reglab/housing_qa huggingface dataset:
IN Code § 36-7-14.5-9 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-9. Annual Meeting; Election of Officers; Special Meetings; Quorum; Reports

Sec. 9. (a) Each year, the board shall hold an organizational meeting on a day that is not a Saturday, a Sunday, or a legal holiday and that is their first meeting day of the year. It shall elect one (1) of the members president, another vice president, and another secretary-treasurer to perform the duties of those offices. These officers serve from the date of their election and until their successors are elected and qualified. The board may elect an assistant secretary-treasurer. Before April 1, the secretary-treasurer shall report annually to the board.(b) Not later than April 15 of each year, the board shall submit a report setting out its activities during the preceding calendar year to:(1) the executive and the fiscal body of the unit that established the redevelopment authority; and(2) the department of local government finance in an electronic format.(c) The report required under subsection (b) must also include the following information set forth for each tax increment financing district regarding the previous year:(1) Revenues received.(2) Expenses paid.(3) Fund balances.(4) The amount and maturity date for all outstanding obligations.(5) The amount paid on outstanding obligations.(6) A list of all the parcels included in each tax increment financing district allocation area and the base assessed value and incremental assessed value for each parcel in the list.(d) Special meetings may be called by the president of the board or any two (2) members of the board.(e) A majority of the members constitutes a quorum, and the concurrence of a majority of the members is necessary to authorize any action.As added by P.L.380-1987(ss), SEC.18. Amended by P.L.149-2014, SEC.23; P.L.87-2015, SEC.6.
IN Code § 36-7-14.5-10 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-10. Bylaws; Rules

Sec. 10. The board may adopt such bylaws and rules as it considers necessary for the proper conduct of its duties and the safeguarding of the funds and property entrusted to its care.As added by P.L.380-1987(ss), SEC.18.
IN Code § 36-7-14.5-11 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-11. Purposes of Authority; Prohibitions

Sec. 11. (a) The authority is organized for the following purposes:(1) Financing, constructing, and leasing local public improvements to the commission.(2) Financing and constructing additional improvements to local public improvements owned by the authority and leasing them to the commission.(3) Acquiring all or a portion of one (1) or more local public improvements from the commission by purchase or lease and leasing these local public improvements back to the commission, with any additional improvements that may be made to them.(4) Acquiring all or a portion of one (1) or more local public improvements from the commission by purchase or lease to fund or refund indebtedness incurred on account of those local public improvements to enable the commission to make a savings in debt services obligations or lease rental obligations or to obtain relief from covenants that the commission considers to be unduly burdensome.(5) In a county having a United States government military base that is scheduled for closing or is completely or partially inactive or closed and if specified in the ordinance creating the authority or in another ordinance adopted by the executive body of the unit, an authority may exercise any of the powers of a redevelopment commission established under IC 36-7-14, including the establishment, in accordance with IC 36-7-14, of one (1) or more economic development areas in the county in addition to an economic development area established under section 12.5 of this chapter. However, an economic development area that includes any part of a military base described in section 12.5(a) of this chapter is subject to the requirements of section 12.5 of this chapter. An action taken by an authority under this subdivision shall be treated as if the action were taken under the law granting the power to the redevelopment commission.(b) Notwithstanding any other provision of this chapter, after June 30, 2014:(1) an authority; or(2) any other entity:(A) established by the authority; or(B) controlled by the authority;may not own, lease, or otherwise hold a single family dwelling or condominium unit for purposes of leasing for the use by individuals as a dwelling. In addition, an arrangement or agreement that is contrary to this section may not be extended beyond the term of the arrangement or agreement as in effect on June 30, 2014. However, an authority or entity covered by this section may own property in the capacity of a land bank for a unit.As added by P.L.380-1987(ss), SEC.18. Amended by P.L.26-1993, SEC.4; P.L.190-2005, SEC.10; P.L.1-2006, SEC.566; P.L.149-2014, SEC.24.
IN Code § 36-7-14.5-12 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-12. Powers and Duties of Authority; Dissolution of Authority

Sec. 12. (a) In order to accomplish the purposes set forth in section 11(a) of this chapter, the authority may do the following:(1) Finance, improve, construct, reconstruct, renovate, purchase, lease, acquire, or equip local public improvements.(2) Lease those local public improvements to the commission.(3) Sue, be sued, plead, or be impleaded, but all actions against the authority must be brought in the circuit or superior court of the county in which the authority is located.(4) Condemn, appropriate, lease, rent, purchase, or hold any real or personal property needed or considered useful in connection with local public improvements.(5) Acquire real or personal property by gift, devise, or bequest and hold, use, or dispose of that property for the purposes authorized by this chapter.(6) Enter upon any lots or lands for the purpose of surveying or examining them to determine the location of a local public improvement.(7) Design, order, contract for, or construct, reconstruct, or renovate any local public improvements or improvements thereto.(8) Employ managers, superintendents, architects, engineers, attorneys, auditors, clerks, construction managers, or other employees necessary for construction of local public improvements or improvements to them.(9) Make and enter into all contracts or agreements necessary or incidental to the performance of its duties or the execution of its powers under this chapter.(10) Take any other action necessary to implement the authority's purposes as set forth in section 11(a) of this chapter.(b) Whenever the board determines that:(1) the purposes for which the authority was formed have been substantially fulfilled; and(2) all bonds issued and all other obligations incurred by the authority have been fully paid or satisfied or provision for the payment of the bonds and obligations has been made in accordance with the terms of the resolution or trust indenture securing them;the board may declare the authority dissolved. On the effective date of the resolution of dissolution, the title to all funds and other property owned by the authority at the time of the dissolution vests in the commission on behalf of the unit creating the commission. However, if the commission is not in existence, the title vests in the unit.As added by P.L.380-1987(ss), SEC.18. Amended by P.L.26-1993, SEC.5.
IN Code § 36-7-14.5-12.3 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-12.3. Powers That May Be Exercised by County Executive

Sec. 12.3. (a) This section applies to a redevelopment commission in a county having a United States government military base that is scheduled for closing or is completely or partially inactive or closed.(b) The county executive body may adopt an ordinance to elect to allow the authority for the county to exercise the powers described in section 11(a)(5) of this chapter. An ordinance adopted under this section may also do any of the following:(1) Establish or change the:(A) number of members on the board of the authority; or(B) name of the authority;that would otherwise apply under this chapter.(2) Provide for any other matter that is necessary or appropriate to carry out the powers described in section 11(a)(5) or 12.5 of this chapter.The county executive may amend or rescind an ordinance adopted under this section if the rights of holders of bonded indebtedness, leases, or other obligations (as defined under IC 5-1-3-1) of the authority are not adversely affected.As added by P.L.190-2005, SEC.11. Amended by P.L.32-2021, SEC.100.
IN Code § 36-7-14.5-12.6 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-12.6. Authorization to Enter Into an Agreement With a Taxpayer for Waiver of Review of an Assessment of Property Taxes in an Allocation Area During the Term of Bonds or Lease Obligations Payable From Allocated Property Taxes

Sec. 12.6. An authority may enter into a written agreement with a taxpayer who owns, or is otherwise obligated to pay property taxes on, tangible property that is or will be located in an allocation area established under this chapter in which the taxpayer waives review of any assessment of the taxpayer's tangible property that is located in the allocation area for an assessment date that occurs during the term of any specified bond or lease obligations that are payable from property taxes in accordance with an allocation provision for the allocation area and any applicable statute, ordinance, or resolution. An agreement described in this section may precede the establishment of the allocation area or the determination to issue bonds or enter into leases payable from the allocated property taxes.As added by P.L.249-2015, SEC.27.
IN Code § 36-7-14.5-13 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-13. Refunding Bonds; Fiscal Body Approval

Sec. 13. (a) Bonds issued under IC 36-7-14 may be refunded as provided in this section.(b) Subject to the prior approval of the fiscal body of the unit under IC 36-7-14-25.2, the commission may:(1) lease all or a portion of a local public improvement or improvements to the authority, which may be at a nominal lease rental with a lease back to the commission, conditioned upon the authority assuming bonds issued under IC 36-7-14 and issuing its bonds to refund those bonds; and(2) sell all or a portion of a local public improvement or improvements to the authority for a price sufficient to provide for the refunding of those bonds and lease back the local public improvement or improvements from the authority.As added by P.L.380-1987(ss), SEC.18. Amended by P.L.149-2014, SEC.25.
IN Code § 36-7-14.5-14 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-14. Lease of Local Public Improvements to Commission; Lease Provisions; Fiscal Body Approval

Sec. 14. (a) Before a lease may be entered into, the commission must:(1) find that the lease rental provided for is fair and reasonable; and(2) obtain the prior approval of the fiscal body of the unit under IC 36-7-14-25.2.(b) A lease of local public improvements from the authority to the commission:(1) must comply with IC 36-7-14-25.2 or IC 36-7-30-20;(2) may not require payment of lease rental for a newly constructed local public improvement or for improvements to an existing local public improvement except to the extent that the local public improvement or improvements thereto have been completed and are ready for occupancy or use;(3) may contain provisions:(A) allowing the commission to continue to operate an existing local public improvement until completion of the improvements, reconstruction, or renovation; and(B) requiring payment of lease rentals for an existing local public improvement being used, reconstructed, or renovated;(4) may contain an option to renew the lease for the same or shorter term on the conditions provided in the lease;(5) must contain an option for the commission to purchase the local public improvement upon the terms stated in the lease during the term of the lease for a price equal to the amount required to pay all indebtedness incurred on account of the local public improvement, including indebtedness incurred for the refunding of that indebtedness;(6) may be entered into before acquisition or construction of a local public improvement;(7) may provide that the commission shall agree to:(A) pay all taxes and assessments thereon;(B) maintain insurance thereon for the benefit of the authority; and(C) assume responsibility for utilities, repairs, alterations, and any costs of operation; and(8) may provide that the lease rental payments by the commission shall be made from any one (1) or more of the sources set forth in IC 36-7-14-25.2 or IC 36-7-30-20.As added by P.L.380-1987(ss), SEC.18. Amended by P.L.35-1990, SEC.60; P.L.26-1995, SEC.6; P.L.149-2014, SEC.26.
IN Code § 36-7-14.5-15 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-15. Legal Authority for Lease Agreements

Sec. 15. This chapter and IC 36-7-14-25.2 or IC 36-7-30-20, contain full and complete authority for leases between the authority and the commission. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the board or the commission or any other officer, department, agency, or instrumentality of the state or any political subdivision is required to enter into any lease, except as prescribed in this chapter and IC 36-7-14-25.2 or IC 36-7-30-20.As added by P.L.380-1987(ss), SEC.18. Amended by P.L.26-1995, SEC.7.
IN Code § 36-7-14.5-16 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-16. Plans and Specifications for Local Public Improvements to Be Constructed; Approval by Commission

Sec. 16. If the lease provides for a local public improvement or improvements thereto to be constructed by the authority, the plans and specifications shall be submitted to and approved by the commission.As added by P.L.380-1987(ss), SEC.18.
IN Code § 36-7-14.5-17 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-17. Easement or License Agreements Between Authority and Commission; Recordation

Sec. 17. The authority and the commission may enter into common wall (party wall) agreements or other agreements concerning easements or licenses. These agreements shall be recorded with the recorder of the county.As added by P.L.380-1987(ss), SEC.18.
IN Code § 36-7-14.5-18 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-18. Lease or Sale of Property From Commission to Authority; Fiscal Body Approval

Sec. 18. (a) The commission may lease for a nominal lease rental, or sell to the authority, one (1) or more local public improvements or portions thereof or land upon which a local public improvement is located or is to be constructed.(b) Any lease of all or a portion of a local public improvement by the commission to the authority must be for a term equal to the term of the lease of that local public improvement back to the redevelopment commission.(c) Subject to the prior approval of the fiscal body of the unit under IC 36-7-14-25.2, the commission may sell property to the authority for such amount as the commission determines to be in the best interest of the commission, which amount may be paid from the proceeds of bonds of the authority.As added by P.L.380-1987(ss), SEC.18. Amended by P.L.149-2014, SEC.27.
IN Code § 36-7-14.5-19 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-19. Bonds; Procedures; Legislative Body Approval; Use of Revenue

Sec. 19. (a) Subject to the prior approval of the legislative body of the unit under IC 36-7-14-25.1, the authority may issue bonds for the purpose of obtaining money to pay the cost of:(1) acquiring property;(2) constructing, improving, reconstructing, or renovating one (1) or more local public improvements; or(3) funding or refunding bonds issued under this chapter or IC 36-7-14.(b) The bonds are payable solely from the lease rentals from the lease of the local public improvement for which the bonds were issued, insurance proceeds, and any other funds pledged or available.(c) The bonds shall be authorized by a resolution of the board.(d) The terms and form of the bonds shall either be set out in the resolution or in a form of trust indenture approved by the resolution.(e) The bonds shall mature within fifty (50) years.(f) The board shall sell the bonds at public or private sale upon such terms as determined by the board.(g) All money received from any bonds issued under this chapter shall be applied solely to the payment of the cost of the acquisition or construction, or both, of local public improvements, or the cost of refunding or refinancing outstanding bonds, for which the bonds are issued. The cost may include:(1) planning and development of the local public improvements and all related buildings, facilities, structures, and improvements;(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 local public improvements that are necessary or desirable to make the local public improvements suitable for use and operations;(4) architectural, engineering, consultant, and attorney fees;(5) incidental expenses in connection with the issuance and sale of bonds;(6) reserves for principal and interest;(7) interest during construction and for a period thereafter determined by the board, but in no event to exceed five (5) years;(8) financial advisory fees;(9) insurance during construction;(10) municipal bond insurance, debt service reserve insurance, letters of credit, or other credit enhancement; and(11) in the case of refunding or refinancing, payment of the principal of, redemption premiums, if any, and interest on, the bonds being refunded or refinanced.As added by P.L.380-1987(ss), SEC.18. Amended by P.L.35-1990, SEC.61; P.L.149-2014, SEC.28.
IN Code § 36-7-14.5-20 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-20. Authority for Issuance of Bonds; Legal Investment Status of Bonds

Sec. 20. (a) This chapter contains full and complete authority for the issuance of bonds. No law, procedure, proceedings, publications, notices, consents, approvals, orders, or acts by the board of any other officer, department, agency, or instrumentality of the state or of any political subdivision is required to issue any bonds, 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.380-1987(ss), SEC.18. Amended by P.L.42-1993, SEC.97.
IN Code § 36-7-14.5-21 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-21. Trust Indenture Securing Bonds; Fiscal Body Approval

Sec. 21. (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) Before a trust indenture may be entered into, the authority must obtain the prior approval of the fiscal body of the unit under IC 36-7-14-25.2. The trust indenture may:(1) pledge or assign lease rentals, receipts, and income from leased local public improvements, but may not mortgage land or local public 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 and board;(3) set forth the rights and remedies of bondholders and trustee; and(4) restrict the individual right of action of bondholders.(c) Any pledge or assignment made by the authority under this section and approved by the fiscal body of the unit is valid and binding in accordance with IC 5-1-14-4 from the time that the pledge or assignment is made, against all persons whether they have notice of the lien or not. Any trust indenture by which a pledge is created or an assignment need not be filed or recorded. The lien is perfected against third parties in accordance with IC 5-1-14-4.As added by P.L.380-1987(ss), SEC.18. Amended by P.L.149-2014, SEC.29.
IN Code § 36-7-14.5-22 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-22. Issuance of Bonds; Option to Purchase Leased Property; Legislative Body Approval

Sec. 22. If the commission exercises its option to purchase leased property, it may, subject to the prior approval of the legislative body of the unit under IC 36-7-14-25.1, issue its bonds as authorized by statute.As added by P.L.380-1987(ss), SEC.18. Amended by P.L.149-2014, SEC.30.
IN Code § 36-7-14.5-23 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-23. Tax-Exempt Status of Authority Property and Bonds

Sec. 23. All:(1) property owned by the authority;(2) revenues of the authority; and(3) bonds issued by the 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.As added by P.L.380-1987(ss), SEC.18. Amended by P.L.21-1990, SEC.53; P.L.254-1997(ss), SEC.30; P.L.79-2017, SEC.81.
IN Code § 36-7-14.5-24 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 14.5. Redevelopment Authority|36-7-14.5-24. Action Contesting Validity of Bonds

Sec. 24. 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.380-1987(ss), SEC.18.
IN Code § 36-7-15.1-1 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7. Planning and Development|Chapter 15.1. Redevelopment of Areas in Marion County Needing Redevelopment|36-7-15.1-1. Application of Chapter

Sec. 1. This chapter applies in each county having a consolidated city.As added by Acts 1982, P.L.77, SEC.8. Amended by P.L.84-1987, SEC.5.