Indiana § 5-28-24-9 - Establishment and purpose of investment incentive fund; administration
Full text of Indiana Indiana Code § 5-28-24-9 — Establishment and purpose of investment incentive fund; administration, with citation guidance and answers to common questions.
§ 5-28-24-9. Establishment and purpose of investment incentive fund; administration
Sec. 9. (a) The investment incentive fund is established within the state treasury to provide grants and loans to counties and municipalities.
(b) The fund consists of appropriations from the general assembly and loan repayments.
(c) The corporation shall administer the fund. The following may be paid from money in the fund:
(1) Expenses of administering the fund.
(2) Nonrecurring administrative expenses incurred to carry out the purposes of this chapter.
(d) Earnings from loans made under this chapter shall be deposited the fund.
(e) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. Interest that accrues from these investments shall be deposited in the state general fund.
As added by P.L.4-2005, SEC.34.
IC 5-28-25Chapter 25. Industrial Development Grant Fund
5-28-25-1"Eligible entity" 5-28-25-2"Fund" 5-28-25-3"Industrial development program" 5-28-25-4Fund established; powers of corporation; administration 5-28-25-5Grants; use of grants
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 5-28-24-9
What does Indiana Code § 5-28-24-9 cover?
Section 5-28-24-9 ("Establishment and purpose of investment incentive fund; administration") 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 § 5-28-24-9?
A common citation format is "Indiana Code § 5-28-24-9" (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 § 5-28-24-9 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
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