Sec. 7. (a) A ____________ Redevelopment Authority (the blank to be filled in with a name designated by the legislative body of the unit) may be created in the unit as a separate body corporate and politic and as an instrumentality of the unit to exercise any power granted to the authority under this chapter.
(b) An authority may be created by ordinance of the legislative body of the unit.
(c) An authority is subject to the same laws, rules, and ordinances of a general nature that apply to all other authorities and departments of the unit. An authority is:
(1) subject to audit by the state board of accounts under IC 5-11;
(2) covered by IC 5-14-1.5 (the public meetings law); and
(3) covered by IC 5-14-3 (the public records law).
As added by P.L.380-1987(ss), SEC.18. Amended by P.L.26-1993, SEC.3; P.L.149-2014, SEC.22.
Structure Indiana Code
Article 7. Planning and Development
Chapter 14.5. Redevelopment Authority
36-7-14.5-1. Application of Chapter
36-7-14.5-2. "Authority" Defined
36-7-14.5-5. "Commission" Defined
36-7-14.5-6. "Local Public Improvement" Defined
36-7-14.5-7. Creation of Redevelopment Authority; Subject to Laws of General Nature
36-7-14.5-9. Annual Meeting; Election of Officers; Special Meetings; Quorum; Reports
36-7-14.5-9.5. Electronic Meetings
36-7-14.5-11. Purposes of Authority; Prohibitions
36-7-14.5-12. Powers and Duties of Authority; Dissolution of Authority
36-7-14.5-12.3. Powers That May Be Exercised by County Executive
36-7-14.5-13. Refunding Bonds; Fiscal Body Approval
36-7-14.5-15. Legal Authority for Lease Agreements
36-7-14.5-17. Easement or License Agreements Between Authority and Commission; Recordation
36-7-14.5-18. Lease or Sale of Property From Commission to Authority; Fiscal Body Approval
36-7-14.5-19. Bonds; Procedures; Legislative Body Approval; Use of Revenue
36-7-14.5-20. Authority for Issuance of Bonds; Legal Investment Status of Bonds
36-7-14.5-21. Trust Indenture Securing Bonds; Fiscal Body Approval
36-7-14.5-22. Issuance of Bonds; Option to Purchase Leased Property; Legislative Body Approval
36-7-14.5-23. Tax-Exempt Status of Authority Property and Bonds