§ 13-26-2-10 — Order

(a) If the commissioner determines that the
findings show that the establishment of a recommended district:
(1) complies with the conditions of this chapter for establishment
of a district; and
(2) appears capable of accomplishing the purpose or purposes in
an economically feasible manner;
the commissioner shall issue an order directing that the district be
established as an independent municipal corporation with a name and
for the purposes designated in the order.
(b) An order must do the following:
(1) Provide for the selection or appointment and terms of offices,
not to exceed four (4) years, of the board.
(2) Provide requirements for sufficient bond for all officers,
trustees, or employees having power to dispense money of the
district.
(3) If an eligible entity with territory in the district has a public
water or solid waste sewer system, contain provisions protecting
the investments of the entities and protecting the rights of the
holders of bonds or other obligations issued to provide money for
the system.
(4) Direct the district to file a detailed plan for the initial project
of the district not later than nine (9) months after the date of the
preliminary order or within a further time that the department
from time to time orders.
[Pre-1996 Recodification Citation: 13-3-2-5(c), (e)
part.]

Legislative History

As added by P.L.1-1996, SEC.16.