Sec. 1. (a) In order to establish a development authority under this article, the fiscal bodies of a combination of any two (2) or more counties or municipalities described in subsection (b) must adopt substantially similar resolutions to adopt a preliminary development plan prepared under section 3 of this chapter for the development authority. (b) […]
Sec. 10. A county or municipality that establishes or joins a development authority under this chapter shall be a member of the development authority for not less than five (5) years or until the expiration of this article. As added by P.L.83-2020, SEC.2.
Sec. 2. A development authority established under this chapter is a separate body corporate and politic that shall carry out the purposes of this article by: (1) acquiring, constructing, equipping, owning, and financing projects and facilities to or for the benefit of eligible political subdivisions under this article; and (2) funding and developing: (A) airport […]
Sec. 3. Units that wish to establish a development authority under this chapter must prepare and adopt a preliminary strategic economic development plan that includes provisions and general information concerning the following: (1) The participating members of the development authority. (2) The membership of the strategy committee under section 5 of this chapter. (3) A […]
Sec. 4. (a) A development authority established under this chapter shall prepare a comprehensive strategic economic development plan to serve as a roadmap to diversify and strengthen the regional economy, establish regional goals and objectives, develop and implement a regional action plan, identify ways to eliminate duplicative government services within the region, and identify investment […]
Sec. 5. (a) A development authority established under this chapter is governed by a strategy committee. (b) A strategy committee is composed of members according to the terms of the preliminary development plan adopted by the fiscal bodies of development authority members under section 1 of this chapter. (c) The removal of a member and […]
Sec. 6. (a) In January of each year, a strategy committee shall hold an organizational meeting at which the strategy committee shall elect the following officers from the members of the strategy committee: (1) A chair. (2) A vice chair. (3) A secretary-treasurer. (b) The affirmative vote of at least a majority of the members […]
Sec. 7. (a) A strategy committee shall meet at least quarterly. (b) The chair of a strategy committee or any two (2) members of a strategy committee may call a special meeting of the strategy committee. (c) A majority of the appointed members of a strategy committee constitutes a quorum. (d) The affirmative votes of […]
Sec. 8. A strategy committee shall adopt the bylaws and rules that the strategy committee considers necessary for the proper conduct of the strategy committee’s duties and the safeguarding of the development authority’s funds and property. As added by P.L.83-2020, SEC.2.
Sec. 9. (a) Only one (1) development authority may be established under this article. However, a county or municipality described in subsection (b) may join a development authority established under section 1 of this chapter if the fiscal body of the county or municipality: (1) adopts an ordinance authorizing the county or municipality to become […]
