To qualify for a grant or loan from a fund, an individual must be:

1. (1) a graduate of an Indiana college or university who:

   1. (A) was a resident of another state before enrolling at the Indiana college or university;
   2. (B) relocates to a location within the unit; and
   3. (C) accepts and commences employment with an employer located within the unit under the terms of an incentive agreement;
2. (2) an out-of-state resident who relocates to a location within the unit in order to accept and commence employment with an employer located within the unit under the terms of an incentive agreement; or
3. (3) an out-of-state resident who relocates to a location within the unit and works remotely for an employer, regardless of the employer's domicile.

As added by P.L.135-2022, SEC.22.