Sec. 6. A county or municipality that withdraws from a development authority under section 5 of this chapter is liable to the development authority for any unpaid transfers under:
(1) IC 36-7.6-4-2; or
(2) an agreement between the members of the development authority and the development board;
that become due before the withdrawal of the county or municipality from the development authority is effective.
As added by P.L.232-2007, SEC.7. Amended by P.L.178-2015, SEC.13.
Structure Indiana Code
Article 7.6. Regional Development Authorities
Chapter 2. Development Authority and Board
36-7.6-2-1. Establishment of Development Authorities
36-7.6-2-2. Body Corporate and Politic; Development Authority Activities
36-7.6-2-3. Units That May Establish a Development Authority; Requirements
36-7.6-2-4. Joining an Existing Development Authority
36-7.6-2-5. Minimum Length of Participation; Withdrawal
36-7.6-2-6. Liability for Unpaid Transfers After Withdrawal
36-7.6-2-7. Development Board; Members
36-7.6-2-9. Terms; Reappointment; Oath; per Diem
36-7.6-2-11. Quarterly Meetings; Calling Meetings; Quorum; Authorization of Action
36-7.6-2-13. Public Purchasing and Public Works Project Laws Apply