Indiana § 36-7.5-4.5-22 Duty to maximize amounts distributed to political subdivisions that
would otherwise receive the revenue; public meeting

Indiana Statutes

§ 36-7.5-4.5-22 — Duty to maximize amounts distributed to political subdivisions that would otherwise receive the revenue; public meeting

Indiana § 36-7.5-4.5-22

Title 36LOCAL GOVERNMENT

Art. 7.5NORTHWEST INDIANA REGIONAL

Ch. 4.5Rail Transit Development Districts

This text of Indiana § 36-7.5-4.5-22 (Duty to maximize amounts distributed to political subdivisions that would otherwise receive the revenue; public meeting) 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 § 36-7.5-4.5-22 (2026).

Text

The development authority or
redevelopment commission, in the case of a district located in a cash
participant county, shall use its best efforts to maximize the amount of
local income tax increment revenue and property tax increment
revenue that will be distributed to the political subdivisions that would
otherwise receive the revenue, taking into consideration the revenue
needed by the development authority or the redevelopment commission
for debt service, debt service coverage ratio requirements, excess
reserve requirements, and anticipated cash needs for the near term. If
a district is established in a member county, the development authority
or redevelopment commission shall hold a public hearing once every
three (3) years during the existence of a district to determine whether
the am

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The development authority or
redevelopment commission, in the case of a district located in a cash
participant county, shall use its best efforts to maximize the amount of
local income tax increment revenue and property tax increment
revenue that will be distributed to the political subdivisions that would
otherwise receive the revenue, taking into consideration the revenue
needed by the development authority or the redevelopment commission
for debt service, debt service coverage ratio requirements, excess
reserve requirements, and anticipated cash needs for the near term. If
a district is established in a member county, the development authority
or redevelopment commission shall hold a public hearing once every
three (3) years during the existence of a district to determine whether
the amount of the local income tax increment revenue and property tax
increment revenue to be distributed to the development authority or
redevelopment commission in subsequent years with respect to the
district should be:
(1) all the local income tax increment revenue or a percentage of
the increment revenue; or
(2) all the property tax increment revenue or a percentage of the
increment revenue.
The development authority or redevelopment commission shall adopt
a resolution setting forth its determination. The resolution shall be
transmitted to the budget director, the department, and each affected
county auditor.