§ 36-7.6-3-5 — Development plan

Indiana § 36-7.6-3-5

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7.6: REGIONAL DEVELOPMENT AUTHORITIES
• Ch. 3: Development Authority Powers and Duties

Text

(a) A development authority shall prepare a
comprehensive strategic development plan that includes detailed
information concerning the following:
(1) The proposed projects to be undertaken or financed by the
development authority.
(2) The following information for each project included under
subdivision (1):
(A) Timeline and budget.
(B) The return on investment.
(C) The projected or expected need for an ongoing subsidy.
(D) Any projected or expected federal matching funds.
(b) The development authority shall, not later than January 1 of the
second year following the year in which the development authority is
established, submit the comprehensive strategic development plan for
review by the budget committee and approval by the director of the
office of management and budget and the Indiana economic
development corporation. However, a development authority that has
already submitted its comprehensive strategic development plan as part
of an application for a grant or a loan under IC 5-28-37 (before its
repeal) or IC 5-28-38 (before its repeal) is not required to resubmit its
comprehensive strategic development plan under this subsection.

Legislative History

As added by P.L.232-2007, SEC.7. Amended by P.L.178-2015, SEC.19; P.L.237-2017, SEC.48; P.L.165-2021, SEC.214.