Ind. Code § 4-4-32.3-7
Office may award grants to units; award amount and limitations
- (a) Subject to subsections (d) and (e), the office may award a grant under this chapter to a unit that makes a qualified purchase.
(b) Subject to subsection (c) and section 9 of this chapter, the amount of a grant that may be awarded under this chapter to a unit equals the amount determined under STEP FOUR of the following formula:
STEP ONE: Determine the product of:
- (A) two thousand dollars ($2,000); multiplied by
(B) the number of alternative fuel vehicles purchased by the unit.
STEP TWO: For each alternative fuel conversion kit purchased by the unit, determine the lesser of:
- (A) two thousand dollars ($2,000); or
(B) the actual cost of the alternative fuel conversion kit.
STEP THREE: Determine the sum of all amounts determined under STEP TWO.
STEP FOUR: Add the amounts determined under STEPS ONE and THREE.
(c) In the guidelines adopted by the office under section 8(1) of this chapter, the office may limit the:
- (1) number of alternative fuel vehicles; or
(2) number of alternative fuel conversion kits;
for which a unit may receive a grant under this chapter.
- (d) A recipient of a grant awarded under this chapter must comply with any guidelines developed by the office in connection with grants awarded under this chapter.
- (e) The office may not award more than one (1) grant under this chapter to any one (1) unit.
As added by P.L.151-2009, SEC.2.