§ 14-33-2-2 — Minimum number of freeholders signing petition; requirements

Indiana § 14-33-2-2

• Jurisdiction: Indiana
• Art. 33: CONSERVANCY DISTRICTS
• Ch. 2: Establishment

Text

A petition filed under section 1 of this chapter
must be signed by freeholders owning land in the proposed district. The
signatures of freeholders on the petition must be sufficient to satisfy
both of the following requirements:
(1) The freeholders signing the petition must constitute at least
the following minimum number or proportion of all the
freeholders in the proposed district:
(A) Districts of not more than five thousand (5,000) freeholds,
thirty percent (30%) of the freeholders.
(B) Districts of at least five thousand one (5,001) and not more
than twenty-five thousand (25,000) freeholds, fifteen percent
(15%) of the freeholders but not less than one thousand (1,000)
signatures.
(C) Districts of at least twenty-five thousand one (25,001)
freeholds, ten percent (10%) of the freeholders but not less than
three thousand (3,000) signatures.
(2) The freeholders signing the petition must own at least
fifty-one percent (51%) of the assessed valuation of the real
property located within the boundaries of the proposed
conservancy district, as determined by the most recent assessment
of the real property in the proposed conservancy district for
property tax purposes, excluding the assessed valuation of any
real property located within the boundaries of the proposed
conservancy district that would be exempt under this article from
a special benefit tax levied by the proposed conservancy district
or that is exempt from property taxes imposed under IC 6-1.1.
[Pre-1995 Recodification Citation: 13-3-3-8(a).]

Legislative History

As added by P.L.1-1995, SEC.26. Amended by P.L.251-2019, SEC.3.