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

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 or a quantum computing research, advanced computing, and defense infrastructure network, as applicable.

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

   1. (1) twenty-five (25) years after the date of issuance;
   2. (2) in the case of a qualified data center user, fifty (50) years after the date of issuance if the qualified investment is seven hundred fifty million dollars ($750,000,000) or greater; or
   3. (3) in the case of a quantum computing research, advanced computing, and defense infrastructure network operator, fifty (50) years after the date of issuance if the qualified investment is fifty million dollars ($50,000,000) or greater within three (3) years of the issuance of the transaction award certificate.

Revisor's Note: The effective date of amendment of IC 6-2.5-15-14 by P.L.178-2025, SEC.14 was changed to 1-1-2026 by P.L.213-2025, SEC.337.

Sec. 14. (a) A qualified data center user or a quantum computing research, advanced computing, and defense infrastructure network operator that holds an interest in a qualified data center or an interest in a quantum computing research, advanced computing, and defense infrastructure network 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.

As added by P.L.256-2019, SEC.2. Amended by P.L.178-2025, SEC.14.