§ 36-7-23-4 — Establishment; public body corporate and politic; multiple county participation; distribution of funds

(a) A multiple jurisdiction infrastructure
authority may be established under this chapter by:
(1) ordinance of the fiscal body of each unit participating in the
authority; and
(2) if a county is one (1) of the units participating in the authority,
the order of the executive of that county; and
(3) an agreement among the participating units, executed by the
executive of each participating unit following the approval of the
legislative body of each of the participating units.
(b) The authority is a public body corporate and politic. The
authority is separate from the state, but the exercise by the authority of
its powers is an essential governmental function.
(c) An agreement to establish an authority must include:
(1) more than one (1) unit as a participant; and
(2) a formula for distributing funds contributed by the units
participating in the authority.
(d) An authority may add additional participating units at any time
by following the procedures set forth in subsection (a).
(e) A unit may participate in more than one (1) authority.

Legislative History

As added by P.L.346-1989(ss), SEC.7. Amended by P.L.86-1999, SEC.7.