Indiana § 36-7.5-3-1.5 Expenditure of money to fund economic development projects;
requirements; submission of funding proposals to budget committee;
exceptions

Indiana Statutes

§ 36-7.5-3-1.5 — Expenditure of money to fund economic development projects; requirements; submission of funding proposals to budget committee; exceptions

Indiana § 36-7.5-3-1.5

Title 36LOCAL GOVERNMENT

Art. 7.5NORTHWEST INDIANA REGIONAL

Ch. 3Development Authority Powers and Duties

This text of Indiana § 36-7.5-3-1.5 (Expenditure of money to fund economic development projects; requirements; submission of funding proposals to budget committee; exceptions) 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 § 36-7.5-3-1.5 (2026).

Text

5.

(a)Except as provided in section 1.7 of this chapter, this section applies to revenue received by the authority to the extent that the revenue has not been pledged or otherwise obligated to pay bonds or leases entered into before July 1, 2015, for a project other than a rail project.

(b)The authority may expend money received under this article to fund economic development projects only to the extent that:

(1)the development board finds that the economic development project is a destination based economic development project evaluated under IC 36-7.5-2-1(4) or is consistent with:

(A)a duty imposed upon the development authority under section 1(2) or 1(4) of this chapter; or

(B)the Marquette Plan; and

(2)funding the project is reviewed by the budget committee under subsection (c).

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5. (a) Except as provided in section 1.7 of
this chapter, this section applies to revenue received by the authority
to the extent that the revenue has not been pledged or otherwise
obligated to pay bonds or leases entered into before July 1, 2015, for a
project other than a rail project.
(b) The authority may expend money received under this article to
fund economic development projects only to the extent that:
(1) the development board finds that the economic development
project is a destination based economic development project
evaluated under IC 36-7.5-2-1(4) or is consistent with:
(A) a duty imposed upon the development authority under
section 1(2) or 1(4) of this chapter; or
(B) the Marquette Plan; and
(2) funding the project is reviewed by the budget committee under
subsection (c).
(c) The development board shall submit to the budget committee for
review and comment any proposal to fund an economic development
project (including any destination based economic development
project) under this article. The budget committee shall review any
proposal received under this subsection and may request that the
authority appear at a public meeting of the budget committee
concerning the funding proposal. This subsection does not apply to a
rail project financed under IC 5-1.3.