Indiana Code 5-28-18-9. Loan application; requirements

Sec. 9. A local board may apply for a loan from the fund. A local board’s application for a loan must include the following information:

(1) The total amount of the loan requested from the fund.

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 small business development fund established by section 7 of this chapter. See Indiana Code 5-28-18-2
local board: means the:
Indiana Code 5-28-18-3
local pool: includes both a local investment pool established under section 12 of this chapter and a local opportunity pool established under section 13 of this chapter. See Indiana Code 5-28-18-4

(2) The total amount of matching funds to be provided from the local pool operated by the local board and the sources of those matching funds.

(3) A detailed description of the local pool, including its investment criteria.

(4) The impact of the proposed loan on job production in the area served by the local pool.

(5) Any other information requested by the corporation.

As added by P.L.4-2005, SEC.34.