{"data":{"id":"us-in/ic-4-8.1-1-7","jurisdiction":"us-in","citation":"IC 4-8.1-1-7","heading":"Deposit of certain funds","body":"Sec. 7. (a) As used in this section, \"private entity\" means a corporation or other business entity that uses facilities that were financed, in whole or in part, with the proceeds of bonds issued by the Indiana finance authority under IC 8-9.5, IC 8-14.5, or IC 8-21-12.\n(b) If a private entity makes a payment to the state under an agreement requiring the recipient to make such a payment upon failure to achieve prescribed levels of investment, employment, or wages at the facilities described in subsection (a), the payment shall be deposited in the state general fund.","path":["TITLE 4. STATE OFFICES AND ADMINISTRATION","ARTICLE 8.1. TREASURER OF STATE","Chapter 1. The State Treasury"],"source_url":"https://iga.in.gov/ic/2026/Title_4.html#4-8.1-1-7","current_through":"2026","vintage":"2026","retrieved_at":"2026-08-30T06:26:00Z","sha256":"87d55cba7126e5b0bfc8f72ab304efee68a9c3acfcdbc6225cd87e30630bfea9","source_id":"us-in","stale":false,"prev":"us-in/ic-4-8.1-1-6","next":"us-in/ic-4-8.1-1-8"},"notice":"GroundRules: Original legal text. Not legal advice."}