Sec. 31. On the date that all financing obligations for a development project in a district established in a member county are no longer considered outstanding and all expenses incurred by the development authority in connection with the exercise of the development authority's duties and obligations set forth in this chapter have been paid, all money remaining in each district's account (or municipality's subaccount) in the south shore improvement and development fund shall be distributed to the redevelopment commission of the municipality in which each district is located, or to the municipality if a redevelopment commission does not exist.
As added by P.L.248-2017, SEC.10.
Structure Indiana Code
Article 7.5. Northwest Indiana Regional Development Authority
Chapter 4.5. Rail Transit Development Districts
36-7.5-4.5-0.5. "Associate Member"
36-7.5-4.5-1. "Base Assessed Value"
36-7.5-4.5-2.5. "Cash Participant"
36-7.5-4.5-5. "Development Project"
36-7.5-4.5-7. "Gross Retail Tax Base Period Amount"
36-7.5-4.5-8. "Gross Retail Tax Increment Revenue"
36-7.5-4.5-9. "Local Income Tax Base Period Amount"
36-7.5-4.5-10. "Local Income Tax Increment Revenue"
36-7.5-4.5-11. "Property Tax Increment Revenue"
36-7.5-4.5-13. "State Income Tax Base Period Amount"
36-7.5-4.5-14. "State Income Tax Increment Revenue"
36-7.5-4.5-15. "Rail Transit Development Corridor"; Establishment; Geographic Area
36-7.5-4.5-17. Transit Development District; Establishment; Conditions; Geographic Area
36-7.5-4.5-19. Steering Committee; Establishment; Members; Meetings; Duties
36-7.5-4.5-23. Funding of Development Projects Within a Transit Development District; Uses
36-7.5-4.5-28. Certification and Distributions From Transit Development District Account
36-7.5-4.5-29. Expenses; Liabilities; Obligations
36-7.5-4.5-30. Chapter Broadly Construed
36-7.5-4.5-31. Distribution of Remaining Money Upon Completion