HB 1097

Bill Subjects

Budgets And Appropriations Foods; Food And Beverage Taxes Loans Nonprofit Corporations And Organizations Public Funds United States Government

Abstract

Establishes the healthy food incubator program (program) and healthy food incubator fund (fund) under the administration of the Indiana housing and community development authority (IHCDA). Provides that the purpose of the fund is to provide financing in the form of loans or grants for projects that increase the availability of fresh and nutritious food in underserved communities. Defines an "underserved community" as a census tract determined to be an area with low supermarket access: (1) by the United States Department of Agriculture; or (2) as identified through a methodology used by another healthy food initiative. Provides that the IHCDA may contract with one or more nonprofit organizations or community development financial institutions to administer the program through a public-private partnership. Provides that an applicant for a grant or a loan under the program must: (1) demonstrate the capacity to successfully implement the project and the ability to repay the loan; and (2) agree to satisfy certain conditions. Requires the IHCDA to monitor projects receiving financing under the program and submit a report annually to the legislative council that includes the number and types of jobs created, and the health initiatives associated with the program. Continuously appropriates money in the fund. Makes an appropriation to the fund.