Indiana Code 36-1-29.5-4. “Qualified nonprofit organization”
Current as of: 2023 | Check for updates
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Terms Used In Indiana Code 36-1-29.5-4
- fund: means a workforce retention and recruitment fund established by the fiscal officer of a unit under section 9 of this chapter. See Indiana Code 36-1-29.5-1
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Sec. 4. As used in this chapter, “qualified nonprofit organization” means a private, nonprofit entity formed as a partnership between one (1) or more units, private sector businesses, or community or philanthropic organizations to develop and implement a workforce retention and recruitment strategy that has an organizational structure that conforms with the requirements of a policy developed by the workforce fund managers under section 10 of this chapter.
As added by P.L.135-2022, SEC.22.