Indiana § 4-4-28-8 - Duties of community development corporation or community based organization
Full text of Indiana Indiana Code § 4-4-28-8 — Duties of community development corporation or community based organization, with citation guidance and answers to common questions.
§ 4-4-28-8. Duties of community development corporation or community based organization
Sec. 8. (a) A community development corporation or community based organization shall do the following:
(1) Determine whether an individual who wants to establish an account is a qualifying individual.
(2) Administer, through a financial institution, and act as trustee for each account established through the community development corporation or community based organization.
(3) Approve or deny an individual's request to make a withdrawal from the individual's account.
(4) Provide or arrange for training in money management, budgeting, and related topics for each individual who establishes an account.
(b) A community development corporation or community based organization may approve a qualifying individual's request to make a withdrawal from an account to purchase a motor vehicle if the purpose of the purchase is primarily to transport the individual to and from work, postsecondary education, or an accredited or licensed training program intended to lead to employment of the individual or a dependent of the individual.
As added by P.L.15-1997, SEC.1. Amended by P.L.50-2016, SEC.5; P.L.124-2024, SEC.5.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 4-4-28-8
What does Indiana Code § 4-4-28-8 cover?
Section 4-4-28-8 ("Duties of community development corporation or community based organization") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 4-4-28-8?
A common citation format is "Indiana Code § 4-4-28-8" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 4-4-28-8 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.