§ 36-7-15.1-33 — Commission rights, powers, privileges, and immunities

Indiana § 36-7-15.1-33

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

Text

All of the rights, powers, privileges, and
immunities that may be exercised by the commission in redevelopment
project areas may be exercised by the commission in implementing its
program for housing including the following:
(1) The special tax levied in accordance with section 16 of this
chapter may be used to accomplish the housing program.
(2) Bonds may be issued under this chapter to accomplish the
housing program, but only one (1) issue of bonds may be issued
and payable from increments in any allocation area except for
refunding bonds or bonds issued in an amount necessary to
complete a housing program for which bonds were previously
issued.
(3) Leases may be entered into under this chapter to accomplish
the housing program.
(4) The tax exemptions set forth in section 25 of this chapter are
applicable.
(5) Property taxes may be allocated under section 26 of this
chapter.

Legislative History

As added by P.L.193-1988, SEC.9. Amended by P.L.185-2005, SEC.41.