§ 36-10-10-14 — Lease; notice of execution; filing and certification of objections; hearing and decision by department of local government finance

(a) If the execution of the lease is
authorized, notice of the execution shall be given on behalf of the city
by publication one (1) time in a newspaper of general circulation
printed in the English language and published in the city. Fifty (50) or
more taxpayers in the city whose tax rate will be affected by the
proposed lease and who may be of the opinion that no necessity exists
for the execution of the lease, or that the lease rental is not fair and
reasonable, may file a petition in the office of the city clerk within
fifteen (15) days after publication of notice of the execution of the
lease, setting forth their objections and the facts supporting those
objections.
(b) Upon the filing of a petition, the city clerk shall immediately
certify a copy, together with other data that is necessary in order to
present the questions involved, to the department of local government
finance. Upon receipt of a certified petition and information, the
department of local government finance shall set a time for the hearing
of the matter in the city where the petition originated. The hearing shall
be held at least five (5) but not more than fifteen (15) days after receipt
of the petition by the department of local government finance. The
department of local government finance may either hold the hearing in
the affected county or through electronic means. Notice of the hearing
shall be given by the department of local government finance to the city
executive and to the first ten (10) taxpayer petitioners on the petition
by certified mail sent to the addresses listed on the petition at least five
(5) days before the date of the hearing. After the hearing, the
department of local government finance shall promptly issue its
decision on the petition.
As added by Acts 1982, P.L.218, SEC.4. Amended by
P.L.90-2002, SEC.523; P.L.38-2021, SEC.107.