§ 8-10-5-17 — Cumulative channel maintenance fund; establishment; tax levies; docking and launch fees

(a) The board of directors of any port
authority may, by resolution, recommend to any municipal corporation
or county that a cumulative channel maintenance fund be established
under IC 6-1.1-41 to provide funds for the:
(1) dredging of channels;
(2) cleaning of channels and shores of debris and any other
pollutants;
(3) purchase, renovation, construction, or repair of bulkheads,
pilings, docks, and wharves;
(4) purchase and development of land adjoining channels within
the jurisdiction of the port authority and which land is necessary
to the fulfillment of the plan adopted by the port authority for the
future development, construction, and improvement of its
facilities. The purchased and developed land shall be available to
the residents of the taxing district without further charge; or
(5) regulation and enforcement of regulation of all uses and
activities related to waters that are under the jurisdiction of the
port authority.
(b) To provide for the cumulative channel maintenance fund:
(1) a county, city, or town fiscal body may levy a tax in
compliance with IC 6-1.1-41 not to exceed three and thirty-three
hundredths cents ($0.0333) on each one hundred dollars ($100)
on all taxable property within the county, town, or city; and
(2) a city described in sections 22(a) and 23(a) of this chapter may
impose the following:
(A) An annual docking fee under section 22 of this chapter.
(B) A marina launch fee under section 23 of this chapter.
(c) The revenue from a tax, an annual docking fee, or a marina
launch fee collected under subsection (b) shall be held in the
cumulative channel maintenance fund established under subsection (a).
Formerly: Acts 1959, c.343, s.16; Acts 1972, P.L.67, SEC.1. As
amended by Acts 1981, P.L.11, SEC.53; P.L.8-1989, SEC.53;
P.L.17-1995, SEC.7; P.L.6-1997, SEC.133; P.L.34-2004,
SEC.1.