36-7.5-4.5-28. Certification and Distributions From Transit Development District Account
Sec. 28. (a) Not later than sixty (60) days after receiving a copy of the resolution establishing a district, the department shall determine the following for that district: (1) The state income tax base period amount. (2) The gross retail tax base period amount. (3) The local income tax base period amount. (b) Before October […]
36-7.5-4.5-29. Expenses; Liabilities; Obligations
Sec. 29. All expenses incurred in carrying out this chapter are payable solely from revenue received under this chapter or from the proceeds of the financial instruments issued by the development authority payable from revenues received under this chapter. A liability or obligation may not be incurred by the development authority that is greater than […]
36-7.5-4.5-15. “Rail Transit Development Corridor”; Establishment; Geographic Area
Sec. 15. There is created a rail transit development corridor that consists of the geographic area that is within five-tenths (0.5) of a mile of the following rail lines that are a part of the Northern Indiana Commuter or South Bend Railway: (1) The Chicago to South Bend line. (2) The Hammond to Dyer line, […]
36-7.5-4.5-16. County That Is Not a Member of Development Authority; Financially Participate in Mainline Double Tracking Project as Associate Member or Cash Member; Rights and Duties
Sec. 16. (a) A county that is not a member of the development authority, along with municipalities within the county, may financially participate in the mainline double tracking project and receive the same benefits a member would receive under this chapter. To financially participate, a county may become an associate member of the development authority […]
36-7.5-4.5-16.5. Transfer of Funds by a Cash Participant or Associate Member; Double Tracking Project; Pledge
Sec. 16.5. (a) This section applies to an associate member or cash participant that has committed to: (1) make a cash payment to the development authority; or (2) provide revenues to the development authority annually to make debt service payments annually for the life of any: (A) bonds or obligations issued; or (B) leases entered […]
36-7.5-4.5-17. Transit Development District; Establishment; Conditions; Geographic Area
Sec. 17. (a) The development authority may establish a transit development district and may expand a district. Before establishing a transit development district, the development authority shall consult with the municipality in which the district will be located. To establish or expand a district the development authority must hold at least two (2) public hearings […]
36-7.5-4.5-3. “Corridor”
Sec. 3. As used in this chapter, “corridor” means the geographic area established as a rail transit development corridor by this chapter. As added by P.L.248-2017, SEC.10.
36-7.5-4.5-18. Transit Development District Located in Cash Participant County; Administration and Use of Incremental Property Tax Revenue
Sec. 18. If a district is established, the following apply to the administration and use of incremental property tax revenue by the development authority, or a redevelopment commission in the case of a district located in a cash participant county, in the district: (1) The department of local government finance shall adjust the base assessed […]
36-7.5-4.5-4. “Department”
Sec. 4. As used in this chapter, “department” refers to the department of state revenue. As added by P.L.248-2017, SEC.10.
36-7.5-4.5-19. Steering Committee; Establishment; Members; Meetings; Duties
Sec. 19. (a) There is established a steering committee to provide information and guidance to the development authority on development within the districts located in a member county. (b) The steering committee is comprised of one (1) individual appointed by the executive of each municipality located in a member county in which a district could […]