§ 5-1-17.5-43 — Office of management and budget review

Indiana § 5-1-17.5-43

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1: BONDS AND OTHER OBLIGATIONS
• Ch. 17.5: Motorsports Investment District

Text

The office of management and budget shall
in 2023 do the following:
(1) Conduct a review of:
(A) the structures and improvement that have been financed
and constructed under this chapter;
(B) the amount of:
(i) the gross retail incremental amounts and income tax
incremental amounts remitted for purposes of IC 4-10-23;
and
(ii) the motorsports admissions fees that have been remitted
under IC 6-8-14;
(C) the amount and terms of outstanding debt issued by the
authority under this chapter; and
(D) the status, economic impact, and viability of the qualified
motorsports facility.
(2) Before November 1, 2023, submit a copy of the review
conducted under subdivision (1) to the budget committee and to
the legislative council in an electronic format under IC 5-14-6.

Legislative History

As added by P.L.233-2013, SEC.5.