§ 5-28-5-2 — Grant of necessary and appropriate powers; property purchase notice requirements

Indiana § 5-28-5-2

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 28: INDIANA ECONOMIC DEVELOPMENT
• Ch. 5: General Powers

Text

(a) Subject to subsection (b), the corporation is
granted all powers necessary or appropriate to carry out the
corporation's public and corporate purposes under this chapter.
(b) Before the corporation may purchase land in a county that in
total exceeds one hundred (100) acres whether acquired in one (1)
transaction or a series of transactions, the corporation must first give
notice, in writing, to the board of county commissioners of the county
in which the land is located not later than thirty (30) days before the
closing date for the purchase or purchases. If the land is located within
a city, the corporation must also give notice in writing to the mayor of
the city in which the land is located not later than thirty (30) days
before the closing date.
(c) At the same time the corporation provides the notice described
in subsection (b) to the county or municipality, or both, in which the
land is located, the corporation shall also provide a copy of the notice
described in subsection (b) to the budget committee.

Legislative History

As added by P.L.4-2005, SEC.34. Amended by P.L.145-2025, SEC.3.