1. (a) As used in this section the term, "recipient of state funds" does not include a public depository designated under IC 5-13-9.5-3 .

2. (b) Any person or entity that is designated an affiliate of a foreign terrorist organization shall:

   1. (1) be denied all state funds provided by any state agency, including:

      1. (A) funding;
      2. (B) benefits; or

      3. (C) other forms of support;

         received or provided, directly or indirectly, from the state;

   2. (2) be prohibited from entering into any contract with the state; and

   3. (3) be denied any:

      1. (A) employment;
      2. (B) tax benefit;
      3. (C) privilege; or
      4. (D) other form of a state benefit or privilege, whether provided or received directly or indirectly.
3. (c) No public university, community college, school district, or other recipient of state funds may, after the date the governor designates that a person or entity is an affiliate of a foreign terrorist organization under section 13 of this chapter, knowingly provide a grant, contract, loan, tax credit, tax exemption, or other financial benefit to an affiliate of a foreign terrorist organization.

As added by P.L.131-2026, SEC.2.