). Money received in program grants that is not allocated to a nonprofit corporation, a public housing authority, or a unit of government may be allocated to private developers of housing and other private development entities as determined by the eligible entity.

As added by P.L.115-2000, SEC.1.