§ 36-7-23-5 — Purpose; activities

Indiana § 36-7-23-5

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 23: Multiple County Infrastructure Authority

Text

The purpose of the authority is to promote
cooperation among the units participating in the authority in order to
assist the development of the units included in the agreement by doing
the following:
(1) Utilizing private and public sector resources to address
development problems and opportunities.
(2) Planning, developing, rehabilitating, and otherwise managing
infrastructure located in the authority's jurisdiction.
(3) Supplementing, but not supplanting, traditional local or state
responsibilities.
(4) Providing financial resources to local communities to address
their infrastructure needs.
(5) Providing revenue bonding capacity and resources for bond
retirement, or lease rental capacity and resources, that can be
directed to development or recapitalization of infrastructure
located in the authority's jurisdiction.
(6) Providing the means to develop revenue producing
infrastructure ventures, where revenue can be rechanneled back
into the overall infrastructure development effort.
(7) Providing an overall balanced infrastructure investment
strategy that addresses important needs of the participating units
for capital projects.
(8) Providing operating involvement appropriate to each
infrastructure component.
(9) Providing for a continuing and stable source of public funding
for infrastructure development for participating units.
(10) Providing the mechanism to address other regional services
as determined to be appropriate by the board.

Legislative History

As added by P.L.346-1989(ss), SEC.7. Amended by P.L.86-1999, SEC.8.