Sec. 25. The authority shall not issue bonds in a principal amount exceeding five hundred million dollars ($500,000,000) to finance any capital improvement in Marion County unless:
(1) on or before June 30, 2005, the county fiscal body:
(A) increases the rate of the tax authorized by IC 6-6-9.7 by the maximum amount authorized by IC 6-6-9.7-7(c);
(B) increases the rate of the tax authorized by IC 6-9-8 by the maximum amount authorized by IC 6-9-8-3(d);
(C) increases the rate of tax authorized by IC 6-9-12 by the maximum amount authorized by IC 6-9-12-5(b); and
(D) increases the rate of the tax authorized by IC 6-9-13 by the maximum amount authorized by IC 6-9-13-2(b); and
(2) on or before October 1, 2005, the budget director makes a determination under IC 36-7-31-14.1 to increase the amount of money captured in a tax area established under IC 36-7-31 by up to eleven million dollars ($11,000,000) per year, commencing July 1, 2007.
As added by P.L.214-2005, SEC.6. Amended by P.L.104-2022, SEC.13.
Structure Indiana Code
Title 5. State and Local Administration
Article 1. Bonds and Other Obligations
Chapter 17. Indiana Stadium and Convention Building Authority
5-1-17-0.3. General Assembly Findings
5-1-17-4. "Capital Improvement Board"
5-1-17-8. Meetings; Officers; Quorum
5-1-17-9. Bylaws; Rules; Code of Ethics
5-1-17-9.5. Personal Liability of Members or Employees
5-1-17-12. Bonds; Refunding; Leases; Property
5-1-17-13. Lease; Findings; Term; Conditions
5-1-17-15. Capital Improvement Plans and Specifications; Approval
5-1-17-16. Agreements; Common Wall; Easements; Licenses
5-1-17-17. Capital Improvement; Land; Sale; Lease
5-1-17-18.3. Prohibition on Certain Contract Limitations for a Project
5-1-17-18.5. Negotiating With a Single Bidder for a Project
5-1-17-19. Bonds; Complete Authority
5-1-17-20. Bonds; Legal Investments
5-1-17-22. Bond Issue for Leased Property Purchase
5-1-17-24. Bonds; Contesting Validity
5-1-17-25. Bonds; Maximum Amount; Conditions
5-1-17-26. Leases Between Authority and State Agency
5-1-17-27. Real Property Conveyance Without Bid or Advertisement
5-1-17-28. Lease Payments From Taxes; Budget Director Designee