Indiana Senate Bill 406 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 14 2021 - 25% progression, died in committee
Action: 2021-01-14 - First reading: referred to Committee on Appropriations
Pending: Senate Appropriations Committee
Text: Latest bill text (Introduced) [PDF]

Community development fund. Establishes the Indiana local projects fund (fund) to provide grants to nonprofit organizations and units of local government. Provides that the Indiana economic development corporation (corporation) shall administer the fund. Defines "nonprofit organization" as a nonprofit organization whose primary purpose is community development and revitalization. Provides that the fund is to support proposals for local community development and revitalization, including job creation. Provides that grants may not exceed $5,000,000 per project. Provides that grants must be matched by the applicant. Provides that the board of the corporation shall form a strategic review committee to review applications for grants. Specifies the criteria the board shall consider in making a grant.

Community development fund.

Sen. Fady Qaddoura [D]

Date	Chamber	Action
2021-01-14	Senate	First reading: referred to Committee on Appropriations
2021-01-14	Senate	Authored by Senator Qaddoura

Type	Source
Summary	https://iga.in.gov/legislative/2021/bills/senate/406/details
Text	http://iga.in.gov/static-documents/b/1/6/7/b16735ab/SB0406.01.INTR.pdf
Supplement	http://iga.in.gov/static-documents/7/c/6/0/7c60ecde/SB0406.01.INTR.FN001.pdf
Supplement	http://iga.in.gov/static-documents/2/1/9/4/2194f23b/SB0406.01.INTR.FN002.pdf