reglab/housing_qa huggingface dataset:
IN Code § 36-7.6-4-11 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.6. Regional Development Authorities|Chapter 4. Financing; Issuance of Bonds; Leases|36-7.6-4-11. Leases or Sale of Projects or Land to Development Authorities

Sec. 11. (a) An eligible political subdivision may lease for a nominal lease rental, or sell to a development authority, one (1) or more projects or parts of a project or land on which a project is located or is to be constructed.(b) Any lease of all or a part of a project by an eligible political subdivision to a development authority must be for a term equal to the term of the lease of that project back to the eligible political subdivision.(c) An eligible political subdivision may sell property to a development authority for the amount the eligible political subdivision determines to be in the best interest of the eligible political subdivision. The development authority may pay that amount from the proceeds of bonds of the development authority.As added by P.L.232-2007, SEC.7.
IN Code § 36-7.6-4-12 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.6. Regional Development Authorities|Chapter 4. Financing; Issuance of Bonds; Leases|36-7.6-4-12. Option to Purchase Property

Sec. 12. If an eligible political subdivision exercises its option to purchase leased property, the eligible political subdivision may issue its bonds as authorized by statute.As added by P.L.232-2007, SEC.7.
IN Code § 36-7.6-4-13 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.6. Regional Development Authorities|Chapter 4. Financing; Issuance of Bonds; Leases|36-7.6-4-13. Tax Exemption

Sec. 13. (a) All:(1) property owned by a development authority;(2) revenue of a development authority; and(3) bonds issued by a development authority, the interest on the bonds, the proceeds received by a holder from the sale of bonds to the extent of the holder's cost of acquisition, proceeds received upon redemption before maturity, proceeds received at maturity, and the receipt of interest in proceeds;are exempt from taxation in Indiana for all purposes except the financial institutions tax imposed under IC 6-5.5.(b) All securities issued under this chapter are exempt from the registration requirements of IC 23-19 and other securities registration statutes.As added by P.L.232-2007, SEC.7. Amended by P.L.1-2009, SEC.169; P.L.79-2017, SEC.85.
IN Code § 36-7.6-4-14 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.6. Regional Development Authorities|Chapter 4. Financing; Issuance of Bonds; Leases|36-7.6-4-14. Bonds; Legal Investments

Sec. 14. Bonds issued under this chapter are legal investments for private trust funds and the funds of banks, trust companies, insurance companies, building and loan associates, credit unions, savings banks, private banks, loan and trust and safe deposit companies, rural loan and savings associations, guaranty loan and savings associations, mortgage guaranty companies, small loan companies, industrial loan and investment companies, and other financial institutions organized under Indiana law.As added by P.L.232-2007, SEC.7.
IN Code § 36-7.6-4-15 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.6. Regional Development Authorities|Chapter 4. Financing; Issuance of Bonds; Leases|36-7.6-4-15. Bonds; Contesting Validity

Sec. 15. An action to contest the validity of bonds to be issued under this chapter may not be brought after the time limitations set forth in IC 5-1-14-13.As added by P.L.232-2007, SEC.7.
IN Code § 36-7.6-4-16 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.6. Regional Development Authorities|Chapter 4. Financing; Issuance of Bonds; Leases|36-7.6-4-16. Transfers; Failure to Make Transfer; Duty of State Treasurer

Sec. 16. (a) This section applies if the county or municipality fails to make a transfer or part of a transfer required by:(1) section 2 of this chapter; or(2) an interlocal agreement executed under section 3(h) of this chapter that is required to satisfy the county's or municipality's obligation to contribute to the satisfaction of outstanding bonds or other debt of the development authority.(b) The treasurer of state shall do the following:(1) Withhold an amount equal to the amount of the transfer or part of the transfer under section 2 of this chapter that the county or municipality failed to make from money in the possession of the state that would otherwise be available for distribution to the county or municipality under any other law.(2) Pay the amount withheld under subdivision (1) to the development authority to satisfy the county's or municipality's obligations to the development authority.As added by P.L.232-2007, SEC.7. Amended by P.L.146-2008, SEC.775; P.L.178-2015, SEC.24.
IN Code § 36-7.6-4-17 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.6. Regional Development Authorities|Chapter 4. Financing; Issuance of Bonds; Leases|36-7.6-4-17. Covenants

Sec. 17. (a) If there are bonds outstanding that have been issued under this article by a development authority and are not secured by a lease, or if there are leases in effect under this article, the general assembly covenants that it will not reduce the amount required to be transferred under section 2 of this chapter from a county or municipality that is a member of a development authority to the development authority below an amount that would produce one and twenty-five hundredths (1.25) multiplied by the total of the highest annual debt service on the bonds to their final maturity plus the highest annual lease payments on the leases to their final termination date.(b) The general assembly also covenants that it will not:(1) repeal or amend this article in a manner that would adversely affect owners of outstanding bonds, or the payment of lease rentals, secured by the amounts pledged under this chapter; or(2) in any way impair the rights of owners of bonds of a development authority, or the owners of bonds secured by lease rentals, secured by a pledge of revenues under this chapter;except as otherwise set forth in subsection (a).As added by P.L.232-2007, SEC.7.
IN Code § 36-7.7-1-1 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 1. Applicability|36-7.7-1-1. Application of Article

Sec. 1. This article applies only to eligible political subdivisions described in IC 36-7.7-2-7 that are located in the Indianapolis-Carmel-Anderson Metropolitan Statistical Area as defined by the United States Census Bureau.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-1-2 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 1. Applicability|36-7.7-1-2. Expiration of Article

Sec. 2. This article expires July 1, 2025.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-2-1 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 2. Definitions|36-7.7-2-1. Application of Definitions

Sec. 1. Except as otherwise provided, the definitions in this chapter apply throughout this article.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-2-2 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 2. Definitions|36-7.7-2-2. "Airport Authority"

Sec. 2. "Airport authority" refers to an airport authority established under IC 8-22-3.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-2-3 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 2. Definitions|36-7.7-2-3. "Commuter Transportation District"

Sec. 3. "Commuter transportation district" refers to a commuter transportation district established under IC 8-5-15.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-2-4 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 2. Definitions|36-7.7-2-4. "Comprehensive Development Plan"

Sec. 4. "Comprehensive development plan" refers to a comprehensive strategic economic development plan prepared under IC 36-7.7-3-4.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-2-5 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 2. Definitions|36-7.7-2-5. "Development Authority"

Sec. 5. "Development authority" refers to the central Indiana regional development authority established under IC 36-7.7-3-1.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-2-6 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 2. Definitions|36-7.7-2-6. "Economic Development Project"

Sec. 6. "Economic development project" means an economic development project described in IC 6-3.6-2-8.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-2-7 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 2. Definitions|36-7.7-2-7. "Eligible Political Subdivision"

Sec. 7. "Eligible political subdivision" means any of the following:(1) A county.(2) A municipality.(3) An airport authority.(4) A commuter transportation district.(5) A regional transportation authority.(6) A public transportation corporation under IC 36-9-4.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-2-8 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 2. Definitions|36-7.7-2-8. "Strategy Committee"

Sec. 8. "Strategy committee" refers to the strategy committee composed of members selected according to the terms of the preliminary development plan.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-2-9 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 2. Definitions|36-7.7-2-9. "Preliminary Development Plan"

Sec. 9. "Preliminary development plan" means a preliminary strategic economic development plan prepared under IC 36-7.7-3-3.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-2-10 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 2. Definitions|36-7.7-2-10. "Regional Transportation Authority"

Sec. 10. "Regional transportation authority" means a regional transportation authority established under IC 36-9-3.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-3-2 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 3. Development Authority and Board|36-7.7-3-2. Purposes

Sec. 2. A development authority established under this chapter is a separate body corporate and politic that shall carry out the purposes of this article by:(1) acquiring, constructing, equipping, owning, and financing projects and facilities to or for the benefit of eligible political subdivisions under this article; and(2) funding and developing:(A) airport authority projects;(B) commuter transportation district and other rail projects and services;(C) regional transportation authority projects and services;(D) economic development projects;(E) intermodal transportation projects;(F) regional trail or greenway projects;(G) regional transportation infrastructure projects under IC 36-9-43; and(H) any other capital infrastructure project that enhances the region with the goal of attracting people or business;that are of regional importance.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-3-3 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 3. Development Authority and Board|36-7.7-3-3. Preliminary Strategic Economic Development Plan

Sec. 3. Units that wish to establish a development authority under this chapter must prepare and adopt a preliminary strategic economic development plan that includes provisions and general information concerning the following:(1) The participating members of the development authority.(2) The membership of the strategy committee under section 5 of this chapter.(3) A timeline for submitting the comprehensive development plan under section 4 of this chapter.(4) A strategy for attracting (or any projected) investments, grants, matching funds, or local tax revenue.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-3-5 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 3. Development Authority and Board|36-7.7-3-5. Strategy Committee; Members; Compensation

Sec. 5. (a) A development authority established under this chapter is governed by a strategy committee.(b) A strategy committee is composed of members according to the terms of the preliminary development plan adopted by the fiscal bodies of development authority members under section 1 of this chapter.(c) The removal of a member and the filling of a vacancy on the strategy committee shall be made according to the terms of the development authority preliminary development plan.(d) Each member of a strategy committee, before entering upon the duties of office, must take and subscribe an oath of office under IC 5-4-1, which shall be endorsed upon the certificate of appointment and filed with the records of the investment board.(e) A member of a strategy committee is not entitled to receive any compensation for performance of the member's duties.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-3-6 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 3. Development Authority and Board|36-7.7-3-6. Chair; Officers

Sec. 6. (a) In January of each year, a strategy committee shall hold an organizational meeting at which the strategy committee shall elect the following officers from the members of the strategy committee:(1) A chair.(2) A vice chair.(3) A secretary-treasurer.(b) The affirmative vote of at least a majority of the members of the strategy committee is necessary to elect an officer under subsection (a).(c) An officer elected under subsection (a) serves from the date of the officer's election until the officer's successor is elected and qualified.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-3-7 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 3. Development Authority and Board|36-7.7-3-7. Meetings; Quorum; Affirmative Votes

Sec. 7. (a) A strategy committee shall meet at least quarterly.(b) The chair of a strategy committee or any two (2) members of a strategy committee may call a special meeting of the strategy committee.(c) A majority of the appointed members of a strategy committee constitutes a quorum.(d) The affirmative votes of at least a majority of the appointed members of a strategy committee are necessary to authorize any action of the strategy committee.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-3-8 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 3. Development Authority and Board|36-7.7-3-8. Bylaws and Rules

Sec. 8. A strategy committee shall adopt the bylaws and rules that the strategy committee considers necessary for the proper conduct of the strategy committee's duties and the safeguarding of the development authority's funds and property.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-3-9 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 3. Development Authority and Board|36-7.7-3-9. Membership

Sec. 9. (a) Only one (1) development authority may be established under this article. However, a county or municipality described in subsection (b) may join a development authority established under section 1 of this chapter if the fiscal body of the county or municipality:(1) adopts an ordinance authorizing the county or municipality to become a member of the development authority; and(2) adopts a substantially similar resolution to adopt the preliminary development plan of the development authority as set forth under section 1 of this chapter.A development authority shall notify the Indiana economic development corporation promptly in writing when a new member joins the development authority.(b) The following counties or municipalities may join a development authority established under section 1 of this chapter:(1) In the case of a county, a county that is adjacent to a county that:(A) is a member of the development authority; or(B) contains a member of the development authority.(2) In the case of a municipality, a municipality that is located in a county that:(A) is a member of the development authority;(B) is adjacent to a county that is a member of the development authority; or(C) is adjacent to a county containing a member of the development authority.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-3-10 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 3. Development Authority and Board|36-7.7-3-10. Membership Term

Sec. 10. A county or municipality that establishes or joins a development authority under this chapter shall be a member of the development authority for not less than five (5) years or until the expiration of this article.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-4-1 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 4. Compliance and Audit Requirements|36-7.7-4-1. Public Purchasing and Public Works Project Laws Apply; Goals for Participation

Sec. 1. (a) A development authority shall comply with IC 5-22 (public purchasing), IC 36-1-12 (public work projects), and any applicable federal bidding statutes and regulations. An eligible political subdivision that receives a loan, a grant, or other financial assistance from a development authority or enters into a lease with a development authority must comply with applicable federal, state, and local public purchasing and bidding laws and regulations. However, a purchasing agency (as defined in IC 5-22-2-25) of an eligible political subdivision may:(1) assign or sell a lease for property to a development authority; or(2) enter into a lease for property with a development authority;at any price and under any other terms and conditions as may be determined by the eligible political subdivision and the development authority. However, before making an assignment or a sale of a lease or entering into a lease under this section that would otherwise be subject to IC 5-22, the eligible political subdivision or its purchasing agent must obtain or cause to be obtained a purchase price for the property to be subject to the lease from the lowest responsible and responsive bidder in accordance with the requirements for the purchase of supplies under IC 5-22.(b) In addition to the provisions of subsection (a), with respect to projects undertaken by a development authority, the development authority shall set a goal for participation by minority business enterprises and women's business enterprises. The goals must be consistent with:(1) the participation goals established by the counties and municipalities that are members of the development authority; and(2) the goals of delivering the project on time and within the budgeted amount and, insofar as possible, using Indiana businesses for employees, goods, and services.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-4-2 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 4. Compliance and Audit Requirements|36-7.7-4-2. Annual Financial Audit

Sec. 2. (a) The state board of accounts shall, pursuant to IC 5-11-1-7 and IC 5-11-1-24, allow each development authority to contract with a certified public accountant for an annual financial audit of the development authority. The certified public accountant may not have a significant financial interest in a project, facility, or service funded by or leased by or to any development authority. The certified public accountant selected by a development authority must be approved by the state examiner and is subject to the direction of the state examiner while performing an annual financial audit under this article.(b) The certified public accountant shall present an audit report not later than four (4) months after the end of each calendar year and shall make recommendations to improve the efficiency of development authority operations. The certified public accountant shall also perform a study and evaluation of internal accounting controls and shall express an opinion on the controls that were in effect during the audit period.(c) A development authority shall pay the cost of the annual financial audit under subsection (a). In addition, the state board of accounts may at any time conduct an audit of any phase of the operations of a development authority. The development authority shall pay the cost of any audit by the state board of accounts.(d) The state board of accounts may waive the requirement that a certified public accountant perform an annual financial audit of a development authority for a particular year if the development authority certifies to the state board of accounts that the development authority had no financial activity during that year.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-5-1 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 5. Development Authority Powers and Duties|36-7.7-5-1. Duties

Sec. 1. A development authority shall do the following:(1) Assist in the coordination of local efforts concerning projects that are of regional importance.(2) Assist a county, a municipality, a commuter transportation district, an airport authority, and a regional transportation authority in coordinating regional transportation and economic development efforts.(3) Fund projects that are of regional importance, as provided in this article.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-5-3 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 5. Development Authority Powers and Duties|36-7.7-5-3. Agreement With Another Development Authority or Entity

Sec. 3. A development authority may enter into an agreement with another development authority or any other entity to:(1) jointly equip, own, lease, and finance projects and facilities; or(2) otherwise carry out the purposes of the development authority;in any location.As added by P.L.83-2020, SEC.2.
IN Code § 36-7.7-5-4 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.7. Central Indiana Regional Development Authority|Chapter 5. Development Authority Powers and Duties|36-7.7-5-4. Reports

Sec. 4. A development authority shall, before April 1 of each year, issue a report to the legislative council, the budget committee, the Indiana economic development corporation, and the executive, fiscal body, and legislative body of each member of the development authority concerning the operations and activities of the development authority during the preceding calendar year. The report to the legislative council must be in an electronic format under IC 5-14-6.As added by P.L.83-2020, SEC.2.