Section 5-28-41-16 - Policy framework for a READI program; approval by the board; review by the budget committee(a) Before July 1, 2021, the corporation shall develop a policy that establishes the framework for a READI program.(b) The policy developed by the corporation shall include detailed information outlining: (1) the entities that are eligible to submit applications for a grant or loan from the fund;(2) the elements of a regional economic acceleration and development strategy, and the information a regional economic acceleration and development strategy must contain in order to make projects to implement the strategy eligible for a grant or loan from the fund;(3) the types of projects that are eligible for financial support from the fund; and(4) the criteria that will be used by a strategic review committee and the board to analyze applications for a grant or loan from the fund.(c) The policy developed by the corporation must be approved by the board after review by the budget committee.Added by P.L. 165-2021,SEC. 64, eff. 4/29/2021.