§ 36-7-31-12 — Review of resolution by budget committee; notice requirements; information to taxing units

Indiana § 36-7-31-12

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 31: Professional Sports Development Area in County

Text

(a) Upon adoption of a resolution
establishing a tax area under section 14 of this chapter, the commission
shall submit the resolution to the budget committee for review and
recommendation to the budget agency. The budget committee shall
meet not later than sixty (60) days after receipt of a resolution and shall
make a recommendation on the resolution to the budget agency.
(b) Upon adoption of a resolution changing the boundaries of a tax
area under section 14 of this chapter, the commission shall:
(1) publish notice of the adoption and substance of the resolution
in accordance with IC 5-3-1; and
(2) file the following information with each taxing unit in the
county in which the district is located:
(A) A copy of the notice required by subdivision (1).
(B) A statement disclosing the impact of the district, including
the following:
(i) The estimated economic benefits and costs incurred by the
district, as measured by increased employment and
anticipated growth of property assessed values.
(ii) The anticipated impact on tax revenues of each taxing
unit.
The notice must state the general boundaries of the district.
(c) Upon completion of the actions required by subsection (b), the
commission shall submit the resolution to the budget committee for
review and recommendation to the budget agency. The budget
committee shall meet not later than sixty (60) days after receipt of a
resolution and shall make a recommendation on the resolution to the
budget agency.

Legislative History

As added by P.L.255-1997(ss), SEC.19. Amended by P.L.199-2005, SEC.36.