Sec. 2. As used in this chapter, "eligible municipality" means a municipality that:
(1) includes any territory located in a township for which the township assistance property tax rate for property taxes first due and payable in any year after 2014 and before 2024 is more than:
(A) the statewide average township assistance property tax rate for property taxes first due and payable in the preceding year (as determined by the department of local government finance); multiplied by
(B) twelve (12); and
(2) is adjacent to one (1) or more townships other than the township described in subdivision (1).
As added by P.L.234-2013, SEC.10. Amended by P.L.249-2015, SEC.25; P.L.143-2020, SEC.1.
Structure Indiana Code
Chapter 1.5. Transfer of Municipal Territory to an Adjacent Township
36-1-1.5-1. Application of Chapter
36-1-1.5-2. "Eligible Municipality"
36-1-1.5-3. "Township Assistance Property Tax Rate"
36-1-1.5-4. "Transferor Township"
36-1-1.5-5. Other Reorganizations or Alterations Not Prohibited
36-1-1.5-6. Transfer of Territory of Eligible Municipality
36-1-1.5-7. Petition Requesting Public Question; Requirements
36-1-1.5-10. Transfer of Territory Not Authorized if Public Question Not Approved
36-1-1.5-11. Transfer of Territory
36-1-1.5-12. Outstanding Indebtedness