Indiana Statutes
§ 36-7-25-3 — Financing of projects, improvements, and purposes
Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 25 Additional Powers of Redevelopment Commissions
(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 commiss
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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.
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Repealed