§ 36-7-25-3 — Financing of projects, improvements, and purposes

Indiana § 36-7-25-3

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 25: Additional Powers of Redevelopment Commissions

Text

(a) Projects, improvements, or purposes that
may be financed by a commission in redevelopment project areas or
economic development areas may be financed if the projects,
improvements, or purposes are not located in those areas or the
redevelopment district as long as the projects, improvements, or
purposes directly serve or benefit those areas.
(b) This subsection applies only to counties having a consolidated
city. A metropolitan development commission acting as the
redevelopment commission of the consolidated city may finance
projects, improvements, or purposes that are located in the county and
in a reuse area established under IC 36-7-30, even though the reuse
area is not located in the redevelopment district. However, at the time
this financing is initiated, the redevelopment commission must make
a finding that the project, improvement, or purpose will serve or benefit
the redevelopment district.

Legislative History

As added by P.L.35-1990, SEC.62. Amended by P.L.26-1995, SEC.13; P.L.185-2005, SEC.50.