IC 5-28-34-1 "Fund"
Sec. 1. As used in this chapter, "fund" means the green industries
fund 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" means
an Indiana business that manufactures products that reduce energy
consumption 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 fifty
percent (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 shall
be administered by the corporation.
(b) The fund may be used to provide grants and loans to Indiana
manufacturing companies for the following purposes:
(1) To strengthen Indiana's economy by focusing investment in
advanced manufacturing clusters focused on more energy
efficient and environmentally sustainable technologies,
processes, and products.
(2) To accelerate job creation through training and education
initiatives to enhance the skills and employment prospects of
Indiana's workforce in green industries.
(3) To facilitate the redevelopment of Indiana manufacturing
sites, facilities, and processes to operate in a more energy
efficient and environmentally sustainable manner.
(4) To stimulate the development of technologies, processes and
products that reduce energy consumption or lower emissions in
the market of their intended use.
(5) To encourage public-private partnerships focused on
development of green industries among Indiana manufacturing
companies, public or private educational institutions, nonprofit
organizations and charitable foundations, research and
development 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 meet
three (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 the
number and quality of jobs being created, the community's economic
need, and the capital investment being made by the applicant.
(c) A grant may not exceed fifty percent (50%) of the applicant's
project costs. As added by P.L.182-2009(ss), SEC.81.
IC 5-28-34-1 "Fund"
Sec. 1. As used in this chapter, "fund" means the green industries
fund 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" means
an Indiana business that manufactures products that reduce energy
consumption 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 fifty
percent (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 shall
be administered by the corporation.
(b) The fund may be used to provide grants and loans to Indiana
manufacturing companies for the following purposes:
(1) To strengthen Indiana's economy by focusing investment in
advanced manufacturing clusters focused on more energy
efficient and environmentally sustainable technologies,
processes, and products.
(2) To accelerate job creation through training and education
initiatives to enhance the skills and employment prospects of
Indiana's workforce in green industries.
(3) To facilitate the redevelopment of Indiana manufacturing
sites, facilities, and processes to operate in a more energy
efficient and environmentally sustainable manner.
(4) To stimulate the development of technologies, processes and
products that reduce energy consumption or lower emissions in
the market of their intended use.
(5) To encourage public-private partnerships focused on
development of green industries among Indiana manufacturing
companies, public or private educational institutions, nonprofit
organizations and charitable foundations, research and
development 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 meet
three (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 the
number and quality of jobs being created, the community's economic
need, and the capital investment being made by the applicant.
(c) A grant may not exceed fifty percent (50%) of the applicant's
project costs. As added by P.L.182-2009(ss), SEC.81.
IC 5-28-34-1 "Fund"
Sec. 1. As used in this chapter, "fund" means the green industries
fund 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" means
an Indiana business that manufactures products that reduce energy
consumption 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 fifty
percent (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 shall
be administered by the corporation.
(b) The fund may be used to provide grants and loans to Indiana
manufacturing companies for the following purposes:
(1) To strengthen Indiana's economy by focusing investment in
advanced manufacturing clusters focused on more energy
efficient and environmentally sustainable technologies,
processes, and products.
(2) To accelerate job creation through training and education
initiatives to enhance the skills and employment prospects of
Indiana's workforce in green industries.
(3) To facilitate the redevelopment of Indiana manufacturing
sites, facilities, and processes to operate in a more energy
efficient and environmentally sustainable manner.
(4) To stimulate the development of technologies, processes and
products that reduce energy consumption or lower emissions in
the market of their intended use.
(5) To encourage public-private partnerships focused on
development of green industries among Indiana manufacturing
companies, public or private educational institutions, nonprofit
organizations and charitable foundations, research and
development 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 meet
three (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 the
number and quality of jobs being created, the community's economic
need, and the capital investment being made by the applicant.
(c) A grant may not exceed fifty percent (50%) of the applicant's
project costs. As added by P.L.182-2009(ss), SEC.81.
