§ 36-7-13-12.5 — Petition for modification of district boundaries; budget committee and budget agency findings; certification of boundaries

Indiana § 36-7-13-12.5

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 13: Industrial Development

Text

5. (a) An advisory commission on
industrial development that designates a district under section 12 or
12.1 of this chapter or the legislative body of a county or municipality
that adopts an ordinance designating a district under section 10.5 of
this chapter may petition for permission to modify the boundaries of the
district. The petition must be submitted to the budget committee for
review and recommendation to the budget agency.
(b) When considering a petition submitted under subsection (a), the
budget committee and the budget agency must make the following
findings:
(1) The area to be added to the district, if any, meets the
conditions necessary for designation as a district under section
10.5, 12, or 12.1 of this chapter.
(2) The proposed modification of the district will benefit the
people of Indiana by protecting or increasing state and local tax
bases and tax revenues for at least the duration of the district.
(c) Upon approving a petition submitted under subsection (a), the
budget agency shall certify the district's modified boundaries to the
department of state revenue.

Legislative History

As added by P.L.81-2004, SEC.36 and P.L.90-2004, SEC.9.