The fund is a revolving fund to provide grants and loans for economic development activities in Indiana for the purposes of this chapter.(b) The fund consists of appropriations from the general assembly and loan repayments.(c) The corporation shall administer the fund. The following may be paid from money in the fund:(1) Expenses of administering the fund.(2) Nonrecurring administrative expenses incurred to carry out the purposes of this chapter.(d) Earnings from loans made under this chapter shall be deposited in the fund.(e) The money in the fund at the end of a state fiscal year does not revert to the state general fund but remains in the fund.(f) Money in the fund is continuously appropriated for the purposes of this chapter.As added by P.L.4-2005, SEC.34. Amended by P.L.201-2023, SEC.86.
Indiana Legal Code