Indiana § 36-7-15.1-36.3 Annual report; contents

Indiana Statutes

§ 36-7-15.1-36.3 — Annual report; contents

Indiana § 36-7-15.1-36.3

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 15.1Redevelopment of Areas in Marion County Needing

This text of Indiana § 36-7-15.1-36.3 (Annual report; contents) 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 § 36-7-15.1-36.3 (2026).

Text

3.

(a)Not later than April 15 of each year, the commission or its designee shall file with the mayor and the fiscal body a report setting out the commission's activities during the preceding calendar year.

(b)The report required by subsection (a) 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 commiss

Free access — add to your briefcase to read the full text and ask questions with AI

3. (a) Not later than April 15 of each year,
the commission or its designee shall file with the mayor and the fiscal
body a report setting out the commission's activities during the
preceding calendar year.
(b) The report required by subsection (a) 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 commission and the results
obtained.
(c) A copy of each report filed under this section must be submitted
to the department of local government finance in an electronic format.
(d) 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) 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.
This subdivision expires June 30, 2027.

Legislative History

As added by P.L.112-2012, SEC.57. Amended by P.L.105-2013, SEC.5; P.L.218-2013, SEC.17; P.L.87-2015, SEC.10; P.L.204-2016, SEC.35; P.L.255-2017, SEC.36; P.L.236-2023, SEC.185.