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2018 Indiana Code
TITLE 4. State Offices and Administration
ARTICLE 10. STATE FUNDS GENERALLY
CHAPTER 18. The Counter-Cyclical Revenue and Economic Stabilization Fund
4-10-18-15. Use of proceeds
Universal Citation: IN Code § 4-10-18-15 (2018)
IC 4-10-18-15 Use of proceeds
Sec. 15. (a) Money in the economic growth initiatives account may be used only for grants to or for the benefit of political subdivisions for costs of qualified economic growth initiatives.
(b) Making grants for qualified economic growth initiatives under this chapter will serve a public purpose by creating and retaining jobs and promoting economic growth and development within Indiana and will serve essential governmental functions and public activities within Indiana.
As added by P.L.28-1993, SEC.4.
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