§ 36-7-14-12.7 — Requirement for commission to file annual spending plan for next calendar year; use of money only for purposes set forth in the plan; failure to submit a plan

Indiana § 36-7-14-12.7

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 14: Redevelopment of Areas Needing Redevelopment

Text

7. (a) Not later than December 1 each year,
the redevelopment commissioners shall file with the department of
local government finance and with the unit's executive and fiscal body
a report setting out a spending plan for the next calendar year
describing planned expenditures. The spending plan must be filed in
the manner prescribed by the department of local government finance.
(b) A redevelopment commission may use money from the
redevelopment commission's allocation fund described in section
39(b)(4) of this chapter and any other fund maintained by the
redevelopment commission only for the purposes provided in the
annual spending plan described in subsection (a).
(c) The department of local government finance shall, before
February 1, 2025, and before February 1 of each year thereafter, submit
a report of the redevelopment commissions that failed to submit the
spending plan required under subsection (a) to the legislative services
agency for distribution to the members of the legislative council. The
report must be in an electronic format under IC 5-14-6.

Legislative History

As added by P.L.236-2023, SEC.172.