Note: This version of section effective until 1-1-2026. See also following version of this section, effective 1-1-2026.

Sec. 14. (a) A qualified data center user that holds an interest in a qualified data center may apply to the corporation for a specific transaction award certificate to make purchases, other than the purchase of utilities described in IC 6-2.5-4-5 , that are exempt under this chapter. The request must be on a form prescribed by the corporation.

1. (b) The corporation has exclusive authority over issues related to issuing a specific transaction award certificate.
2. (c) If the corporation issues a specific transaction award certificate under this chapter, the certificate must state that the facility is a qualified data center.

3. (d) A specific transaction award certificate issued by the corporation shall expire not later than:

   1. (A) twenty-five (25) years after the date of issuance; or
   2. (B) fifty (50) years after the date of issuance if the qualified investment is seven hundred fifty million dollars ($750,000,000) or greater.

As added by P.L.256-2019, SEC.2.