Sec. 22. The capital improvement board shall repay to the professional sports development area fund or the sports and convention facilities operating fund any amount that is distributed to the capital improvement board and used for:
(1) a purpose that is not described in section 21 of this chapter; or
(2) a facility or facility site other than the facility and facility site to which covered taxes are designated under the resolution described in section 14 or 14.2 of this chapter.
The department shall distribute the covered taxes repaid to the professional sports development area fund or the sports and convention facilities operating fund under this section proportionately to the funds and the political subdivisions that would have received the covered taxes if the covered taxes had not been allocated to the tax area under this chapter.
As added by P.L.255-1997(ss), SEC.19. Amended by P.L.182-2009(ss), SEC.420.
Structure Indiana Code
Article 7. Planning and Development
Chapter 31. Professional Sports Development Area in County Containing a Consolidated City
36-7-31-1. Applicability of Chapter
36-7-31-4. "Capital Improvement Board"
36-7-31-10. Establishment of Area; Facilities
36-7-31-11. Establishment of Area; Time; Findings; Area Changes; Special Taxing District
36-7-31-13. Approval of Resolution by Budget Agency
36-7-31-14. Resolution; Allocation of Taxes to Professional Sports Development Area Fund
36-7-31-15. Notice of Adoption of Allocation Provision; District Business Information
36-7-31-17. Deposit of Taxes in Professional Sports Development Area Fund
36-7-31-18. Distribution of Taxes From Funds
36-7-31-19. Notice of Taxes to Be Distributed to Capital Improvements Board
36-7-31-21. Uses of Money From Funds