§ 5-28-15-11 — Closed or inactive military base

Indiana § 5-28-15-11

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 15: Enterprise Zones

Text

(a) Notwithstanding any other provision of
this chapter, one (1) or more units (as defined in IC 36-1-2-23) may
declare all or any part of a military base or another military installation
that is inactive, closed, or scheduled for closure as an enterprise zone.
The declaration shall be made by a resolution of the legislative body of
the unit that contains the geographic area being declared an enterprise
zone. The legislative body must include in the resolution that a U.E.A.
is created or designate another entity to function as the U.E.A. under
this chapter. The resolution must also be approved by the executive of
the unit.
(b) If the resolution is approved, the executive shall file the
resolution and the executive's approval with the corporation. If an
entity other than a U.E.A. is designated to function as a U.E.A., the
entity's acceptance must be filed with the corporation along with the
resolution. The enterprise zone designation is effective on the first day
of the month following the day the resolution is filed with the
corporation.
(c) An enterprise zone that is established under this section is not
subject to the expiration and renewal provisions under section 10 of
this chapter. Instead, the corporation may review the success of an
enterprise zone established under this section based on the following
criteria and may renew the enterprise zone, including all provisions of
this chapter, for not more than ten (10) years:
(1) Increases in capital investment in the zone.
(2) Retention of jobs and creation of jobs in the zone.

Legislative History

As added by P.L.4-2005, SEC.34. Amended by P.L.145-2016, SEC.15; P.L.146-2018, SEC.12; P.L.194-2019, SEC.1.