Sec. 20. The designating body shall repay to the professional sports development area fund any amount that is distributed to the designating body and used for:
(1) a purpose that is not described in 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 10 of this chapter.
The department shall distribute the covered taxes repaid to the professional sports development area 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.20. Amended by P.L.178-2002, SEC.132.
Structure Indiana Code
Article 7. Planning and Development
Chapter 31.3. Professional Sports Development Area
36-7-31.3-1. Applicability of Chapter
36-7-31.3-3. "Budget Committee"
36-7-31.3-5.5. "Designating Body"
36-7-31.3-9. Establishment of Area; Time; Findings; Special Taxing District
36-7-31.3-9.3. General Assembly Findings
36-7-31.3-9.7. Modification of an Area
36-7-31.3-10. Resolution; Allocation of Taxes; Renewal of Expired Areas
36-7-31.3-12. Approval of Resolution by Budget Agency
36-7-31.3-13. Allocation Provision Adoption; Notice; District Business Information
36-7-31.3-14. Professional Sports and Convention Development Area Fund
36-7-31.3-15. Deposit of Taxes in Fund
36-7-31.3-16. Distributions From Fund