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5-28-38-8. Criteria for reviewing grant or loan applications; final funding determinations; budget committee review

IN Code § 5-28-38-8 (2019) (N/A)
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Sec. 8. (a) The board shall consider the following when reviewing applications for a grant or loan from the fund:

(1) Which projects have the greatest economic development potential.

(2) The degree of regional collaboration.

(3) The level of state and local financial commitment and potential return on investment.

(4) Any other criteria as determined by the board.

(b) The board shall make final funding determinations for applications for a grant or loan from the fund.

(c) The board may not approve an application for a grant or loan from the fund unless:

(1) the budget committee has reviewed the application; and

(2) the board finds that approving the application will have an overall positive return on investment for the state.

As added by P.L.237-2017, SEC.36.

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