Indiana § 5-28-30-5 - "Industrial development project"
Full text of Indiana Indiana Code § 5-28-30-5 — "Industrial development project", with citation guidance and answers to common questions.
§ 5-28-30-5. "Industrial development project"
Sec. 5. As used in this chapter, "industrial development project" includes the acquisition of land, interests in land, site improvements, infrastructure improvements (including information and high technology infrastructure (as defined in IC 5-28-9-4)), buildings, or structures, rehabilitation, renovation, and enlargement of buildings and structures, machinery, equipment, furnishings, or facilities (or any combination of these), comprising or being functionally related and subordinate to any of the following:
(1) A manufacturing enterprise.
(2) A business service enterprise involved in:
(A) computer and data processing services; or
(B) commercial testing services.
(3) A business enterprise the primary purpose of which is the operation of an education and permanent marketing center for manufacturers and distributors of robotic and flexible automation equipment.
(4) Any other business enterprise, if the use of the guaranty program creates a reasonable probability that the effect on Indiana employment will be creation or retention of at least fifty (50) jobs.
(5) An agricultural enterprise in which:
(A) the enterprise operates under a producer or growout agreement; and
(B) the output of the enterprise is processed predominantly in Indiana.
(6) A business enterprise that is required by a state, federal, or local regulatory agency to make capital expenditures to remedy a violation of a state or federal law or a local ordinance.
(7) A recycling market development project.
(8) A high growth company with high skilled jobs.
As added by P.L.162-2007, SEC.25. Amended by P.L.177-2018, SEC.8; P.L.189-2018, SEC.50; P.L.215-2018(ss), SEC.2.
Frequently Asked Questions About Indiana § 5-28-30-5
What does Indiana Code § 5-28-30-5 cover?
Section 5-28-30-5 (""Industrial development project"") 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 § 5-28-30-5?
A common citation format is "Indiana Code § 5-28-30-5" (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 § 5-28-30-5 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.