Sec. 1. (a) This chapter applies only to a county having a consolidated city. (b) The authority for the creation of a professional sports development area under this chapter is in addition to the authority for the creation of a professional sports development area under IC 36-7-31. As added by P.L.109-2019, SEC.16.
Sec. 10. An additional professional sports development area fund for the county is established. The fund shall be administered by the department. Money in the fund does not revert to the state general fund at the end of a state fiscal year. As added by P.L.109-2019, SEC.16.
Sec. 11. Covered taxes attributable to a tax area approved under section 8 of this chapter shall be deposited in the additional professional sports development area fund for the county. As added by P.L.109-2019, SEC.16.
Sec. 12. On or before the twentieth day of each month, all amounts on deposit in the additional professional sports development area fund for the county are appropriated for and shall be distributed to the capital improvement board. As added by P.L.109-2019, SEC.16.
Sec. 13. The auditor of state, in cooperation with the department, shall notify the county auditor of the amount of taxes to be distributed to the capital improvement board. As added by P.L.109-2019, SEC.16.
Sec. 14. All distributions from the additional professional sports development area fund for the county shall be made by warrants issued by the auditor of state to the treasurer of state ordering those payments to the capital improvement board. As added by P.L.109-2019, SEC.16.
Sec. 15. The capital improvement board may use money distributed from the additional professional sports development area fund to pay any costs related to a capital improvement described in section 4(a)(1) of this chapter, including the following: (1) Any costs related to the operation, maintenance, or replacement of a capital improvement described in section 4(a)(1) […]
Sec. 16. All capital improvements financed under this chapter are subject to the provisions of 25 IAC 5 concerning equal opportunities for minority business enterprises, women’s business enterprises, and veteran or disabled business enterprises to participate in procurement and contracting processes. The goals for participation are the following: (1) By minority business enterprises, fifteen percent […]
Sec. 17. The capital improvement board shall repay to the additional professional sports development area fund any amount that is distributed to the capital improvement board and used for a purpose that is not described in section 15 of this chapter. As added by P.L.109-2019, SEC.16.
Sec. 2. The following definitions apply throughout this chapter: (1) “Bonds” means bonds, notes, or other evidence of indebtedness. (2) “Budget agency” means the budget agency created by IC 4-12-1. (3) “Budget committee” means the budget committee established by IC 4-12-1-3. (4) “Capital improvement” means any facility or complex of facilities established as part of […]
Sec. 3. (a) The general assembly finds the following: (1) Marion County and municipalities located in Marion County face unique and distinct challenges and opportunities related to economic development issues associated with the construction of facilities that would host professional soccer and other sporting and entertainment events in the city. (2) A unique approach is […]
Sec. 4. (a) A commission may establish as part of an additional professional sports development area any facility or complex of facilities that is: (1) used to hold a professional sporting event, and which in addition, may be used to hold other entertainment events, including any publicly owned parking garage, plaza, or infrastructure that is […]
Sec. 5. (a) A tax area must be initially established not later than July 1, 2024, according to the procedures set forth for the establishment of an economic development area under IC 36-7-15.1. A tax area may be changed or the terms governing the tax area revised in the same manner as the establishment of […]
Sec. 6. (a) Upon adoption of a resolution establishing a tax area under section 8 of this chapter, the commission shall submit the resolution to the budget committee for review. (b) Upon adoption of a resolution changing the boundaries of a tax area under section 8 of this chapter, the commission shall: (1) publish notice […]
Sec. 7. (a) The budget agency must approve the resolution before the covered taxes may be allocated under section 8 of this chapter. (b) When considering a resolution, the budget committee and the budget agency must make the following findings: (1) The project specified in the resolution is economically sound and will benefit the people […]
Sec. 8. (a) A tax area must be established by resolution. A resolution establishing a tax area may provide for the allocation of covered taxes attributable to a taxable event or covered taxes earned in the tax area to the additional professional sports development area fund established for the county. The allocation provision must apply […]
Sec. 9. (a) When the commission adopts an allocation provision, the commission shall, in cooperation with the department and the Indiana office of technology, develop geographic information system (GIS) codes for the properties in the tax area, in accordance with guidelines issued by the department. The commission shall provide the department with any information necessary […]
