Indiana § 36-7.5-6-5 Deposits in the fund; reimbursement

Indiana Statutes

§ 36-7.5-6-5 — Deposits in the fund; reimbursement

Indiana § 36-7.5-6-5

Title 36LOCAL GOVERNMENT

Art. 7.5NORTHWEST INDIANA REGIONAL

Ch. 6Blighted Property Demolition Fund

This text of Indiana § 36-7.5-6-5 (Deposits in the fund; reimbursement) 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 § 36-7.5-6-5 (2026).

Text

(a)In each state fiscal year beginning after June 30, 2023, the city of Gary shall transfer up to three million dollars ($3,000,000) to the development authority for deposit in the fund.

(b)In each state fiscal year beginning after June 30, 2023, and ending before July 1, 2025, the development authority shall deposit three million dollars ($3,000,000) in the fund from reserve amounts held by the development authority.

(c)After June 30, 2025, but not later than July 1, 2027, the development authority shall be reimbursed for all amounts deposited under subsection (b) using money in the fund. Budget committee review is not required for reimbursement under this subsection.

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(a) In each state fiscal year beginning after
June 30, 2023, the city of Gary shall transfer up to three million dollars
($3,000,000) to the development authority for deposit in the fund.
(b) In each state fiscal year beginning after June 30, 2023, and
ending before July 1, 2025, the development authority shall deposit
three million dollars ($3,000,000) in the fund from reserve amounts
held by the development authority.
(c) After June 30, 2025, but not later than July 1, 2027, the
development authority shall be reimbursed for all amounts deposited
under subsection (b) using money in the fund. Budget committee
review is not required for reimbursement under this subsection.