§ 5-28-15.5-2 — Entrepreneur and enterprise districts; designation; territory; board of directors

Indiana § 5-28-15.5-2

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 15.5: Entrepreneur and Enterprise District Pilot Program

Text

(a) The executive of a qualified municipality
may designate one (1) entrepreneur and enterprise district in the
qualified municipality.
(b) The territory of a district designated under subsection (a) may
not exceed the greater of:
(1) four (4) square miles; or
(2) ten percent (10%) of the territory of the qualified municipality.
(c) A district is established only if the legislative body of the
qualified municipality approves the action taken by the executive of the
qualified municipality under subsection (a).
(d) After the legislative body of the qualified municipality approves
the action taken by the executive of the qualified municipality under
subsection (a), the mayor of the qualified municipality shall designate
the board of directors of the district by doing one (1) of the following:
(1) Designate the urban enterprise association established under
IC 5-28-15-13 for an enterprise zone in the city as the board of
directors of the district.
(2) Appoint a board of directors of the district consisting of seven
(7) members as follows:
(A) Four (4) members selected by the mayor of the qualified
municipality.
(B) Three (3) members selected by the fiscal body of the
qualified municipality.

Legislative History

As added by P.L.238-2017, SEC.4.