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Indiana Code Title 4. State Offices and Administration § 4-3-23.1-16

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 16. (a) The commercial solar and wind energy ready communities incentive fund may be established by the office for the purpose of:

(1) providing payments to commercial solar energy ready communities under section 13(d) of this chapter;  and

(2) providing payments to wind energy ready communities under section 14(d) of this chapter.

(b) The fund, if established, shall be administered by the office.

(c) The fund, if established, shall consist of:

(1) grants, gifts, and donations intended for deposit in the fund;

(2) federal funds;

(3) interest that accrues from money in the fund;  and

(4) any amounts returned to the fund by units under section 13(d) or 14(d) of this chapter.

(d) 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 money may be invested.

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Cite this article: FindLaw.com - Indiana Code Title 4. State Offices and Administration § 4-3-23.1-16 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-4-state-offices-and-administration/in-code-sect-4-3-23-1-16/

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