Indiana § 36-7-14-2.5 Economic development areas; public functions, uses, and purposes;
approvals; liberal construction

Indiana Statutes

§ 36-7-14-2.5 — Economic development areas; public functions, uses, and purposes; approvals; liberal construction

Indiana § 36-7-14-2.5

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 14Redevelopment of Areas Needing Redevelopment

This text of Indiana § 36-7-14-2.5 (Economic development areas; public functions, uses, and purposes; approvals; liberal construction) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-7-14-2.5 (2026).

Text

5.

(a)The assessment, planning, replanning, remediation, development, and redevelopment of economic development areas:

(1)are public and governmental functions that cannot be accomplished through the ordinary operations of private enterprise because of:

(A)the necessity for requiring the proper use of the land so as to best serve the interests of the county and its citizens; and

(B)the costs of these projects;

(2)will:

(A)benefit the public health, safety, morals, and welfare;

(B)increase the economic well-being of the unit and the state; and

(C)serve to protect and increase property values in the unit and the state; and

(3)are public uses and purposes for which public money may be spent and private property may be acquired.

(b)This section and sections 41 and 43 of this chapter

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5. (a) The assessment, planning, replanning,
remediation, development, and redevelopment of economic
development areas:
(1) are public and governmental functions that cannot be
accomplished through the ordinary operations of private
enterprise because of:
(A) the necessity for requiring the proper use of the land so as
to best serve the interests of the county and its citizens; and
(B) the costs of these projects;
(2) will:
(A) benefit the public health, safety, morals, and welfare;
(B) increase the economic well-being of the unit and the state;
and
(C) serve to protect and increase property values in the unit and
the state; and
(3) are public uses and purposes for which public money may be
spent and private property may be acquired.
(b) This section and sections 41 and 43 of this chapter shall be
liberally construed to carry out the purposes of this section.
(c) Except as provided in subsection (d), a redevelopment
commission may not enter into any obligation payable from public
funds without first obtaining the approval, by ordinance or resolution,
of the legislative body of the unit.
(d) A redevelopment commission is not required to obtain the
approval of the legislative body of the unit under this section if:
(1) the obligation is for the acquisition of real property under this
chapter; and
(2) the agreement to acquire the real property requires the
redevelopment commission to:
(A) make payments for the real property to be acquired for a
term of three (3) years or less; or
(B) purchase the real property for a cost of less than five million
dollars ($5,000,000).
A redevelopment commission may not enter into an obligation payable
from public funds, other than an obligation described in this
subsection, unless the redevelopment commission first obtains the
approval of the legislative body of the unit as provided in subsection
(c).
(e) The approving ordinance or resolution of a legislative body
under subsection (c) must include the following:
(1) The maximum amount of the obligation.
(2) The maximum interest rate or rates, any provisions for
redemption before maturity, and any provisions for the payment
of capitalized interest associated with the obligation.
(3) The maximum term of the obligation.