Sec. 7. The board, upon approval by the governor and the budget agency, may make the following expenditures:
(1) Matching grants to federal, state, and local governmental agencies for research and development of:
(A) recycling projects; and
(B) recycling market development projects;
in Indiana.
(2) Matching grants to individuals, corporations, limited liability companies, partnerships, educational institutions, and other private sector groups for recycling and recycling market research and development.
(3) Direct grants, loans, or loan guarantees to those individuals and organizations specified in subdivision (1) or (2) of this section.
(4) Contractual services for recycling and recycling market research and development programs.
(5) Other projects and expenses consistent with this chapter.
As added by Acts 1980, P.L.20, SEC.1. Amended by P.L.8-1993, SEC.30; P.L.27-1993, SEC.12; P.L.1-1994, SEC.11; P.L.204-2007, SEC.9.