§ 36-7-32.5-14.5 — Financial activity reporting requirements

Indiana § 36-7-32.5-14.5

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 32.5: Innovation Development Districts

Text

5. (a) Not later than April 15 of each year,
the corporation and the executive of a county, city, or town in which an
innovation development district is designated under section 9 of this
chapter shall submit a report setting out the innovation development
district's activities during the preceding calendar year to the:
(1) fiscal body of the county, city, or town; and
(2) department of local government finance in an electronic
format.
(b) The report required under subsection (a) must include the
following information set forth for each innovation development
district regarding the previous year:
(1) Revenues received.
(2) Expenses paid.
(3) Fund balances.
(4) The amount and maturity date for all outstanding obligations.
(5) The amount paid on outstanding obligations.
(6) A list of all the parcels and the depreciable personal property
of any designated taxpayer included in each tax increment
financing district allocation area and the base assessed value and
incremental assessed value for each parcel and the depreciable
personal property of any designated taxpayer in the list.
(7) Amounts distributed to cities, towns, counties, or school
corporations as described in section 19(e) of this chapter.

Legislative History

As added by P.L.145-2025, SEC.20.