Sec. 20. If the ordinance that established an economic improvement district is repealed, the assets and liabilities of the economic improvement district shall be disposed of in the manner determined by the unit. However, liabilities incurred by the economic improvement district are not an obligation of the unit and are payable only from the special assessments and other revenues of the district.
As added by P.L.195-1988, SEC.1.
Structure Indiana Code
Article 7. Planning and Development
Chapter 22. Economic Improvement Districts
36-7-22-1. Application of Chapter
36-7-22-3. "Economic Improvement Project" Defined
36-7-22-4. Petition; Filing; Contents
36-7-22-5. Apportionment of Benefits
36-7-22-6. Hearing; Notice; Questions Heard
36-7-22-7. Ordinance; Establishing District
36-7-22-9. Ordinance; Repeal or Amendment
36-7-22-10. Ordinance; Exemption From Special Assessments
36-7-22-11. Ordinance; Economic Improvement Board
36-7-22-13. Ordinance or Assessment Schedule; Action Contesting Validity
36-7-22-14. Certification of Final Scheduled Assessments
36-7-22-15. Assessments; Payment to Board
36-7-22-16. Economic Improvement Fund
36-7-22-18. Purchasing Materials or Equipment; Contracting for Public Works
36-7-22-19. Lease or Contractual Agreements
36-7-22-20. Disposal of Assets and Liabilities Upon Repeal of Ordinance
36-7-22-22. Powers of the Board to Finance Economic Improvement Projects