This text of Indiana § 4-35-8.3-4 (Distribution of fees) 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.
Before December 1 of each year, the state
comptroller shall distribute an amount equal to the fees deposited in
that year under section 3 of this chapter to communities and schools
located near a historic hotel district and the Indiana economic
development corporation as follows:
(1)Twenty-two and four-tenths percent (22.4%) to be paid as
follows:
(A)Fifty percent (50%) to the fiscal officer of the town of
French Lick.
(B)Fifty percent (50%) to the fiscal officer of the town of West
Baden Springs.
(2)Fourteen and eight-tenths percent (14.8%) to the county
treasurer of Orange County for distribution among the school
corporations in the county. The governing bodies for the school
corporations in the county shall provide a formula for the
distribution of the money received under this subd
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Before December 1 of each year, the state
comptroller shall distribute an amount equal to the fees deposited in
that year under section 3 of this chapter to communities and schools
located near a historic hotel district and the Indiana economic
development corporation as follows:
(1) Twenty-two and four-tenths percent (22.4%) to be paid as
follows:
(A) Fifty percent (50%) to the fiscal officer of the town of
French Lick.
(B) Fifty percent (50%) to the fiscal officer of the town of West
Baden Springs.
(2) Fourteen and eight-tenths percent (14.8%) to the county
treasurer of Orange County for distribution among the school
corporations in the county. The governing bodies for the school
corporations in the county shall provide a formula for the
distribution of the money received under this subdivision among
the school corporations by joint resolution adopted by the
governing body of each of the school corporations in the county.
Money received by a school corporation under this subdivision
must be used to improve the educational attainment of students
enrolled in the school corporation receiving the money. Not later
than the first regular meeting in the school year of a governing
body of a school corporation receiving a distribution under this
subdivision, the superintendent of the school corporation shall
submit to the governing body a report describing the purposes for
which the receipts under this subdivision were used and the
improvements in educational attainment realized through the use
of the money. The report is a public record.
(3) Thirteen and one-tenth percent (13.1%) to the county treasurer
of Orange County.
(4) Five and three-tenths percent (5.3%) to the county treasurer of
Dubois County for appropriation by the county fiscal body after
receiving a recommendation from the county executive. The
county fiscal body shall provide for the distribution of the money
received under this subdivision to one (1) or more taxing units (as
defined in IC 6-1.1-1-21) in the county under a formula
established by the county fiscal body after receiving a
recommendation from the county executive.
(5) Five and three-tenths percent (5.3%) to the county treasurer of
Crawford County for appropriation by the county fiscal body. The
county fiscal body shall provide for the distribution of the money
received under this subdivision to one (1) or more taxing units (as
defined in IC 6-1.1-1-21) in the county under a formula
established by the county fiscal body after receiving a
recommendation from the county executive.
(6) Six and thirty-five hundredths percent (6.35%) to the fiscal
officer of the town of Paoli.
(7) Six and thirty-five hundredths percent (6.35%) to the fiscal
officer of the town of Orleans.
(8) Twenty-six and four-tenths percent (26.4%) to the Indiana
economic development corporation for transfer as follows:
(A) Ten percent (10%) of the amount transferred under this
subdivision in each calendar year shall be transferred to the
South Central Indiana Regional Economic Development
Corporation or a successor entity or partnership for economic
development for the purpose of recruiting new business to
Orange County and promoting the retention and expansion of
existing businesses in Orange County.
(B) The remainder of the amount transferred under this
subdivision in each calendar year shall be transferred to Radius
Indiana or a successor regional entity or partnership for the
development and implementation of a regional economic
development strategy to assist the residents of Orange County
and the counties contiguous to Orange County in improving
their quality of life and to help promote successful and
sustainable communities.
However if the amount distributed under IC 4-33-13-5(b)(3)(H)
to the Orange County development commission is insufficient to
meet the obligations described in IC 4-33-13-5(b)(3)(H), an
amount sufficient to meet current obligations to retire or refinance
indebtedness or leases for which tax revenues under IC 4-33-13-5
were pledged before January 1, 2015, by the Orange County
development commission shall be paid to the Orange County
development commission before making distributions to the
South Central Indiana Regional Economic Development
Corporation and Radius Indiana or their successor entities or
partnerships. The amount paid to the Orange County development
commission reduces the amount payable to Radius Indiana or its
successor entity or partnership.