Indiana § 5-1-17.5-24 Resolution by commission establishing a district; public hearing;
required findings by commission; territory of district

Indiana Statutes

§ 5-1-17.5-24 — Resolution by commission establishing a district; public hearing; required findings by commission; territory of district

Indiana § 5-1-17.5-24

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1BONDS AND OTHER OBLIGATIONS

Ch. 17.5Motorsports Investment District

This text of Indiana § 5-1-17.5-24 (Resolution by commission establishing a district; public hearing; required findings by commission; territory of district) 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.

Bluebook

Ind. Code § 5-1-17.5-24 (2026).

Text

(a)The commission may, after a public hearing, adopt a resolution establishing a motorsports investment district. Notice of the public hearing must be provided in accordance with IC 5-3-1.

(b)In establishing the motorsports investment district, the commission must make the following findings:

(1)There are improvements that will be undertaken in the motorsports investment district that will have a positive effect on the activities of a qualified motorsports facility.

(2)The improvements that will be undertaken in the motorsports investment district will benefit the public health and welfare and will be of public utility and benefit.

(3)The improvements that will be undertaken in the motorsports investment district will protect or increase state and local tax bases and tax revenues.

(c)

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(a) The commission may, after a public
hearing, adopt a resolution establishing a motorsports investment
district. Notice of the public hearing must be provided in accordance
with IC 5-3-1.
(b) In establishing the motorsports investment district, the
commission must make the following findings:
(1) There are improvements that will be undertaken in the
motorsports investment district that will have a positive effect on
the activities of a qualified motorsports facility.
(2) The improvements that will be undertaken in the motorsports
investment district will benefit the public health and welfare and
will be of public utility and benefit.
(3) The improvements that will be undertaken in the motorsports
investment district will protect or increase state and local tax
bases and tax revenues.
(c) A motorsports investment district consists of:
(1) the geographic area that is included within the qualified
motorsports facility;
(2) adjacent property that is:
(A) related to the operation of the qualified motorsports facility;
and
(B) owned by the owner of the qualified motorsports facility or
a subsidiary or affiliate of the qualified motorsports facility;
(3) property on which activities related to the qualified
motorsports facility occur; and
(4) other public property specified by the commission;
as determined in the resolution adopted by the commission.