§ 36-10-3-38 — Application of section; annexed territory; levy for park and recreational purposes; semiannual transfers in certain circumstances

(a) This section applies in a county having
a population of more than three hundred fifty thousand (350,000) and
less than four hundred thousand (400,000).
(b) This section applies only if a municipality annexes or has
annexed territory that is part of a district under this chapter after June
1, 1976.
(c) Any annexed territory that is in the district before the effective
date of the annexation ordinance remains a part of the district, and the
property in the annexed territory is subject to the same levy for park
and recreational purposes as other property within the district. The
annexing municipality may not impose an additional levy on the
property in the annexed territory for park and recreational purposes.
(d) Notwithstanding subsection (c), the district's fiscal officer shall
semiannually transfer to the annexing municipality's department
one-half (1/2) of the property tax revenue attributable to property taxes
imposed by the district on property that is within the annexed territory
and that was annexed after June 1, 1976, and before March 4, 1988.
(e) The fiscal officer for a district shall make the transfer required
under subsection (d) on June 1 and December 1 of each calendar year
beginning after December 31, 2018.
[Pre-Local Government Recodification Citation:
18-5-10-28.5.]
As added by Acts 1981, P.L.309, SEC.110. Amended by
P.L.56-1988, SEC.15; P.L.12-1992, SEC.190; P.L.212-2018(ss),
SEC.33; P.L.104-2022, SEC.217.