Indiana Code 4-4-32.2-11. Office determines amount of grant; limit on amount
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Sec. 11. (a) Subject to subsection (b) and section 13 of this chapter, the office shall determine the amount of each grant awarded under this chapter.
(1) The amount of the grant recipient’s qualified investment for the location.
(b) The amount of a grant awarded under this chapter for a location may not exceed the lesser of the following:
Terms Used In Indiana Code 4-4-32.2-11
- location: refers to one (1) or more parcels of land that:
Indiana Code 4-4-32.2-4
- office: refers to the Indiana office of energy development established by IC 4-3-23-3. See Indiana Code 4-4-32.2-7
- qualified investment: refers to an ordinary and usual expense that is incurred after June 30, 2009, to purchase any part of an alternative fuel compatible fueling station for the purpose of:
Indiana Code 4-4-32.2-8
(2) Twenty thousand dollars ($20,000).
(c) The amount of a grant awarded under this chapter for a location may be less than the amount of the grant recipient’s qualified investment for the location.
As added by P.L.151-2009, SEC.1.