reglab/housing_qa huggingface dataset:
IN Code § 36-7.5-4.5-8 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-8. "Gross Retail Tax Increment Revenue"

Sec. 8. As used in this chapter, "gross retail tax increment revenue" means the remainder of:(1) the aggregate amount of state gross retail taxes that are remitted under IC 6-2.5 by retail merchants during a calendar year with respect to the retail merchants' operations in the district; minus(2) the gross retail tax base period amount.As added by P.L.248-2017, SEC.10.
IN Code § 36-7.5-4.5-9 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-9. "Local Income Tax Base Period Amount"

Sec. 9. As used in this chapter, "local income tax base period amount" means the total amount of local income tax (IC 6-3.6) paid by employees employed within a district with respect to wages and salary earned for work in the district for the calendar year that precedes the date on which the district was established under this chapter as determined by the department.As added by P.L.248-2017, SEC.10.
IN Code § 36-7.5-4.5-10 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-10. "Local Income Tax Increment Revenue"

Sec. 10. As used in this chapter, "local income tax increment revenue" means the remainder of:(1) the total amount of local income tax (IC 6-3.6) paid by employees employed in the district with respect to wages and salary earned for work in the territory comprising the district for a particular calendar year; minus(2) the local income tax base period amount;as determined by the department.As added by P.L.248-2017, SEC.10.
IN Code § 36-7.5-4.5-11 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-11. "Property Tax Increment Revenue"

Sec. 11. As used in this chapter, "property tax increment revenue" means the property taxes attributable to the assessed value of property located in a district in excess of the base assessed value.As added by P.L.248-2017, SEC.10.
IN Code § 36-7.5-4.5-12 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-12. "Rail Project"

Sec. 12. As used in this chapter, "rail project" refers to the following:(1) The mainline double tracking project.(2) The West Lake corridor project.As added by P.L.248-2017, SEC.10.
IN Code § 36-7.5-4.5-13 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-13. "State Income Tax Base Period Amount"

Sec. 13. As used in this chapter, "state income tax base period amount" means the aggregate amount of state adjusted gross income taxes paid or remitted by or on behalf of employees employed within a district during the calendar year that precedes the date on which the district was established under this chapter with respect to wages and salary earned for work in the territory comprising the district, as determined by the department.As added by P.L.248-2017, SEC.10.
IN Code § 36-7.5-4.5-14 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-14. "State Income Tax Increment Revenue"

Sec. 14. As used in this chapter, "state income tax increment revenue" means the remainder of:(1) the aggregate amount of state adjusted gross income taxes paid or remitted during a calendar year with respect to wages and salary earned for work in the territory comprising a district; minus(2) the state income tax base period amount.As added by P.L.248-2017, SEC.10.
IN Code § 36-7.5-4.5-15 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-15. "Rail Transit Development Corridor"; Establishment; Geographic Area

Sec. 15. There is created a rail transit development corridor that consists of the geographic area that is within five-tenths (0.5) of a mile of the following rail lines that are a part of the Northern Indiana Commuter or South Bend Railway:(1) The Chicago to South Bend line.(2) The Hammond to Dyer line, which includes the West Lake corridor project once the preferred alignment has been determined.The development authority shall transmit to the department a map of the corridor.As added by P.L.248-2017, SEC.10.
IN Code § 36-7.5-4.5-16.5 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-16.5. Transfer of Funds by a Cash Participant or Associate Member; Double Tracking Project; Pledge

Sec. 16.5. (a) This section applies to an associate member or cash participant that has committed to:(1) make a cash payment to the development authority; or(2) provide revenues to the development authority annually to make debt service payments annually for the life of any:(A) bonds or obligations issued; or(B) leases entered into;by the development authority;to finance the mainline double tracking project.(b) A transfer of funds made by a cash participant or an associate member under this section after December 31, 2018, is considered to be a payment for services provided to residents by the mainline double tracking project (as described in section 12 of this chapter) as those services are rendered.(c) A transfer of funds under this section does not constitute an indebtedness of:(1) an associate member;(2) a cash participant; or(3) the state;within the meaning or application of any constitutional or statutory provision or limitation.(d) A pledge by the development authority of transferred revenue under this section to the payment of bonds, leases, or obligations under this article or IC 5-1.3:(1) constitutes the obligations of the development authority; and(2) does not constitute an indebtedness of:(A) an associate member;(B) a cash participant; or(C) the state;within the meaning or application of any constitutional or statutory provision or limitation.(e) Neither the transfer of revenue nor the pledge of revenue transferred under this section is an impairment of contract within the meaning or application of any constitutional provision or limitation because of the following:(1) The statutes governing local government revenues, including the transferred revenue, have been the subject of legislation annually since 1973, and during that time the statutes have been revised, amended, expanded, limited, and recodified dozens of times.(2) Owners of bonds, leases, or other obligations to which local government revenues have been pledged recognize that the regulation of government revenues has been extensive and consistent.(3) All bonds, leases, or other obligations, due to their essential contractual nature, are subject to relevant state and federal law that is enacted after the date of a contract.(4) The state of Indiana has a legitimate interest in assisting the northwest Indiana regional development authority in financing rail projects, including the mainline double tracking project.As added by P.L.189-2018, SEC.180. Amended by P.L.10-2019, SEC.138.
IN Code § 36-7.5-4.5-17 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-17. Transit Development District; Establishment; Conditions; Geographic Area

Sec. 17. (a) The development authority may establish a transit development district and may expand a district. Before establishing a transit development district, the development authority shall consult with the municipality in which the district will be located. To establish or expand a district the development authority must hold at least two (2) public hearings before establishing or expanding the district.(b) A district must satisfy the following conditions:(1) Only one (1) district may be established with regard to each train station or regular train stop.(2) The district must be within a county that is a member or associate member of the development authority or a financially participating county under this chapter.(3) The initial area of the district must not be more than five-tenths (0.5) of a square mile but the area may be expanded under subsection (c).(4) The train station or regular train stop, including accompanying parking lots (if applicable), must be located within the area of the district.(5) All parcels within the district must be contiguous.The area of a district may include a tax area established under IC 36-7-14 before January 1, 2017.(c) The development authority shall adopt a resolution to establish a district. The resolution must include:(1) the termination date of the district in accordance with subsection (e); and(2) findings by the development authority specifying that the conditions set forth in subsection (b) are satisfied.A district may not be reduced in territory once established or expanded to be more than one (1) square mile. A district's territory may be expanded subject to the other conditions set forth in subsection (b). A district may be expanded only one (1) time under this chapter. The development authority shall transmit a copy of any resolution establishing or expanding a district to the budget director, who shall distribute it to the members of the budget committee.(d) The date a district becomes established or an expansion of a district becomes effective may not be earlier than the date the budget committee reviews the establishment or expansion of the district.(e) The establishment of a district does not provide the development authority with any powers or preempt any authority of a political subdivision having jurisdiction in the district concerning the regulation of property or its uses, including planning and zoning provisions of the political subdivision.(f) A district terminates at the earlier of:(1) the end of the year in which all financing obligations entered into under this chapter for a project within the district are satisfied; or(2) June 30, 2047.As added by P.L.248-2017, SEC.10.
IN Code § 36-7.5-4.5-18 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-18. Transit Development District Located in Cash Participant County; Administration and Use of Incremental Property Tax Revenue

Sec. 18. If a district is established, the following apply to the administration and use of incremental property tax revenue by the development authority, or a redevelopment commission in the case of a district located in a cash participant county, in the district:(1) The department of local government finance shall adjust the base assessed value to neutralize any effect of a reassessment and the annual adjustment of the real property in the district in the same manner as provided in IC 36-7-14-39(h).(2) Proceeds of the property taxes approved by the voters in a referendum or local public question shall be allocated to and, when collected, paid into the funds of the taxing unit for which the referendum or local public question was conducted in the same manner as provided in IC 36-7-14-39(b)(2).(3) Incremental property tax revenue may be used only for one (1) or more of the following purposes for a district:(A) To finance the improvement, construction, reconstruction, renovation, and acquisition of real and personal property improvements within a district.(B) To pay the principal of and interest on any obligations that are incurred for the purpose of financing or refinancing development in the district, including local public improvements that are physically located in or physically connected to the district.(C) To establish, augment, or restore the debt service reserve for bonds payable solely or in part from incremental property tax revenue from the district.(D) To pay premiums on the redemption before maturity of bonds payable solely or in part from incremental property tax revenue from the district.(E) To make payments on leases payable from incremental property tax revenue from the district.(F) To reimburse a municipality in which a district is located for expenditures made by the municipality for local public improvements that are physically located in or physically connected to the district.(G) To reimburse a municipality for rentals paid by the municipality for a building or parking facility that is physically located in or physically connected to the district under any lease entered into under IC 36-1-10.(H) To pay expenses incurred by the development authority for local public improvements that are in the district or serving the district.As added by P.L.248-2017, SEC.10.
IN Code § 36-7.5-4.5-19 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-19. Steering Committee; Establishment; Members; Meetings; Duties

Sec. 19. (a) There is established a steering committee to provide information and guidance to the development authority on development within the districts located in a member county.(b) The steering committee is comprised of one (1) individual appointed by the executive of each municipality located in a member county in which a district could be established. A member of the steering committee serves a one (1) year term that ends December 31 each year. Initial terms end December 31 of the first year of the member's appointment even though the term may be less than one (1) year. A member may serve additional terms. The appointing executive may replace a member at the executive's discretion. A member of the steering committee is a public servant subject to IC 35-44.1-1-4 concerning conflict of interest.(c) A chairperson of the steering committee shall be selected annually by the members. However, the chairperson may not be a resident of a municipality that has direct appointment to the development authority board.(d) The steering committee shall meet at least quarterly. The steering committee shall also meet upon the call of the chairperson. At each quarterly meeting:(1) the development authority shall present a progress report on development within each district to the steering committee; and(2) the steering committee shall provide the development authority with information and guidance on development within each district.IC 5-14-1.5 (the open door law) applies to meetings of the steering committee. The steering committee shall publish a notice of its meeting in accordance with IC 5-3-1-2(b). All records of the steering committee are public records subject to public inspection under IC 5-14-3.As added by P.L.248-2017, SEC.10.
IN Code § 36-7.5-4.5-20 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-20. South Shore Improvement and Development Fund; Administration; Account for Each Transit Development District; Distributions to the Fund; Uses

Sec. 20. (a) If a district is established in a member county, the development authority shall create a south shore improvement and development fund. The development authority shall establish a separate account in the fund for each district. If more than one (1) municipality has territory within the district, a subaccount shall be established for each municipality. The fund shall be administered by the development authority. The development authority shall deposit in the appropriate district account in the fund all amounts received under this chapter from the following:(1) Distributions of local income tax increment revenue from the state.(2) Distributions of property tax increment revenue from counties.(b) If a district is established in a cash participant county, the redevelopment commission having territory in the district shall create a south shore improvement and development fund. The fund shall be administered by the redevelopment commission. The redevelopment commission shall deposit in the fund all amounts received under this chapter from the following:(1) Distributions of district local income tax increment revenue from the state.(2) Distributions of district property tax increment revenue from the county auditor.(c) The local income tax increment revenue and the local property tax increment revenue received by the development authority or redevelopment commission from each district shall be spent by the development authority or redevelopment commission on projects within the district from which the revenue was collected.As added by P.L.248-2017, SEC.10.
IN Code § 36-7.5-4.5-21 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-21. Allocation and Distribution of Incremental Property Tax Revenue in Transit Development District

Sec. 21. (a) If a district is established, the county auditor in each county in which the district is located shall distribute to the development authority, or the redevelopment commission that would otherwise receive the incremental property tax revenues under IC 36-7-14 in the case of a cash participant county, the lesser of:(1) the property tax increment revenue collected in the district in the amount specified by the development authority or redevelopment commission; or(2) all the property tax increment revenue collected in the district.In the case of a district that is established in a cash participant county, the county auditor shall distribute any excess district property tax revenue increment to the political subdivisions that would otherwise receive the revenue under IC 36-7-14 as if the increment were attributable to the base assessed value of the allocation area within the district.(b) If a district established in a member county includes a tax area established under IC 36-7-14 before January 1, 2017, the development authority and the redevelopment commission receiving property tax revenues under IC 36-7-14 shall use their best efforts to come to an agreement on how much property tax increment revenue will be allocated between the development authority and the redevelopment commission, recognizing that any existing obligations of the redevelopment commission would have priority over any later obligations of the development authority. The county auditor shall distribute to the development authority the amount of property tax increment revenue that is allocated to the development authority.(c) The development authority shall deposit all property tax increment revenue received in the appropriate district account in the south shore improvement and development fund.As added by P.L.248-2017, SEC.10.
IN Code § 36-7.5-4.5-22 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-22. Duty to Maximize Amounts Distributed to Political Subdivisions That Would Otherwise Receive the Revenue; Public Meeting

Sec. 22. The development authority or redevelopment commission, in the case of a district located in a cash participant county, shall use its best efforts to maximize the amount of local income tax increment revenue and property tax increment revenue that will be distributed to the political subdivisions that would otherwise receive the revenue, taking into consideration the revenue needed by the development authority or the redevelopment commission for debt service, debt service coverage ratio requirements, excess reserve requirements, and anticipated cash needs for the near term. If a district is established in a member county, the development authority or redevelopment commission shall hold a public hearing once every three (3) years during the existence of a district to determine whether the amount of the local income tax increment revenue and property tax increment revenue to be distributed to the development authority or redevelopment commission in subsequent years with respect to the district should be:(1) all the local income tax increment revenue or a percentage of the increment revenue; or(2) all the property tax increment revenue or a percentage of the increment revenue.The development authority or redevelopment commission shall adopt a resolution setting forth its determination. The resolution shall be transmitted to the budget director, the department, and each affected county auditor.As added by P.L.248-2017, SEC.10.
IN Code § 36-7.5-4.5-23 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4.5. Rail Transit Development Districts|36-7.5-4.5-23. Funding of Development Projects Within a Transit Development District; Uses

Sec. 23. (a) The development authority or redevelopment commission may undertake or provide funding for a development project that will be located within a district.(b) The development authority or redevelopment commission may use money in its south shore improvement and development fund to provide funding and pay costs for a development project, including in the form of financing for a development project. If financing is used for a development project the obligation must be satisfied before the expiration of this chapter. Costs may be incurred for one (1) or more of the following:(1) Planning and development of the improvement and all buildings, facilities, structures, and improvements related to the improvement.(2) Acquisition of a site and clearing and preparing the site for construction.(3) Equipment, facilities, structures, and improvements that are necessary or desirable to make the capital improvement suitable for use and operations.(4) Architectural, engineering, consultant, and attorney's fees.(5) Incidental expenses in connection with the issuance and sale of bonds.(6) Reserves for principal and interest.(7) Interest during construction.(8) Financial advisory fees.(9) Insurance during construction.(10) Bond insurance, debt service reserve insurance, letters of credit, or other credit enhancement.(11) In the case of refunding or refinancing, payment of the principal of, redemption premiums (if any) for, and interest on the bonds being refunded or refinanced.(c) To use money in its south shore improvement and development fund for a development project, the development authority or redevelopment commission must adopt a resolution under IC 36-7.5-3 setting forth the development authority's or redevelopment commission's approval of the development project.As added by P.L.248-2017, SEC.10.