Sec. 27. (a) All proceeds from the sale of bonds under section 23 of this chapter shall be kept as a separate and specific fund to pay the expenses incurred in connection with the property acquisition, redevelopment, reuse, and economic development of the military base development area. The fund shall be known as the military base development district capital fund.
(b) All gifts or donations that are given or paid to the development authority or to a unit for military base development purposes shall be promptly deposited to the credit of the military base development district general fund unless otherwise directed by the grantor. The development authority may use these gifts and donations for the purposes of this chapter.
As added by P.L.203-2005, SEC.11.
Structure Indiana Code
Article 7. Planning and Development
Chapter 30.5. Development of Multicounty Federal Military Bases
36-7-30.5-4. "Development Authority"
36-7-30.5-6. "Military Base Property"
36-7-30.5-6.5. Task Force Action to Establish Development Authority
36-7-30.5-7. Preparation for Reuse of Military Bases
36-7-30.5-8. Task Force Action to Establish Development Authority
36-7-30.5-9. Development Authority Governed by Board
36-7-30.5-10. Appointment of Members to Development Authority
36-7-30.5-11. Terms of Members; Oath; Bond; Qualifications; Reimbursement for Expenses
36-7-30.5-12. Meetings; Officers; Rules; Quorum
36-7-30.5-13. Removal From Office
36-7-30.5-14. Duties of Development Authority
36-7-30.5-15. Powers of Development Authority
36-7-30.5-16. Plan and Declaration of Military Base Development Area
36-7-30.5-17. Adoption of Resolution
36-7-30.5-18. Notice and Hearing on Adoption of Resolution
36-7-30.5-19. Appeal From Final Action of Development Authority
36-7-30.5-20. Purchase of Property
36-7-30.5-21. Acquisition of Property by Eminent Domain
36-7-30.5-22. Clearing, Maintenance, and Replanning of Development Area
36-7-30.5-23. Issuance of Bonds
36-7-30.5-24. Lease of Property
36-7-30.5-25. Lessor of Property
36-7-30.5-26. Pledge of Revenues and Covenant
36-7-30.5-27. Proceeds of Bonds; Capital and General Funds
36-7-30.5-28. Payment From Funds
36-7-30.5-29. Activities Financed by Bonds, Notes, or Warrants
36-7-30.5-30. Allocation Areas; Allocation and Distribution of Property Taxes
36-7-30.5-31. Resolution to Modify Definition of Property Taxes
36-7-30.5-33. Utility Services
36-7-30.5-35. Conditions on Property Development; Development Fees