IC 5-28-11
Chapter 11. Local Economic Development Organization Grants
IC 5-28-11-1 "Economically disadvantaged area"
Sec. 1. As used in this chapter, "economically disadvantaged area"
has the meaning set forth in IC 6-3.1-9-1. As added by P.L.4-2005, SEC.34.
IC 5-28-11-2 "Local economic development organization"
Sec. 2. As used in this chapter, "local economic development
organization" (referred to as "organization") includes the following:
(1) An urban enterprise association established under
IC 5-28-15 (or IC 4-4-6.1 before its repeal).
(2) An economic development commission established under
IC 36-7-12.
(3) A nonprofit corporation established under state law whose
primary purpose is the promotion of industrial or business
development in Indiana, the retention or expansion of Indiana
businesses, or the development of entrepreneurial activities in
Indiana.
(4) A regional planning commission established under
IC 36-7-7.
(5) A nonprofit educational organization whose primary
purpose is educating and developing local leadership for
economic development initiatives.
(6) Other similar organizations whose purposes include
economic development and that are approved by the
corporation. As added by P.L.4-2005, SEC.34.
IC 5-28-11-3 "Program"
Sec. 3. As used in this chapter, "program" refers to the local
economic development organization grant program established by
section 4 of this chapter. As added by P.L.4-2005, SEC.34.
IC 5-28-11-4 Establishment and administration of program
Sec. 4. (a) The local economic development organization grant
program is established.
(b) The program is administered by the corporation. As added by P.L.4-2005, SEC.34.
IC 5-28-11-5 Appropriation does not expire
Sec. 5. An appropriation to the program does not expire or revert
to the state general fund at the end of a state fiscal year.
As added by P.L.4-2005, SEC.34.
IC 5-28-11-6 Grants; uses
Sec. 6. (a) The corporation may provide a grant under the program
to an organization to assist in the operation of the organization,
including any operations related to the provision of low income
housing or the rehabilitation of low income housing. Not more than
twenty-five percent (25%) of the grant amounts awarded under this
chapter may be awarded for the provision or rehabilitation of low
income housing. The grant may be used by the organization only to
pay for the following expenses:
(1) Employee salaries.
(2) Office and other facilities.
(3) Professional services provided under contract to the
organization.
(4) A strategic plan of economic development for any of the
areas served by the organization.
(5) Other similar administrative expenses of the organization.
(6) Expenses related to the development of specialized training
programs that benefit economic development initiatives.
(7) Expenses incurred in research and development projects
related to economic development initiatives.
(b) A grant under this chapter may not be used by the organization
to provide direct financial assistance to a business or specific
development project.
(c) The corporation may award a grant under this chapter for the
provision or rehabilitation of low income housing only upon the
authorization of the office of the lieutenant governor. The office of
the lieutenant governor is responsible for administering a grant under
this chapter for the provision or rehabilitation of low income
housing. As added by P.L.4-2005, SEC.34.
IC 5-28-11-7 Matching funds required
Sec. 7. (a) A grant under this chapter must be matched by funds
raised by the organization from sources other than state funds. The
amount of the grant must equal:
(1) one dollar ($1) for every two dollars ($2) raised by the
organization, in the case of an organization that serves only one
(1) county; or
(2) one dollar ($1) for every one dollar ($1) raised by the
organization, in the case of an organization that serves at least
two (2) counties.
(b) A grant under this chapter may not exceed:
(1) fifty thousand dollars ($50,000), in the case of a grant to an
organization that serves only one (1) county; or
(2) seventy-five thousand dollars ($75,000), in the case of a
grant to an organization that serves at least two (2) counties.
As added by P.L.4-2005, SEC.34.
IC 5-28-11-8 Policies and guidelines; preferences
Sec. 8. (a) The corporation may adopt policies and guidelines
governing application criteria and procedures for organizations
applying for grants under this chapter.
(b) The corporation shall give preference in awarding grants to
organizations from or serving economically disadvantaged areas. As added by P.L.4-2005, SEC.34.
IC 5-28-11-9 Appropriations
Sec. 9. Money appropriated for the program may be used for the
costs of administering this chapter. As added by P.L.4-2005, SEC.34.
IC 5-28-11
Chapter 11. Local Economic Development Organization Grants
IC 5-28-11-1 "Economically disadvantaged area"
Sec. 1. As used in this chapter, "economically disadvantaged area"
has the meaning set forth in IC 6-3.1-9-1. As added by P.L.4-2005, SEC.34.
IC 5-28-11-2 "Local economic development organization"
Sec. 2. As used in this chapter, "local economic development
organization" (referred to as "organization") includes the following:
(1) An urban enterprise association established under
IC 5-28-15 (or IC 4-4-6.1 before its repeal).
(2) An economic development commission established under
IC 36-7-12.
(3) A nonprofit corporation established under state law whose
primary purpose is the promotion of industrial or business
development in Indiana, the retention or expansion of Indiana
businesses, or the development of entrepreneurial activities in
Indiana.
(4) A regional planning commission established under
IC 36-7-7.
(5) A nonprofit educational organization whose primary
purpose is educating and developing local leadership for
economic development initiatives.
(6) Other similar organizations whose purposes include
economic development and that are approved by the
corporation. As added by P.L.4-2005, SEC.34.
IC 5-28-11-3 "Program"
Sec. 3. As used in this chapter, "program" refers to the local
economic development organization grant program established by
section 4 of this chapter. As added by P.L.4-2005, SEC.34.
IC 5-28-11-4 Establishment and administration of program
Sec. 4. (a) The local economic development organization grant
program is established.
(b) The program is administered by the corporation. As added by P.L.4-2005, SEC.34.
IC 5-28-11-5 Appropriation does not expire
Sec. 5. An appropriation to the program does not expire or revert
to the state general fund at the end of a state fiscal year.
As added by P.L.4-2005, SEC.34.
IC 5-28-11-6 Grants; uses
Sec. 6. (a) The corporation may provide a grant under the program
to an organization to assist in the operation of the organization,
including any operations related to the provision of low income
housing or the rehabilitation of low income housing. Not more than
twenty-five percent (25%) of the grant amounts awarded under this
chapter may be awarded for the provision or rehabilitation of low
income housing. The grant may be used by the organization only to
pay for the following expenses:
(1) Employee salaries.
(2) Office and other facilities.
(3) Professional services provided under contract to the
organization.
(4) A strategic plan of economic development for any of the
areas served by the organization.
(5) Other similar administrative expenses of the organization.
(6) Expenses related to the development of specialized training
programs that benefit economic development initiatives.
(7) Expenses incurred in research and development projects
related to economic development initiatives.
(b) A grant under this chapter may not be used by the organization
to provide direct financial assistance to a business or specific
development project.
(c) The corporation may award a grant under this chapter for the
provision or rehabilitation of low income housing only upon the
authorization of the office of the lieutenant governor. The office of
the lieutenant governor is responsible for administering a grant under
this chapter for the provision or rehabilitation of low income
housing. As added by P.L.4-2005, SEC.34.
IC 5-28-11-7 Matching funds required
Sec. 7. (a) A grant under this chapter must be matched by funds
raised by the organization from sources other than state funds. The
amount of the grant must equal:
(1) one dollar ($1) for every two dollars ($2) raised by the
organization, in the case of an organization that serves only one
(1) county; or
(2) one dollar ($1) for every one dollar ($1) raised by the
organization, in the case of an organization that serves at least
two (2) counties.
(b) A grant under this chapter may not exceed:
(1) fifty thousand dollars ($50,000), in the case of a grant to an
organization that serves only one (1) county; or
(2) seventy-five thousand dollars ($75,000), in the case of a
grant to an organization that serves at least two (2) counties.
As added by P.L.4-2005, SEC.34.
IC 5-28-11-8 Policies and guidelines; preferences
Sec. 8. (a) The corporation may adopt policies and guidelines
governing application criteria and procedures for organizations
applying for grants under this chapter.
(b) The corporation shall give preference in awarding grants to
organizations from or serving economically disadvantaged areas. As added by P.L.4-2005, SEC.34.
IC 5-28-11-9 Appropriations
Sec. 9. Money appropriated for the program may be used for the
costs of administering this chapter. As added by P.L.4-2005, SEC.34.
IC 5-28-11
Chapter 11. Local Economic Development Organization Grants
IC 5-28-11-1 "Economically disadvantaged area"
Sec. 1. As used in this chapter, "economically disadvantaged area"
has the meaning set forth in IC 6-3.1-9-1. As added by P.L.4-2005, SEC.34.
IC 5-28-11-2 "Local economic development organization"
Sec. 2. As used in this chapter, "local economic development
organization" (referred to as "organization") includes the following:
(1) An urban enterprise association established under
IC 5-28-15 (or IC 4-4-6.1 before its repeal).
(2) An economic development commission established under
IC 36-7-12.
(3) A nonprofit corporation established under state law whose
primary purpose is the promotion of industrial or business
development in Indiana, the retention or expansion of Indiana
businesses, or the development of entrepreneurial activities in
Indiana.
(4) A regional planning commission established under
IC 36-7-7.
(5) A nonprofit educational organization whose primary
purpose is educating and developing local leadership for
economic development initiatives.
(6) Other similar organizations whose purposes include
economic development and that are approved by the
corporation. As added by P.L.4-2005, SEC.34.
IC 5-28-11-3 "Program"
Sec. 3. As used in this chapter, "program" refers to the local
economic development organization grant program established by
section 4 of this chapter. As added by P.L.4-2005, SEC.34.
IC 5-28-11-4 Establishment and administration of program
Sec. 4. (a) The local economic development organization grant
program is established.
(b) The program is administered by the corporation. As added by P.L.4-2005, SEC.34.
IC 5-28-11-5 Appropriation does not expire
Sec. 5. An appropriation to the program does not expire or revert
to the state general fund at the end of a state fiscal year.
As added by P.L.4-2005, SEC.34.
IC 5-28-11-6 Grants; uses
Sec. 6. (a) The corporation may provide a grant under the program
to an organization to assist in the operation of the organization,
including any operations related to the provision of low income
housing or the rehabilitation of low income housing. Not more than
twenty-five percent (25%) of the grant amounts awarded under this
chapter may be awarded for the provision or rehabilitation of low
income housing. The grant may be used by the organization only to
pay for the following expenses:
(1) Employee salaries.
(2) Office and other facilities.
(3) Professional services provided under contract to the
organization.
(4) A strategic plan of economic development for any of the
areas served by the organization.
(5) Other similar administrative expenses of the organization.
(6) Expenses related to the development of specialized training
programs that benefit economic development initiatives.
(7) Expenses incurred in research and development projects
related to economic development initiatives.
(b) A grant under this chapter may not be used by the organization
to provide direct financial assistance to a business or specific
development project.
(c) The corporation may award a grant under this chapter for the
provision or rehabilitation of low income housing only upon the
authorization of the office of the lieutenant governor. The office of
the lieutenant governor is responsible for administering a grant under
this chapter for the provision or rehabilitation of low income
housing. As added by P.L.4-2005, SEC.34.
IC 5-28-11-7 Matching funds required
Sec. 7. (a) A grant under this chapter must be matched by funds
raised by the organization from sources other than state funds. The
amount of the grant must equal:
(1) one dollar ($1) for every two dollars ($2) raised by the
organization, in the case of an organization that serves only one
(1) county; or
(2) one dollar ($1) for every one dollar ($1) raised by the
organization, in the case of an organization that serves at least
two (2) counties.
(b) A grant under this chapter may not exceed:
(1) fifty thousand dollars ($50,000), in the case of a grant to an
organization that serves only one (1) county; or
(2) seventy-five thousand dollars ($75,000), in the case of a
grant to an organization that serves at least two (2) counties.
As added by P.L.4-2005, SEC.34.
IC 5-28-11-8 Policies and guidelines; preferences
Sec. 8. (a) The corporation may adopt policies and guidelines
governing application criteria and procedures for organizations
applying for grants under this chapter.
(b) The corporation shall give preference in awarding grants to
organizations from or serving economically disadvantaged areas. As added by P.L.4-2005, SEC.34.
IC 5-28-11-9 Appropriations
Sec. 9. Money appropriated for the program may be used for the
costs of administering this chapter. As added by P.L.4-2005, SEC.34.
