reglab/housing_qa huggingface dataset:
IN Code § 5-1-17.5-30.5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|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 under this chapter, the commission shall establish a motorsports facility fund for the motorsports investment district.(b) During the term of the written agreement entered into by:(1) the owner or owners of the qualified motorsports facility;(2) the authority; and(3) the commission;the commission shall, in each state fiscal year, deposit in the motorsports facility fund two million dollars ($2,000,000) solely from payments established under section 37(f)(1) of this chapter.(c) Subject to subsection (e), the commission, or the authority for and on behalf of the commission, shall request that the general assembly make an appropriation to the commission in each state fiscal year in which the written agreement described in subsection (b) is in effect. The amount of the requested appropriation must be equal to the amount that the commission is required to deposit into the motorsports facility fund under subsection (b) for that state fiscal year. An appropriation made to the commission under this subsection:(1) must be deposited in the motorsports investment district fund established under section 30 of this chapter; and(2) is in addition to an amount appropriated under section 30 of this chapter.(d) In addition, to the extent the rent due in a state fiscal year under leases of structures or other capital improvements that are within a motorsports investment district, plus the appropriation requested under section 30(e) of this chapter, are anticipated to be insufficient to pay debt service on bonds issued under section 37 of this chapter, when due in that state fiscal year, the authority shall make the request under subsection (c) upon reaching the determination.(e) The commission may not request an appropriation under subsection (c) after the earlier of:(1) the date specified in section 30(c)(1) of this chapter; or(2) the date specified in section 30(c)(2) of this chapter.(f) Money in the motorsports facility fund reverts to the state general fund on June 30 of each year.As added by P.L.190-2014, SEC.8. Amended by P.L.213-2015, SEC.56.
IN Code § 5-1-17.5-31 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-31. Powers of Indiana Finance Authority

Sec. 31. The authority may do any of the following:(1) Finance the improvement, construction, reconstruction, renovation, and acquisition of real and personal property improvements within a qualified motorsports facility.(2) Exercise the authority's powers under IC 5-1.2-4 within a qualified motorsports facility.As added by P.L.233-2013, SEC.5. Amended by P.L.189-2018, SEC.24.
IN Code § 5-1-17.5-33 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-33. Option to Renew Lease

Sec. 33. A lease from the authority to the commission under section 32 of this chapter may provide the commission with an option to renew the lease for the same term or a shorter term, on the conditions provided in the lease.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-34 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-34. Option to Purchase Leased Property; Conveyance of Property; Requirements

Sec. 34. (a) A lease from the authority to the commission under section 32 of this chapter shall give the commission an option to purchase the leased property before the expiration of the term of the lease:(1) on the date or dates in each year that are fixed by the lease; and(2) at a price to be computed by a method set forth in the lease.However, such a lease may not provide, or be construed to provide, that the commission is under an obligation to purchase the leased structures or improvements or is under an obligation respecting any creditors or bondholders of the authority.(b) If the commission does not exercise the option to purchase the property, then upon the expiration of the lease and upon full performance by the commission, the property becomes the absolute property of the commission or the authority's leasehold interest in such property terminates, as applicable. The authority shall take the steps necessary to convey title or such leasehold interest to the commission.(c) If the commission purchases the leased property as provided in subsection (a) or in the event described in subsection (b), the commission may convey, with or without consideration, its ownership or leasehold interest, as applicable, in such property to the owner or owners of the qualified motorsports facility. However, the commission shall not convey its ownership or leasehold interest in any such property to the owner or owners of the qualified motorsports facility until:(1) the date on which the aggregate amount of credits provided to the owner or owners of the qualified motorsports facility under IC 4-10-23 equals or exceeds the aggregate of the amount of money appropriated to the commission and used to pay rent by the commission to the authority under any lease entered into between the authority and the commission under this chapter and any expenses that are incurred by the authority or the commission under this chapter and are not paid out of such rent; and(2) all bonds issued by the authority under section 37 of this chapter are no longer deemed outstanding.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-35 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|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 must be authorized by resolution of the board, which shall be entered in the official records of the commission. Such a lease must be executed on behalf of the commission by the chair or the vice-chair and the secretary-treasurer of the commission, and on behalf of the authority by the chairman or the vice chairman of the authority and the public finance director.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-38 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|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 for the issuance of bonds, the improvement, construction, reconstruction, renovation, purchase, lease, acquisition, and equipping of structures and capital improvements located within a motorsports investment district by the commission and the authority, and the leasing of such structures and capital improvements by the commission or the authority. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the commission, the authority, or any other officer, department, agency, or instrumentality of the state or of any political subdivision is required to issue any bonds under this chapter, to improve, construct, reconstruct, renovate, purchase, lease, acquire, and equip structures and capital improvements located within a motorsports investment district, or to enter into any lease, except as prescribed in this chapter.(b) Bonds issued under this chapter are legal investments for private trust funds and the funds of banks, trust companies, insurance companies, building and loan associations, credit unions, banks of discount and deposit, savings 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.233-2013, SEC.5.
IN Code § 5-1-17.5-39 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|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 this chapter by a trust indenture between the authority and a corporate trustee, which may be any trust company or national or state bank within Indiana that has trust powers.(b) The trust indenture may:(1) pledge or assign money appropriated to the commission and to be paid as rent by the commission to the authority, but may not mortgage land or capital improvements;(2) contain reasonable and proper provisions for protecting and enforcing the rights and remedies of the bondholders, including covenants setting forth the duties of the authority;(3) set forth the rights and remedies of bondholders and the trustee; and(4) restrict the individual right of action of bondholders.(c) Any pledge or assignment made by the authority under this section is valid and binding from the time that the pledge or assignment is made, against all persons whether or not they have notice of the lien. Any trust indenture by which a pledge is created or an assignment made need not be filed or recorded. The lien is perfected against third parties by filing the trust indenture in the records of the authority.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-40 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-40. Action to Contest Validity of Bonds

Sec. 40. Any action to contest the validity of bonds to be issued under this chapter may not be brought after the fifteenth day following:(1) the receipt of bids for the bonds, if the bonds are sold at public sale; or(2) the publication one (1) time in a newspaper of general circulation published in the county of notice of the execution and delivery of the contract for the sale of bonds;whichever occurs first.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-41 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-41. Equal Opportunities in Procurement and Contracting

Sec. 41. Improvements financed under this chapter are subject to the provisions of 25 IAC 5 concerning equal opportunities for minority business enterprises and women's business enterprises to participate in procurement and contracting processes. The goal for participation by minority business enterprises shall be fifteen percent (15%), the goal for participation by women's business enterprises shall be eight percent (8%), and the goal for participation by veteran or disabled business enterprises shall be three percent (3%), consistent with 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. In fulfilling the goals, historical precedents in the same market shall be taken into account.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-42 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-42. Income Tax Withholding; Department of State Revenue Guidelines

Sec. 42. The department shall develop guidelines and instructions concerning the appropriate amount of adjusted gross income tax to be withheld from purse money and prizes won for racing in the motorsports investment district.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-43 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-43. Office of Management and Budget Review

Sec. 43. The office of management and budget shall in 2023 do the following:(1) Conduct a review of:(A) the structures and improvement that have been financed and constructed under this chapter;(B) the amount of:(i) the gross retail incremental amounts and income tax incremental amounts remitted for purposes of IC 4-10-23; and(ii) the motorsports admissions fees that have been remitted under IC 6-8-14;(C) the amount and terms of outstanding debt issued by the authority under this chapter; and(D) the status, economic impact, and viability of the qualified motorsports facility.(2) Before November 1, 2023, submit a copy of the review conducted under subdivision (1) to the budget committee and to the legislative council in an electronic format under IC 5-14-6.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-18-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions|5-1-18-1. "Bonds"

Sec. 1. As used in this chapter,"bonds" means any bonds, notes, or other evidences of indebtedness, including guaranteed energy savings contracts and advances from the common school fund, whether payable from property taxes, other taxes, revenues, or any other source. However, the term does not include notes, warrants, or other evidences of indebtedness made in anticipation of and to be paid from current revenues of a political subdivision actually levied and in the course of collection for the fiscal year in which the notes, warrants, or other evidences of indebtedness are issued.As added by P.L.199-2005, SEC.2.
IN Code § 5-1-18-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions|5-1-18-2. "Department"

Sec. 2. As used in this chapter, "department" refers to the department of local government finance.As added by P.L.199-2005, SEC.2.
IN Code § 5-1-18-3 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions|5-1-18-3. "Lease"

Sec. 3. As used in this chapter, "lease" means a lease of real property that is entered into by a political subdivision for a term of at least twelve (12) months, whether payable from property taxes, other taxes, revenues, or any other source.As added by P.L.199-2005, SEC.2.
IN Code § 5-1-18-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions|5-1-18-4. "Lease Rentals"

Sec. 4. As used in this chapter, "lease rentals" means the payments required under a lease.As added by P.L.199-2005, SEC.2.
IN Code § 5-1-18-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions|5-1-18-5. "Political Subdivision"

Sec. 5. As used in this chapter, "political subdivision" has the meaning set forth in IC 36-1-2-13.As added by P.L.199-2005, SEC.2.
IN Code § 5-1-18-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions|5-1-18-6. Information Report for Bonds and Leases

Sec. 6. A political subdivision that issues bonds or enters into a lease after December 31, 2005, shall supply the department with a debt issuance report not later than:(1) one (1) month after the date on which the bonds are issued or the lease is executed, if the bonds are issued or the lease is executed before October 1; or(2) five (5) business days after the date on which the bonds are issued or the lease is executed, if the bonds are issued or the lease is executed after September 30.As added by P.L.199-2005, SEC.2. Amended by P.L.219-2007, SEC.8; P.L.137-2012, SEC.4; P.L.159-2020, SEC.1.
IN Code § 5-1-18-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions|5-1-18-7. Bond Report Requirements; Uniformity; Electronic Submission

Sec. 7. (a) Except as provided by subsection (b), the debt issuance report required by section 6 of this chapter must be submitted on a form prescribed by the department and must include the following information concerning bonds:(1) The par value of the bond issue.(2) A schedule of maturities and interest rates.(3) The purposes of the bond issue.(4) The itemized costs of issuance information, including fees for bond counsel, other legal counsel, underwriters, and financial advisors.(5) The type of bonds that are issued.(6) Other information as required by the department.A copy of the official statement and bond covenants, if any, must be supplied with this information.(b) A political subdivision or a person acting on behalf of a political subdivision shall submit the debt issuance report information described in subsection (a) to the department electronically, in the manner prescribed by the department.(c) For taxes due and payable for an assessment date after January 15, 2012, the department may not approve an appropriation or a property tax levy that is associated with a debt unless the debt issuance report for the debt has been submitted to the department, unless the department has granted a waiver under subsection (d).(d) The department may for good cause grant a waiver to the requirement under subsection (c) and approve an appropriation or a property tax levy, notwithstanding a political subdivision's failure to submit a required debt issuance report.As added by P.L.199-2005, SEC.2. Amended by P.L.137-2012, SEC.5.
IN Code § 5-1-18-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions|5-1-18-8. Lease Report Requirements; Uniformity; Electronic Submission

Sec. 8. (a) Except as provided by subsection (b), the lease information required by section 6 of this chapter must be submitted on a form prescribed by the department and must include the following information concerning leases:(1) The term of the lease.(2) The annual and total amount of lease rental payments due under the lease.(3) The purposes of the lease.(4) The itemized costs incurred by the political subdivision with respect to the preparation and execution of the lease, including fees for legal counsel and other professional advisors.(5) If all or part of the lease rental payments are used by the lessor as debt service payments for bonds issued for the acquisition, construction, renovation, improvement, expansion, or use of a building, structure, or other public improvement for the political subdivision:(A) the name of the lessor;(B) the par value of the bond issue; and(C) the purposes of the bond issue.(6) Other information as required by the department.(b) A political subdivision or a person acting on behalf of a political subdivision shall submit the debt issuance report information described in subsection (a) to the department electronically, in the manner prescribed by the department.(c) For taxes due and payable for an assessment date after January 15, 2012, the department may not approve an appropriation or a property tax levy that is associated with a debt unless the debt issuance report for the debt has been submitted to the department, unless the department has granted a waiver under subsection (d).(d) The department may for good cause grant a waiver to the requirement under subsection (c) and approve an appropriation or a property tax levy, notwithstanding a political subdivision's failure to submit a required debt issuance report.As added by P.L.199-2005, SEC.2. Amended by P.L.137-2012, SEC.6.
IN Code § 5-1-18-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions|5-1-18-9. Bonds or Leases Outstanding; Annual Summary; Annual Verification

Sec. 9. (a) This subsection applies to reporting that occurs before January 1, 2013. Each political subdivision that has any outstanding bonds or leases shall submit a report to the department before March 1 of 2006 and each year thereafter that includes a summary of all the outstanding bonds of the political subdivision as of January 1 of that year. The report must:(1) distinguish the outstanding bond issues and leases on the basis of the type of bond or lease, as determined by the department;(2) include a comparison of the political subdivision's outstanding indebtedness compared to any applicable statutory or constitutional limitations on indebtedness;(3) include other information as required by the department; and(4) be submitted on a form prescribed by the department or through the Internet or other electronic means, as determined by the department.(b) This subsection applies to reporting that occurs after December 31, 2012. The department may annually require each political subdivision to verify to the department that the list of indebtedness and related details in the department's database are current and accurate.As added by P.L.199-2005, SEC.2. Amended by P.L.137-2012, SEC.7.
IN Code § 5-1-18-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions|5-1-18-10. Compiled Reports; Electronic Data Base; Internet Publication

Sec. 10. The department shall:(1) compile an electronic data base that includes the information submitted under this chapter; and(2) after December 31, 2006, post the information submitted under this chapter on the Internet at least annually.As added by P.L.199-2005, SEC.2.
IN Code § 5-1-18-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions|5-1-18-11. Information Submitted; Public Record

Sec. 11. Information submitted to the department under this chapter is a public record that may be inspected and copied under IC 5-14-3.As added by P.L.199-2005, SEC.2.
IN Code § 5-1-18-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 18. Reports Concerning Bonds and Leases of Political Subdivisions|5-1-18-12. Rulemaking Power

Sec. 12. The department may adopt rules under IC 4-22-2 to carry out the purposes of this chapter.As added by P.L.199-2005, SEC.2.