§ 36-7.5-8-5 — Use of money in the fund

Indiana § 36-7.5-8-5

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7.5: NORTHWEST INDIANA REGIONAL
• Ch. 8: Gary Metro Center Station Revitalization Fund

Text

(a) The development authority shall use the
money in the fund for planning costs, design costs, engineering costs,
and architectural costs, and to provide matching funds needed for
federal matching grants for the demolition and reconstruction of the
Gary Metro Center station. The development authority shall reconstruct
the Gary Metro Center station and coordinate among the several transit
authorities, the city of Gary, and the federal government in
accomplishing the replacement of the facility.
(b) If the amount of money in the fund is greater than the amount
needed for the purposes described in subsection (a), as determined by
the development authority, the development authority may use money
in the fund:
(1) to provide grants to the city of Gary for paying reasonable and
necessary costs associated with demolishing a qualified property
(as defined in IC 36-7.5-6-3) located in an area that is contiguous
to the territory of a current or future transit development district;
(2) for purposes of revitalizing property contiguous to the territory
of a current or future transit development district;
(3) for other costs related to expansion of the Gary Metro Center
station; and
(4) for purposes of paying expenses for enhancing public safety
in the area immediately surrounding the Gary Metro Center
station and within the established transit development district.

Legislative History

As added by P.L.195-2023, SEC.8.