Indiana § 36-7-32-11.5 Submission of proposed designations to the budget committee and the
budget agency

Indiana Statutes

§ 36-7-32-11.5 — Submission of proposed designations to the budget committee and the budget agency

Indiana § 36-7-32-11.5

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 32Certified Technology Parks

This text of Indiana § 36-7-32-11.5 (Submission of proposed designations to the budget committee and the budget agency) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 36-7-32-11.5 (2026).

Text

5.

(a)If the office desires to designate a certified technology park under this chapter, the office shall submit its proposed designation 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 the proposed designation and shall make a recommendation on the designation to the budget agency.

(b)When considering the proposed designation of a certified technology park by the office under this section, the budget committee and the budget agency must make the following findings before approving the designation:

(1)The area to be designated as a certified technology park meets the conditions necessary for the designation as a certified technology park.

(2)The designation of the certified techn

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5. (a) If the office desires to designate a
certified technology park under this chapter, the office shall submit its
proposed designation 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 the proposed
designation and shall make a recommendation on the designation to the
budget agency.
(b) When considering the proposed designation of a certified
technology park by the office under this section, the budget committee
and the budget agency must make the following findings before
approving the designation:
(1) The area to be designated as a certified technology park meets
the conditions necessary for the designation as a certified
technology park.
(2) The designation of the certified technology park will benefit
the people of Indiana by protecting or increasing state and local
tax bases and tax revenues for at least the duration of the certified
technology park.
(c) The income tax incremental amount and the gross retail
incremental amount may not be allocated to the certified technology
park until the designation of the certified technology park is approved
under this section.