Indiana § 5-28-26-19 Establishment of regional economic development fund; permitted uses

Indiana Statutes

§ 5-28-26-19 — Establishment of regional economic development fund; permitted uses

Indiana § 5-28-26-19

Title 5STATE AND LOCAL ADMINISTRATION

Art. 28INDIANA ECONOMIC DEVELOPMENT

Ch. 26Global Commerce Center Pilot Program

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Bluebook

Ind. Code § 5-28-26-19 (2026).

Text

(a)The district shall establish a regional economic development fund.

(b)The fund consists of:

(1)revenues received under section 16 of this chapter;

(2)property taxes allocated to the district under section 17 of this chapter; and

(3)any other funds made available to the district for the purposes of economic development within a global commerce center.

(c)Money in the fund may be used to:

(1)provide rent subsidies to businesses locating in the global commerce center; and

(2)maintain, improve, and expand economic development projects located in a global commerce center and the surrounding communities.

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(a) The district shall establish a regional
economic development fund.
(b) The fund consists of:
(1) revenues received under section 16 of this chapter;
(2) property taxes allocated to the district under section 17 of this
chapter; and
(3) any other funds made available to the district for the purposes
of economic development within a global commerce center.
(c) Money in the fund may be used to:
(1) provide rent subsidies to businesses locating in the global
commerce center; and
(2) maintain, improve, and expand economic development
projects located in a global commerce center and the surrounding
communities.