Indiana Statutes
§ 36-7-22-11 — Ordinance; economic improvement board
Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 22 Economic Improvement Districts
An ordinance adopted under section 7 of this chapter must establish an economic improvement board to be appointed by the legislative body. The board must have at least three
(3)members, and a majority of the board members must own real
property within the district. However, if there is only one (1) property
owner within a district formed before March 1, 2010, the legislative
body shall appoint one (1) member to the economic improvement board
who owns real property within the district and not more than two (2)
other members who are not required to own real property within the
district. After, February 28, 2010, a district formed under this chapter
must have at least one (1) parcel of real property that is not owned by
an owner of other parcels of real property in the district.
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Legislative History
As added by P.L.195-1988, SEC.1. Amended by P.L.113-2010,
SEC.136.
Nearby Sections
15
§ 36-1-10-1
Application of chapter§ 36-1-10-10
Plans, specifications, and estimates for structures, systems, and
transportation projects§ 36-1-10-11
Property held in fee simple; sale procedure§ 36-1-10-12
Lease in anticipation of acquisition or construction of structure, system,
or transportation project§ 36-1-10-13
Hearing; procedure; execution of lease§ 36-1-10-17
Annual appropriation and tax levy§ 36-1-10-18
Tax exemption of leased structures, systems, and transportation
projects; taxation of rental paid lessor§ 36-1-10-19
Assignment or conveyance of lease; conveyance of structure, system,
or transportation project§ 36-1-10-2
Definitions§ 36-1-10-20
Repealed