§ 36-7.7-6-1 — Regional strategy fund

Indiana § 36-7.7-6-1

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7.7: CENTRAL INDIANA REGIONAL
• Ch. 6: Regional Strategy Fund

Text

(a) A strategy committee shall establish and
administer a regional strategy fund.
(b) A regional strategy fund consists of the following:
(1) Any payments required under an interlocal agreement for a
project that specifically states:
(A) the amount for which each member is responsible; and
(B) the term of the agreement.
The transfers allowed by this subdivision may be made from any
local revenue of the county or municipality, including property
tax revenue, distributions, incentive payments, money deposited
in the county's or municipality's local major moves construction
fund under IC 8-14-16, money received by the county or
municipality under a development agreement (as defined by IC 36-1-8-9.5), or any other local revenue that is not otherwise
restricted by law or committed for the payment of other
obligations.
(2) Money received from the federal government.
(3) Gifts, contributions, donations, and private grants made to the
fund.
(4) Money transferred to the development authority under an
interlocal agreement.

Legislative History

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