Indiana § 5-28-15.5-7 Duties of a district board; annual reporting; additional reported
information for a district in Fort Wayne

Indiana Statutes

§ 5-28-15.5-7 — Duties of a district board; annual reporting; additional reported information for a district in Fort Wayne

Indiana § 5-28-15.5-7

Title 5STATE AND LOCAL ADMINISTRATION

Art. 28INDIANA ECONOMIC DEVELOPMENT

Ch. 15.5Entrepreneur and Enterprise District Pilot Program

This text of Indiana § 5-28-15.5-7 (Duties of a district board; annual reporting; additional reported information for a district in Fort Wayne) 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 § 5-28-15.5-7 (2026).

Text

(a)A district board shall do the following:

(1)Coordinate development activities within the district.

(2)Serve as a catalyst for development within the district.

(3)Promote the district to outside groups and individuals.

(4)Establish a formal line of communication with residents and businesses in the district.

(5)Act as a liaison among residents, businesses, the municipality, and the board for any development activity that may affect the district or district residents.

(6)Use revenue derived from:

(A)registration fees paid under section 4(a)(2)(A) of this chapter; and

(B)amounts paid under section 4(b) of this chapter; only for the administration of the district and the benefit of district businesses.

(b)A district board shall:

(1)develop metrics for the annual reporting of info

Free access — add to your briefcase to read the full text and ask questions with AI

(a) A district board shall do the following:
(1) Coordinate development activities within the district.
(2) Serve as a catalyst for development within the district.
(3) Promote the district to outside groups and individuals.
(4) Establish a formal line of communication with residents and
businesses in the district.
(5) Act as a liaison among residents, businesses, the municipality,
and the board for any development activity that may affect the
district or district residents.
(6) Use revenue derived from:
(A) registration fees paid under section 4(a)(2)(A) of this
chapter; and
(B) amounts paid under section 4(b) of this chapter;
only for the administration of the district and the benefit of district
businesses.
(b) A district board shall:
(1) develop metrics for the annual reporting of information about
the district to the legislative body of the qualified municipality
that established the district; and
(2) submit the metrics for approval to the legislative body of the
qualified municipality and the executive of the qualified
municipality.
The metrics for the annual reporting of information may be revised and
reapproved from time to time.
(c) Each year before September 1, a district board shall present a
written report to the legislative body of the qualified municipality that
established the district. The annual written report must provide
information about the district in terms of the metrics approved under
subsection (b). In addition, in the case of the district established in the
city of Fort Wayne, the written report under this subsection shall
include the following information:
(1) The retention rate for employees hired by each district
business since the date the district was established.
(2) The total number of district businesses established in the
district since the date the district was established and of those
businesses, the number of businesses that are no longer in
operation, if any.
(3) If matching funds are required for an incentive that is
provided to a district business:
(A) the percentage amount of matching funds that are provided
for each incentive in relation to the total amount of the
incentive; and
(B) the sources of the matching funds for the incentive, whether
provided by the district business receiving the incentive or a
third party public or private entity.