8-25-8-5. Governance of Foundation
Sec. 5. The foundation established under section 3 of this chapter is governed by a board of directors consisting of at least seven (7) voting members appointed by the board. As added by P.L.153-2014, SEC.17.
8-25-8-6. Terms of Foundation Board Members
Sec. 6. The members appointed under section 5 of this chapter shall be appointed for a term of three (3) years but may be removed by the board for cause. As added by P.L.153-2014, SEC.17.
8-25-8-7. Official Action of Foundation by Majority Vote
Sec. 7. The affirmative votes of a majority of the members of the board of directors are required for the foundation to take any official action. As added by P.L.153-2014, SEC.17.
8-25-8-8. Necessary Agreements Authorized
Sec. 8. The fiscal body of an eligible county, the board, or any other entity authorized to carry out a public transportation project under IC 8-25-4 in the eligible county may enter into any agreement necessary with the foundation to meet the requirements of IC 8-25-3-6(a) and carry out the purposes of this chapter. As […]
8-25-6-10. County Fiscal Body; Township Fiscal Body in Hendricks County; Required to Impose Taxes on Taxpayers Residing in a Township That Opts in to a Public Transportation Project
Sec. 10. (a) If the voters of a township described in section 2(a)(2)(A)(i) or 2(a)(2)(B)(i) of this chapter approve a local public question under this chapter, the fiscal body of the eligible county in which the township is located shall adopt an ordinance under IC 6-3.6-6 to impose an additional local income tax rate, as […]
8-25-8-3. Foundation Established; Purpose
Sec. 3. The board shall establish a foundation that is organized as a nonprofit corporation that is exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code to solicit and accept private funding, gifts, donations, bequests, devises, and contributions to meet the requirements of IC 8-25-3-6(a). As added by P.L.153-2014, SEC.17.
8-25-6-11. Repealed
As added by P.L.153-2014, SEC.17. Repealed by P.L.197-2016, SEC.99.
8-25-8-4. Use of Money Collected by Foundation
Sec. 4. A foundation established under section 3 of this chapter: (1) shall use money received under section 3 of this chapter to: (A) fund in part a public transportation project authorized under this article as required by IC 8-25-3-6(a); and (B) carry out the purposes and programs of the foundation under this chapter; and […]
8-25-6-12. Additional Tax Rate Applies Only on the County Local Taxpayers Who Reside in the Township That Opts In
Sec. 12. A tax rate imposed under this chapter applies only to the local taxpayers who reside in a township in which the voters approve a local public question held under this chapter. As added by P.L.153-2014, SEC.17. Amended by P.L.197-2016, SEC.100.
8-25-6-13. Alternative Funding Requirements Apply
Sec. 13. IC 8-25-3-6 applies to a public transportation project authorized under this chapter in a township. As added by P.L.153-2014, SEC.17.