Indiana § 5-28-42-7 - Establishment of fund; purpose
Full text of Indiana Indiana Code § 5-28-42-7 — Establishment of fund; purpose, with citation guidance and answers to common questions.
§ 5-28-42-7. Establishment of fund; purpose
Sec. 7. (a) The small business restart grant fund is established. The corporation shall administer the fund.
(b) The fund shall be used to award grants to eligible entities in accordance with this chapter.
(c) The fund consists of:
(1) appropriations by the general assembly;
(2) money received from any state or federal grants or programs, including any federal grant or program enacted to provide economic relief in response to the coronavirus disease (COVID-19) pandemic; and
(3) grants, gifts, and donations intended for deposit in the fund, including transfers from other accounts or funds.
(d) The expenses of administering the fund shall be paid from money in the fund.
(e) Money in the fund at the end of a state fiscal year that was allotted to the fund from a federal grant or program reverts to the state general fund only to the extent allowed by federal law.
(f) To the extent possible, the corporation shall award grants using funds received from a federal grant or program before using funds appropriated from the state general fund.
As added by P.L.82-2021, SEC.1.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 5-28-42-7
What does Indiana Code § 5-28-42-7 cover?
Section 5-28-42-7 ("Establishment of fund; purpose") 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 § 5-28-42-7?
A common citation format is "Indiana Code § 5-28-42-7" (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 § 5-28-42-7 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.