§ 36-7-15.1-30 — Powers of commission

Indiana § 36-7-15.1-30

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 15.1: Redevelopment of Areas in Marion County Needing

Text

(a) All of the rights, powers, privileges,
and immunities that may be exercised by the commission in a
redevelopment project area or urban renewal area may be exercised by
the commission in an economic development area, subject to the
following:
(1) The content and manner of exercise of these rights, powers,
privileges, and immunities shall be determined by the purposes
and nature of an economic development area.
(2) Real property (or interests in real property) relative to which
action is taken under this section or section 28 or 29 of this
chapter in an economic development area is not required to meet
the conditions described in IC 36-7-1-3.
(3) The special tax levied in accordance with section 16 of this
chapter may be used to carry out activities under this chapter in
economic development areas.
(4) Bonds may be issued in accordance with section 17 of this
chapter to defray expenses of carrying out activities under this
chapter in economic development areas if no other revenue
sources are available for this purpose.
(5) The tax exemptions set forth in section 25 of this chapter are
applicable in economic development areas.
(6) An economic development area may be an allocation area for
the purposes of distribution and allocation of property taxes.
(7) The commission may not use its power of eminent domain
under section 13 of this chapter to carry out activities under this
chapter in economic development areas.
(b) The content and manner of discharge of duties set forth in
section 6 of this chapter shall be determined by the purposes and nature
of an economic development area.

Legislative History

As added by P.L.222-1986, SEC.4. Amended by P.L.185-2005, SEC.39; P.L.146-2008, SEC.758.