Leased Facilities; Conditions

  1. Law
  2. Indiana Code
  3. State and Local Administration
  4. Indiana Economic Development Corporation
  5. Small Business Incubator Program
  6. Leased Facilities; Conditions

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Sec. 15. A grant, loan, or loan guarantee for an incubator in a facility that is leased may be made only if the applicant intends to buy the facility. A loan or loan guarantee must be secured by a leasehold mortgage.

As added by P.L.4-2005, SEC.34.


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