Indiana § 36-7-14.5-11 Purposes of authority; prohibitions

Indiana Statutes

§ 36-7-14.5-11 — Purposes of authority; prohibitions

Indiana § 36-7-14.5-11

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 14.5Redevelopment Authority

This text of Indiana § 36-7-14.5-11 (Purposes of authority; prohibitions) 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 § 36-7-14.5-11 (2026).

Text

(a)The authority is organized for the following purposes:

(1)Financing, constructing, and leasing local public improvements to the commission.

(2)Financing and constructing additional improvements to local public improvements owned by the authority and leasing them to the commission.

(3)Acquiring all or a portion of one (1) or more local public improvements from the commission by purchase or lease and leasing these local public improvements back to the commission, with any additional improvements that may be made to them.

(4)Acquiring all or a portion of one (1) or more local public improvements from the commission by purchase or lease to fund or refund indebtedness incurred on account of those local public improvements to enable the commission to make a savings in debt services oblig

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(a) The authority is organized for the
following purposes:
(1) Financing, constructing, and leasing local public
improvements to the commission.
(2) Financing and constructing additional improvements to local
public improvements owned by the authority and leasing them to
the commission.
(3) Acquiring all or a portion of one (1) or more local public
improvements from the commission by purchase or lease and
leasing these local public improvements back to the commission,
with any additional improvements that may be made to them.
(4) Acquiring all or a portion of one (1) or more local public
improvements from the commission by purchase or lease to fund
or refund indebtedness incurred on account of those local public
improvements to enable the commission to make a savings in debt
services obligations or lease rental obligations or to obtain relief
from covenants that the commission considers to be unduly
burdensome.
(5) In a county having a United States government military base
that is scheduled for closing or is completely or partially inactive
or closed and if specified in the ordinance creating the authority
or in another ordinance adopted by the executive body of the unit,
an authority may exercise any of the powers of a redevelopment
commission established under IC 36-7-14, including the
establishment, in accordance with IC 36-7-14, of one (1) or more
economic development areas in the county in addition to an
economic development area established under section 12.5 of this
chapter. However, an economic development area that includes
any part of a military base described in section 12.5(a) of this
chapter is subject to the requirements of section 12.5 of this
chapter. An action taken by an authority under this subdivision
shall be treated as if the action were taken under the law granting
the power to the redevelopment commission.
(b) Notwithstanding any other provision of this chapter, after June
30, 2014:
(1) an authority; or
(2) any other entity:
(A) established by the authority; or
(B) controlled by the authority;
may not own, lease, or otherwise hold a single family dwelling or
condominium unit for purposes of leasing for the use by individuals as
a dwelling. In addition, an arrangement or agreement that is contrary
to this section may not be extended beyond the term of the arrangement
or agreement as in effect on June 30, 2014. However, an authority or
entity covered by this section may own property in the capacity of a
land bank for a unit.