§ 36-7.7-5-2 — Powers

Indiana § 36-7.7-5-2

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7.7: CENTRAL INDIANA REGIONAL
• Ch. 5: Development Authority Powers and Duties

Text

(a) A development authority may do any of the
following:
(1) Finance, improve, construct, reconstruct, renovate, purchase,
acquire, and equip land and projects that are of regional
importance.
(2) Finance and construct additional improvements to projects or
other capital improvements owned by the development authority.
(3) Construct or reconstruct highways, roads, and bridges.
(4) Acquire land or all or a part of one (1) or more projects from
an eligible political subdivision by purchase.
(5) Acquire all or a part of one (1) or more projects from an
eligible political subdivision by purchase to fund or refund
indebtedness incurred on account of the projects to enable the
eligible political subdivision to make a savings in debt service
obligations or lease rental obligations or to obtain relief from
covenants that the eligible political subdivision considers to be
unduly burdensome.
(6) Make grants or provide other financial assistance to or on
behalf of the following:
(A) A commuter transportation district.
(B) An airport authority.
(C) A regional transportation authority. A loan, a loan
guarantee, a grant, or other financial assistance under this
clause may be used by a regional transportation authority for
acquiring, improving, operating, maintaining, financing, and
supporting the following:
(i) Bus services (including fixed route services and flexible
or demand-responsive services) that are a component of a
public transportation system.
(ii) Bus terminals, stations, or facilities or other regional bus
authority projects.
(D) A county.
(E) A municipality.
(7) Provide funding to assist a railroad that is providing commuter
transportation services in a county containing territory included
in the development authority.
(8) Provide funding to assist an airport authority located in a
county containing territory included in the development authority
in the construction, reconstruction, renovation, purchase, lease,
acquisition, and equipping of an airport facility or airport project.
(9) Provide funding for intermodal transportation projects and
facilities.
(10) Provide funding for regional trails and greenways.
(11) Provide funding for economic development projects.
(12) Provide funding for regional transportation infrastructure
projects under IC 36-9-43.
(13) Hold, use, lease, rent, purchase, acquire, and dispose of by
purchase, exchange, gift, bequest, grant, condemnation, lease, or
sublease, on the terms and conditions determined by the
development authority, any real or personal property.
(14) After giving notice, enter upon any lots or lands for the
purpose of surveying or examining them to determine the location
of a project.
(15) Make or enter into all contracts and agreements necessary or
incidental to the performance of the development authority's
duties and the execution of the development authority's powers
under this article.
(16) Sue, be sued, plead, and be impleaded.
(17) Design, order, contract for, construct, reconstruct, and
renovate a project or improvements to a project.
(18) Appoint an executive director and employ appraisers, real
estate experts, engineers, architects, surveyors, attorneys,
accountants, auditors, clerks, construction managers, and any
consultants or employees who are necessary or desired by the
development authority in exercising its powers or carrying out its
duties under this article.
(19) Accept loans, grants, and other forms of financial assistance
from the federal government, the state government, a political
subdivision, or any other public or private source.
(20) Use the development authority's funds to match federal
grants or make loans, loan guarantees, or grants to carry out the
development authority's powers and duties under this article.
(21) Except as prohibited by law, take any action necessary to
carry out this article.
(b) Projects funded by a development authority must be of regional
importance.

Legislative History

As added by P.L.83-2020, SEC.2.