"Qualified applicant"
Ind. Code § 6-3.1-38.1-2
in effectSec. 2. As used in this chapter, "qualified applicant" means:
(1) a short line rail company located in whole or in part in Indiana that is classified by the United States Surface Transportation Board as a Class II or Class III railroad that makes qualified railroad expenditures; or
(2) an owner or lessee of a rail siding, industrial spur, or industry track located:
(A) on or adjacent to a Class II or Class III railroad in Indiana; or
(B) in a qualified rural county;
that makes qualified new rail infrastructure expenditures.
As added by P.L.173-2025, SEC.2.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/6Fetched: 10/17/2026