Indiana Code 5-28-29-35. Capital access account
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Sec. 35. (a) The corporation shall establish a capital access account. The corporation shall use the capital access account to carry out the provisions of the capital access program. The capital access account consists of all money that is:
(2) transferred by the corporation from the industrial development guaranty fund; or
(1) appropriated by the general assembly;
Terms Used In Indiana Code 5-28-29-35
- capital access account: means an account created by the corporation for the purposes of the capital access program. See Indiana Code 5-28-29-4
- 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.
- program: refers to the capital access program created by this chapter. See Indiana Code 5-28-29-11
(3) transferred by the corporation from the general funds of the corporation.
(b) The expenses of the corporation attributable and allocated by the corporation to the capital access program shall be paid from the capital access account.
As added by P.L.162-2007, SEC.24.