Indiana Code 6-2.5-15-14. Specific transaction award certificate to make purchases that are exempt; duration of certificate
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Sec. 14. (a) A qualified data center user that holds an interest in a qualified data center may apply to the corporation for a specific transaction award certificate to make purchases, other than the purchase of utilities described in IC 6-2.5-4-5, that are exempt under this chapter. The request must be on a form prescribed by the corporation.
(c) If the corporation issues a specific transaction award certificate under this chapter, the certificate must state that the facility is a qualified data center.
(b) The corporation has exclusive authority over issues related to issuing a specific transaction award certificate.
Terms Used In Indiana Code 6-2.5-15-14
- 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.
- corporation: refers to the Indiana economic development corporation established under IC 5-28-3, unless context clearly denotes otherwise. See Indiana Code 6-2.5-15-1
- facility: means one (1) or more tracts of land in Indiana and any structures and personal property contained on the land for the operation of a data center in either a single location or multiple distributed locations. See Indiana Code 6-2.5-15-5
- interest in a qualified data center: means an entity that is the owner, operator, or qualified colocation tenant in a qualified data center. See Indiana Code 6-2.5-15-6
- qualified data center: means one (1) or more buildings that:
Indiana Code 6-2.5-15-10
- qualified investment: means , with respect to a qualified data center, the aggregate nonduplicative eligible data center costs expended by any entity with an interest in the qualified data center. See Indiana Code 6-2.5-15-13
(d) A specific transaction award certificate issued by the corporation shall expire not later than:
(A) twenty-five (25) years after the date of issuance; or
(B) fifty (50) years after the date of issuance if the qualified investment is seven hundred fifty million dollars ($750,000,000) or greater.
As added by P.L.256-2019, SEC.2.