CHAPTER 34. GREEN INDUSTRIES FUND

IC 5-28-34
    Chapter 34. Green Industries Fund

IC 5-28-34-1
"Fund"
    Sec. 1. As used in this chapter, "fund" means the green industriesfund established by section 3 of this chapter.
As added by P.L.182-2009(ss), SEC.81.

IC 5-28-34-2
"Green industry"
    Sec. 2. For the purposes of this chapter, "green industry" meansan Indiana business that manufactures products that reduce energyconsumption or lower emissions in the market of their intended use,including the following:
        (1) Biofuels.
        (2) Advanced technology vehicles.
        (3) Alternative fuel vehicles and power systems.
        (4) Clean diesel technology.
        (5) Domestic appliances.
        (6) Distributed power generation.
        (7) Emission control systems.
        (8) Energy monitoring, management, and efficiency.
        (9) Fuel cells.
        (10) Renewable energy.
        (11) Smart grid technology.
        (12) Highly insulative building construction products.
        (13) Construction products manufactured from at least fiftypercent (50%) postconsumer products.
        (14) Other sectors determined by the corporation.
As added by P.L.182-2009(ss), SEC.81.

IC 5-28-34-3
Establishment of fund
    Sec. 3. (a) The green industries fund is established. The fund shallbe administered by the corporation.
    (b) The fund may be used to provide grants and loans to Indianamanufacturing companies for the following purposes:
        (1) To strengthen Indiana's economy by focusing investment inadvanced manufacturing clusters focused on more energyefficient and environmentally sustainable technologies,processes, and products.
        (2) To accelerate job creation through training and educationinitiatives to enhance the skills and employment prospects ofIndiana's workforce in green industries.
        (3) To facilitate the redevelopment of Indiana manufacturingsites, facilities, and processes to operate in a more energyefficient and environmentally sustainable manner.
        (4) To stimulate the development of technologies, processes andproducts that reduce energy consumption or lower emissions in

the market of their intended use.
        (5) To encourage public-private partnerships focused ondevelopment of green industries among Indiana manufacturingcompanies, public or private educational institutions, nonprofitorganizations and charitable foundations, research anddevelopment organizations, and state agencies.
As added by P.L.182-2009(ss), SEC.81.

IC 5-28-34-4
Application for grants or loans
    Sec. 4. (a) An Indiana manufacturing company may apply for one(1) or more grants or loans from the fund.
    (b) The corporation shall give priority to applications that meetthree (3) or more of the purposes listed in section 3 of this chapter.The corporation shall base the award of a grant or loan on thenumber and quality of jobs being created, the community's economicneed, and the capital investment being made by the applicant.
    (c) A grant may not exceed fifty percent (50%) of the applicant'sproject costs.
As added by P.L.182-2009(ss), SEC.81.