§ 8-22-3-23 — Budget

(a) The board shall annually prepare a budget
for the purpose of operating and maintenance expenditures of the
authority and shall calculate the tax levy necessary to provide funds for
the operating expenditures necessary to carry out the powers, duties,
and functions of the authority. The budget must be prepared and
submitted:
(1) before or at the same time;
(2) in the same manner; and
(3) with notice;
as provided by the statutes relating to the preparation of budgets by
eligible entities. The budget is subject to the same review by the
department of local government finance as exists under the general
statutes relating to budgets of eligible entities.
(b) If the eligible entity that established the authority is a county,
city, or town, the fiscal body of that entity may review and modify the
authority's operating and maintenance budget and the tax levy to meet
it, in the same manner as the budgets and tax levies of executive
departments of that entity are reviewed and modified. This power
includes the power to reduce any item of salary.
(c) Whenever a tax levy is required to finance the budget of an
authority that was established by a city or town, the fiscal body of the
county also may review the budget and tax levy of the authority, unless
the district:
(1) lies wholly within, or coincides with, the boundaries of a city
or town;
(2) is not the recipient of funds from a county-wide tax levy made
specifically for the operating and maintenance budget for that
authority; and
(3) was established by the fiscal body of the city or town, acting
independently.
However, the budget and tax levy of the authority are subject to review
or modification by the fiscal body of the city or town with which it
shares territory, in the same manner as the budgets and tax levies of the
executive departments of that city or town are reviewed or modified.
(d) If an authority was established by another eligible entity or by
two (2) or more eligible entities acting jointly, its operating and
maintenance budget and the tax levy to meet it is subject to review and
modification by the same body that reviews and modifies the budget of
each of those entities in the same manner as the budgets and tax levies
of those entities, including reduction of any item of salary.
(e) This subsection applies only to the airport authority established
by the city of Gary. The following provisions apply if the board enters
into a lease, management agreement, or other contract under an
application approved by the Federal Aviation Administration under
which the lessee or other operator agrees to lease, manage, or operate
all or substantially all of the airport and its landing fields, air
navigation facilities, and other buildings and structures owned by the
authority:
(1) The board shall, to the extent permitted by federal law or any
grant agreement, make distributions to the city of Gary from the
payments received under the lease, management agreement, or
other contract.
(2) The distributions to the city of Gary shall be made in
installments and on the dates determined by the fiscal body of the
city, and shall be paid to the fiscal officer of the city for deposit
in the city's general fund.
(3) Money distributed to the city of Gary under this subsection
may be used for any legal or corporate purpose of the city and
may not be used to reduce the city's maximum levy under IC 6-1.1-18.5, but may be used at the discretion of the city fiscal
body to reduce the property tax levy of the city for a particular
year.
(f) The general assembly finds the following:
(1) The city of Gary faces:
(A) unique and distinct challenges due to high levels of
unemployment, the character and occupancy of real estate, and
the general economic conditions of the community; and
(B) unique and distinct opportunities related to transportation
and economic development;
that are different in scope and type than those faced by other units
of local government in Indiana.
(2) A unique approach is required to fully take advantage of the
economic development potential of the city of Gary, the
Gary/Chicago International Airport, and the Lake Michigan
shoreline.
(3) The powers and responsibilities provided to the airport
authority established by the city of Gary by subsection (e) and the
other provisions of this chapter are appropriate and necessary to
carry out the public purposes of encouraging economic
development and further facilitating the provision of air
transportation services and economic development projects in the
city of Gary.
(4) The exercise of the powers and responsibilities granted to the
airport authority established by the city of Gary by subsection (e)
and the other provisions of this chapter is critical to economic
development not only in the city of Gary, but throughout
northwest Indiana, and is a public purpose.
(5) Economic development benefits the health and welfare of the
people of Indiana, is a public use and purpose for which public
money may be spent, and is of public utility and benefit.
[Pre-Local Government Recodification Citations: 19-6-2-25;
19-6-3-26; 19-6-3.5-27.]
As added by Acts 1980, P.L.8, SEC.73. Amended by
P.L.107-1993, SEC.2; P.L.90-2002, SEC.330; P.L.182-2009(ss),
SEC.269; P.L.257-2019, SEC.79.