Subject to section 5 of this chapter, the corporation may make a loan from the fund to a business located in Indiana if the corporation makes a written finding that the loan would accomplish the purposes of this chapter by enabling the business to carry out a project or projects that will do any of the following:

1. (1) Improve the technological capacity or productivity of the business.
2. (2) Enhance the protection of Indiana's environment.
3. (3) Permit the business to expand facilities, establish new facilities, or make site improvements or infrastructure improvements.

As added by P.L.162-2007, SEC.27.