Sec. 3. (a) Projects, improvements, or purposes that may be financed by a commission in redevelopment project areas or economic development areas may be financed if the projects, improvements, or purposes are not located in those areas or the redevelopment district as long as the projects, improvements, or purposes directly serve or benefit those areas.
(b) This subsection applies only to counties having a consolidated city. A metropolitan development commission acting as the redevelopment commission of the consolidated city may finance projects, improvements, or purposes that are located in the county and in a reuse area established under IC 36-7-30, even though the reuse area is not located in the redevelopment district. However, at the time this financing is initiated, the redevelopment commission must make a finding that the project, improvement, or purpose will serve or benefit the redevelopment district.
As added by P.L.35-1990, SEC.62. Amended by P.L.26-1995, SEC.13; P.L.185-2005, SEC.50.
Structure Indiana Code
Article 7. Planning and Development
Chapter 25. Additional Powers of Redevelopment Commissions
36-7-25-3. Financing of Projects, Improvements, and Purposes
36-7-25-4. Joint Undertaking of Redevelopment or Economic Development Projects in Contiguous Areas
36-7-25-5. Project Agreements; Procedures
36-7-25-6.5. Certain Tax Exempt Property; Limitation on Charges
36-7-25-7. Contracts With Eligible Entities for Educational and Training Programs
36-7-25-8. Redevelopment Commission; Duty to Annually Present Information to Taxing Units