Indiana Code 5-28-10-17. Grants to political subdivisions
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Terms Used In Indiana Code 5-28-10-17
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- fund: refers to the technology development grant fund established by section 7 of this chapter. See Indiana Code 5-28-10-1
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 17. The corporation may, under rules established by the department of local government finance and the procedures established by the corporation, award grants from the fund to one (1) or more political subdivisions to reimburse the political subdivisions for ad valorem property taxes allocated to an allocation area as a result of a resolution adopted under IC 36-7-32-15.
As added by P.L.4-2005, SEC.34.