§ 36-7-35-9 — PMA ordinance; limitations on area; certification of qualified expenditures; grants to individuals

Indiana § 36-7-35-9

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 35: Property Maintenance Areas

Text

(a) The fiscal body of a municipality located in
a county may adopt an ordinance establishing a property maintenance
area to provide certification of qualified expenditures on property in the
property maintenance area. The ordinance shall be referred to as a
PMA ordinance. The boundaries of a property maintenance area may
not exceed five percent (5%) of the total land area of the municipality.
The property maintenance area established under this section must be
either:
(1) a residentially distressed area; or
(2) an area:
(A) that contains the types of property listed or defined in the
PMA ordinance; and
(B) where the median assessed value of each type of property
under clause (A) within the property maintenance area does not
exceed the median assessed value for that type of property
throughout the municipality.
(b) A municipality that adopts a PMA ordinance may provide grants
to individuals who receive a PMA certification under this chapter. The
amount of a grant provided under this subsection may not exceed the
lesser of:
(1) fifty percent (50%) of the qualified expenditures certified in
the PMA certification; or
(2) one thousand five hundred dollars ($1,500).

Legislative History

As added by P.L.144-2008, SEC.47.