IC 4-4-28-11: Annual reports

Sec. 11. (a) Each community development corporation or community based organization shall annually provide the authority with information needed to determine:

(1) the number of accounts administered by the community development corporation or community based organization;

(2) the length of time each account under subdivision (1) has been established; and

(3) the amount of money an individual has deposited into each account under subdivision (1).

(b) The authority shall use the information provided under subsection (a) to deposit the correct amount of money into each account as provided in section 12 of this chapter.