36-7-15.6-1. Applicability
Sec. 1. This chapter applies only to a consolidated city. As added by P.L.61-2018, SEC.1.
36-7-15.6-10. Boundaries of a District
Sec. 10. (a) Only special flood hazard property may be included within the boundaries of a flood control improvement district established under this chapter. (b) A flood control improvement district may only include those special flood hazard properties that benefit directly from flood control works within the district. (c) A flood control improvement district may […]
36-7-15.6-11. Establishment of a District; Notice; Hearing; Remonstrances
Sec. 11. (a) A commission shall review a recommendation submitted by the board of public works under section 9(e) of this chapter to establish a district within the boundaries of the unit. (b) If the commission finds that the construction, replacement, repair, maintenance, or improvement of flood control works located within its jurisdiction is necessary […]
36-7-15.6-12. Appeal Procedures
Sec. 12. (a) A person who files a written remonstrance with the commission under section 11 of this chapter and who is aggrieved by the final action taken may, within ten (10) days after that final action, file with the office of the clerk of the circuit or superior court of the county a copy […]
36-7-15.6-13. Distribution and Allocation of Taxes; Allocation Area; Allocation of Excess Assessed Value
Sec. 13. (a) An allocation provision adopted under this chapter must: (1) apply to the entire flood control improvement district; and (2) require that any property tax on taxable property subsequently levied by or for the benefit of any public body entitled to a distribution of property taxes in the flood control improvement district be […]
36-7-15.6-14. Waiver of Review of an Assessment
Sec. 14. The commission may enter into a written agreement with a taxpayer who owns, or is otherwise obligated to pay property taxes on, tangible property that is or will be located in an allocation area established under this chapter in which the taxpayer waives review of any assessment of the taxpayer’s tangible property that […]
36-7-15.6-15. Payments in Lieu of Property Taxes
Sec. 15. The commission may enter into a written agreement with a taxpayer that owns real property located in an allocation area of the district that is exempt from property tax assessment in which the taxpayer agrees to, in lieu of property taxes, pay to the unit authorized to levy property taxes the amount that […]
36-7-15.6-16. Flood Control Improvement Fund; Uses
Sec. 16. (a) The fiscal officer of the unit shall establish a flood control improvement fund for each flood control improvement district that is established within the jurisdiction of the unit. (b) The fiscal officer of the unit shall deposit in the fund of a district: (1) property tax proceeds allocated from the district to […]
36-7-15.6-17. Issuance of Bonds
Sec. 17. (a) The commission may issue bonds for the purpose of construction, replacement, repair, maintenance, or improvement of flood control works within a district established under this chapter, including to reimburse a unit for expenditures made from the unit’s storm water fund prior to the bond issuance as set forth in subsection (g)(11). (b) […]
36-7-15.6-18. Bonds; Tax Exemption
Sec. 18. All bonds issued under this chapter, together with the interest on them, are exempt from taxation. As added by P.L.61-2018, SEC.1.
36-7-15.6-19. Authorization to Reimburse Debt Service Payments on Bonds Made From the Unit’s Storm Water Fund
Sec. 19. (a) In lieu of issuing bonds under section 17 of this chapter, the fiscal body of the unit that established the commission may adopt an ordinance to authorize money in a flood control improvement fund of a district to be applied to reimburse debt service payments on bonds made from the unit’s storm […]
36-7-15.6-2. “Base Assessed Value”
Sec. 2. As used in this chapter, “base assessed value” means the net assessed value of all the taxable property located in a flood control improvement district as finally determined for the assessment date immediately preceding the effective date of the resolution adopted under this chapter establishing the particular district. As added by P.L.61-2018, SEC.1.
36-7-15.6-20. Distribution and Allocation of Taxes Following the Maturity Date of Bonds
Sec. 20. (a) Beginning the day after the maturity date of the bonds issued under section 17 of this chapter, or the bonds described in section 19(a) of this chapter, whichever is applicable, the allocation and distribution provisions under section 13 of this chapter do not apply, and property taxes shall not be allocated and […]
36-7-15.6-21. Report
Sec. 21. (a) Not later than April 15 of each year, a commission that administers a flood control improvement fund established under section 16 of this chapter shall file with the mayor and the fiscal body of the unit that established the commission a report setting out the commission’s activities with regard to the flood […]
36-7-15.6-22. Construction of This Chapter
Sec. 22. This chapter may not be construed to prevent, hinder, disrupt, or delay the completion of any public flood control project for which there is a memorandum of agreement or that is ongoing as of May 1, 2018, including the project located in Marion County commonly referred to as the Indianapolis North Flood Damage […]
36-7-15.6-3. “Board of Public Works”
Sec. 3. As used in this chapter, “board of public works” refers to the board of public works of the consolidated city. As added by P.L.61-2018, SEC.1.
36-7-15.6-4. “Commission”
Sec. 4. As used in this chapter, “commission” refers to the metropolitan development commission acting as the redevelopment commission of the consolidated city under IC 36-7-15.1. As added by P.L.61-2018, SEC.1.
36-7-15.6-5. “District”
Sec. 5. As used in this chapter, “district” refers to a flood control improvement district established under this chapter. As added by P.L.61-2018, SEC.1.
36-7-15.6-6. “Flood Control Works”
Sec. 6. As used in this chapter, “flood control works” includes the following: (1) The removal of obstructions and accumulated debris from channels of streams. (2) The clearing and straightening of channels of streams. (3) The creating of new and enlarged channels of streams, wherever required. (4) The building, repairing, or maintenance of dikes, levees, […]
36-7-15.6-7. “Fund”
Sec. 7. As used in this chapter, “fund” refers to the flood control improvement fund established under section 16 of this chapter. As added by P.L.61-2018, SEC.1.