§ 36-1-7-11.5 — "Economic development project"; agreements related to economic development projects

Indiana § 36-1-7-11.5

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 1: GENERAL PROVISIONS
• Ch. 7: Interlocal Cooperation

Text

5. (a) As used in this section, "economic
development project" has the meaning set forth in IC 6-3.6-2-8. The
term also includes any project related to transportation services,
transportation infrastructure, or the development or construction of a
hotel or other tourism destination.
(b) An entity entering into an agreement under this chapter that is
related to an economic development project may do any of the
following to carry out the agreement:
(1) After appropriation by the entity's fiscal body, transfer money
derived from any source to any of the following:
(A) One (1) or more entities that have entered into the
agreement.
(B) An economic development entity (as defined in section 15
of this chapter) established by an entity that has entered into the
agreement.
(C) A regional development authority, including the northwest
Indiana regional development authority established by IC 36-7.5-2-1.
(D) A regional transportation authority including the regional
bus authority established under IC 36-9-3-2(c).
(2) Transfer any property or provide personnel, services, or
facilities to any entity or authority described in subdivision (1)(A)
through (1)(D).

Legislative History

As added by P.L.169-2006, SEC.45. Amended by P.L.197-2016, SEC.119.