§ 36-7-14-13 — Annual reports; contents; subject to laws of general nature; presentment of report at a public meeting

(a) Not later than April 15 of each year, the
redevelopment commissioners or their designees shall file with the
unit's executive and fiscal body a report setting out their activities
during the preceding calendar year. The redevelopment commissioners
or their designees shall also present the report to the unit's fiscal body
at a public meeting.
(b) The report of the commissioners of a municipal redevelopment
commission must show the names of the then qualified and acting
commissioners, the names of the officers of that body, the number of
regular employees and their fixed salaries or compensation, the amount
of the expenditures made during the preceding year and their general
purpose, an accounting of the tax increment revenues expended by any
entity receiving the tax increment revenues as a grant or loan from the
commission, the amount of funds on hand at the close of the calendar
year, and other information necessary to disclose the activities of the
commissioners and the results obtained.
(c) The report of the commissioners of a county redevelopment
commission must show all the information required by subsection (b),
plus the names of any commissioners appointed to or removed from
office during the preceding calendar year.
(d) A copy of each report filed under this section must be submitted
to the department of local government finance in an electronic format.
(e) The report required under subsection (a) must also include the
following information set forth for each tax increment financing district
regarding the previous year:
(1) Revenues received.
(2) Expenses paid.
(3) Fund balances.
(4) The amount and maturity date for all outstanding obligations.
(5) The amount paid on outstanding obligations.
(6) A list of all the parcels and the depreciable personal property
of any designated taxpayer included in each tax increment
financing district allocation area and the base assessed value and
incremental assessed value for each parcel and the depreciable
personal property of any designated taxpayer in the list.
(7) To the extent that the following information has not previously
been provided to the department of local government finance:
(A) The year in which the tax increment financing district was
established.
(B) The section of the Indiana Code under which the tax
increment financing district was established.
(C) Whether the tax increment financing district is part of an
area needing redevelopment, an economic development area, a
redevelopment project area, or an urban renewal project area.
(D) If applicable, the year in which the boundaries of the tax
increment financing district were changed and a description of
those changes.
(E) The date on which the tax increment financing district will
expire.
(F) A copy of each resolution adopted by the redevelopment
commission that establishes or alters the tax increment
financing district.
(8) Amounts distributed to other units, if applicable.
(9) Only in the case of an allocation area established for a
residential housing development program, the number of houses
completed under the residential housing development program
and the average price of the houses sold in the allocation area.
(f) A redevelopment commission and a department of
redevelopment are subject to the same laws, rules, and ordinances of
a general nature that apply to all other commissions or departments of
the unit.
[Pre-Local Government Recodification Citations: 18-7-7-36;
18-7-7.1-37.]
As added by Acts 1981, P.L.309, SEC.33. Amended by Acts
1981, P.L.310, SEC.88; P.L.112-2012, SEC.54; P.L.105-2013, SEC.4;
P.L.218-2013, SEC.15; P.L.149-2014, SEC.8; P.L.5-2015, SEC.67;
P.L.87-2015, SEC.2; P.L.204-2016, SEC.33; P.L.255-2017, SEC.35;
P.L.236-2023, SEC.173.