Sec. 16. This chapter shall not be construed to constrain a corporation‘s access to and immediate use of federal economic stimulus funds for alternative energy projects. Notwithstanding any provision of this chapter, any money that may become available to a corporation in connection with federal economic stimulus programs may not become part of the fund or an account established under this chapter without the consent of the corporation, which shall have access to federal economic stimulus funds:

(1) for the same uses; and

Terms Used In Indiana Code 8-1-13.1-16

  • 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: means a corporation organized under IC 8-1-13 as a local district corporation (as defined in IC 8-1-13-23(b)). See Indiana Code 8-1-13.1-4
  • fund: refers to the alternative energy incentive fund established by section 10 of this chapter. See Indiana Code 8-1-13.1-6
(2) in accordance with the same processes;

as any other energy utility (as defined in IC 8-1-2.5-2) may have access to or use federal economic stimulus money.

As added by P.L.151-2009, SEC.5.

  Previous section
Next section  
 Chapter 13.1 Contents