Indiana Code
Article 1. Bonds and Other Obligations
Chapter 17.5. Motorsports Investment District

5-1-17.5-1. Legislative Findings - Sec. 1. The general assembly finds the following: (1) Marion...

5-1-17.5-2. "Admissions Fees" - Sec. 2. As used in this chapter, "admissions fees" means...

5-1-17.5-3. Repealed - As added by P.L.233-2013, SEC.5. Repealed by P.L.189-2018, SEC.22.

5-1-17.5-4. "Authority" - Sec. 4. As used in this chapter, "authority" refers to...

5-1-17.5-5. "Board" - Sec. 5. As used in this chapter, "board" refers to...

5-1-17.5-6. "Bonds" - Sec. 6. As used in this chapter, "bonds" has the...

5-1-17.5-7. "Budget Agency" - Sec. 7. As used in this chapter, "budget agency" means...

5-1-17.5-8. "Budget Committee" - Sec. 8. As used in this chapter, "budget committee" means...

5-1-17.5-9. "Commission" - Sec. 9. As used in this chapter, "commission" refers to...

5-1-17.5-10. "Department" - Sec. 10. As used in this chapter, "department" refers to...

5-1-17.5-11. "Motorsports Investment District" - Sec. 11. As used in this chapter, "motorsports investment district"...

5-1-17.5-12. "Person" - Sec. 12. As used in this chapter, "person" has the...

5-1-17.5-13. "Political Subdivision" - Sec. 13. As used in this chapter, "political subdivision" has...

5-1-17.5-14. "Qualified Motorsports Facility" - Sec. 14. (a) As used in this chapter, "qualified motorsports...

5-1-17.5-15. Commission Established; Purpose - Sec. 15. The Indiana motorsports commission is created in Indiana...

5-1-17.5-16. Board of Directors of the Commission - Sec. 16. (a) The board of directors of the commission...

5-1-17.5-17. Powers of the Commission - Sec. 17. The commission is authorized and empowered to do...

5-1-17.5-18. Staff Support and Expenses; Employees - Sec. 18. The authority shall provide staff support for the...

5-1-17.5-19. Surety Bonds of Directors - Sec. 19. (a) Except as provided in subsection (b), each...

5-1-17.5-20. Personal Liability of Directors - Sec. 20. The directors of the board are not subject...

5-1-17.5-21. Annual Audit - Sec. 21. The commission shall cause an audit or review...

5-1-17.5-22. Annual Report - Sec. 22. The commission shall, following the close of each...

5-1-17.5-23. Director's Interest in Contracts or in Sale or Lease of Property Prohibited - Sec. 23. (a) A director of the commission who knowingly...

5-1-17.5-24. Resolution by Commission Establishing a District; Public Hearing; Required Findings by Commission; Territory of District - Sec. 24. (a) The commission may, after a public hearing,...

5-1-17.5-25. Allocation of Amounts Appropriated to the Commission; Expiration Date of District - Sec. 25. A resolution establishing a motorsports investment district must...

5-1-17.5-26. Filing of Informational Tax Returns by Certain Taxpayers; Guidelines - Sec. 26. (a) A taxpayer operating in the motorsports investment...

5-1-17.5-27. Submission to the Budget Agency of Resolution Establishing District - Sec. 27. Upon adoption by the commission of a resolution...

5-1-17.5-28. Budget Committee Review; Approval by Budget Agency; Required Findings Before Resolution May Be Approved - Sec. 28. The budget agency, after review by the budget...

5-1-17.5-29. Information to Be Provided to Department of State Revenue - Sec. 29. (a) If the commission adopts a resolution establishing...

5-1-17.5-30. Motorsports Investment District Fund; Request for Appropriations; Use of Money in the Fund - Sec. 30. (a) If a motorsports investment district is established...

5-1-17.5-30.5. Establishment of Motorsports Facility Fund; Deposits; Reversions; Requests for Appropriations - Sec. 30.5. (a) If a motorsports investment district is established...

5-1-17.5-31. Powers of Indiana Finance Authority - Sec. 31. The authority may do any of the following:...

5-1-17.5-32. Lease of Structures and Improvements; Requirements - Sec. 32. (a) The commission may lease all or any...

5-1-17.5-33. Option to Renew Lease - Sec. 33. A lease from the authority to the commission...

5-1-17.5-34. Option to Purchase Leased Property; Conveyance of Property; Requirements - Sec. 34. (a) A lease from the authority to the...

5-1-17.5-35. Authorization and Execution of Leases by Commission Board of Directors - Sec. 35. Each lease under section 32 of this chapter...

5-1-17.5-36. Commission Approval of Financed Improvements; Liens and Security Interests; Transfer of Controlling Ownership Interest in Qualified Motorsports Facility; Credits Against Obligations of Owners - Sec. 36. (a) Improvements financed under this chapter must be...

5-1-17.5-37. Issuance of Bonds; Terms and Conditions; Use of Bond Proceeds - Sec. 37. (a) Subject to subsection (f), the authority may...

5-1-17.5-38. Authority for Certain Actions by the Commission and the Indiana Finance Authority; Bonds as Legal Investments - Sec. 38. (a) This chapter contains full and complete authority...

5-1-17.5-39. Securing of Bonds; Trust Indenture; Validity of Pledge or Assignment - Sec. 39. (a) The authority may secure bonds issued under...

5-1-17.5-40. Action to Contest Validity of Bonds - Sec. 40. Any action to contest the validity of bonds...

5-1-17.5-41. Equal Opportunities in Procurement and Contracting - Sec. 41. Improvements financed under this chapter are subject to...

5-1-17.5-42. Income Tax Withholding; Department of State Revenue Guidelines - Sec. 42. The department shall develop guidelines and instructions concerning...

5-1-17.5-43. Office of Management and Budget Review - Sec. 43. The office of management and budget shall in...