Indiana § 5-1-17.5-25 Allocation of amounts appropriated to the commission; expiration date
of district

Indiana Statutes

§ 5-1-17.5-25 — Allocation of amounts appropriated to the commission; expiration date of district

Indiana § 5-1-17.5-25

Title 5STATE AND LOCAL ADMINISTRATION

Art. 1BONDS AND OTHER OBLIGATIONS

Ch. 17.5Motorsports Investment District

This text of Indiana § 5-1-17.5-25 (Allocation of amounts appropriated to the commission; expiration date 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 § 5-1-17.5-25 (2026).

Text

A resolution establishing a motorsports investment district must provide for the allocation to the motorsports investment district fund established under section 30 of this chapter of the money appropriated to the commission. The resolution must state an expiration date for the motorsports investment district, which must be the later of:

(1)the date that is thirty (30) years after the date of the adoption of the resolution; or

(2)the date on which the owner or owners of a qualified motorsports facility no longer have a financial liability to the commission. Subject to section 24(c) of this chapter, the commission shall specify in the resolution the geographic area that is included within the motorsports investment district.

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A resolution establishing a motorsports
investment district must provide for the allocation to the motorsports
investment district fund established under section 30 of this chapter of
the money appropriated to the commission. The resolution must state
an expiration date for the motorsports investment district, which must
be the later of:
(1) the date that is thirty (30) years after the date of the adoption
of the resolution; or
(2) the date on which the owner or owners of a qualified
motorsports facility no longer have a financial liability to the
commission.
Subject to section 24(c) of this chapter, the commission shall specify
in the resolution the geographic area that is included within the
motorsports investment district.