reglab/housing_qa huggingface dataset:
IN Code § 36-10-9-8.1 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9. Marion County Capital Improvement Board|36-10-9-8.1. Long Range Financial Plan

Sec. 8.1. (a) During 2009, the board shall prepare a long range financial plan covering the period beginning with the year 2010 and ending with the year 2041. The long range financial plan must set forth the following:(1) The schedule for the retirement of all debt that is outstanding as of January 1, 2010.(2) An estimated operating and capital budget for each calendar year that covers the projected operating expenses, debt obligations, expenditures for capital improvements and land acquisition, and estimated income to pay these items, including the source of each type of income.(b) Before January 1, 2010, the board shall deliver a copy of the long range financial plan to each member of the city-county legislative body and to the legislative council in an electronic format under IC 5-14-6.(c) The city-county legislative body shall discuss the long range financial plan in a public hearing.As added by P.L.182-2009(ss), SEC.456.
IN Code § 36-10-9-10 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9. Marion County Capital Improvement Board|36-10-9-10. Capital Improvement Fund

Sec. 10. (a) Unless there are bonds or notes outstanding under this chapter and secured in whole or in part by money deposited in the capital improvement bond fund, the proceeds of excise taxes received from the treasurer of the state shall be deposited in a separate and distinct fund called the "capital improvement fund". The gross income received by the board from the operation of capital improvements under this chapter shall be deposited in the capital improvement fund, regardless of whether or not there are any bonds or notes outstanding. Any money in the fund may be expended by the board without the necessity of an appropriation to pay or provide for the payment of operating expenses. Money in the fund may also be used by the board without appropriation or approval to pay the principal on, or interest of, any bonds or notes issued under this chapter that cannot be paid from funds in the capital improvement bond fund or may be used for the payment of the principal of, redemption premium, if any, for, and interest on any bonds or notes issued under this chapter, upon prior redemption, or for all or part of the cost of a capital improvement.(b) The board may covenant in any resolution, ordinance, or trust agreement providing for the issuance of bonds or notes as to the order of application of money deposited in the capital improvement fund, including the holding or disposing of any surplus in that fund.(c) The net income from the operation of capital improvements under this chapter shall be transferred from the capital improvement fund to the capital improvement bond fund to the extent of any deficiency in the amount required to be in the capital improvement bond fund.As added by Acts 1982, P.L.77, SEC.28.
IN Code § 36-10-9-11.1 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9. Marion County Capital Improvement Board|36-10-9-11.1. Defeased Bonds; Use of Funds in Capital Improvement Bond Fund and Capital Improvement Fund

Sec. 11.1. (a) Upon the defeasance of an issue of capital improvement board bonds, the board may use funds in its capital improvement bond fund for those defeased bonds for the purposes set forth in subsection (b) if the board:(1) has sold all or part of a capital improvement to a county convention and recreation facilities authority and leased it back; or(2) has leased all or part of a capital improvement to a county convention and recreation facilities authority and leased it back.(b) The board may use the funds in the capital improvement fund for the defeased bonds for the following:(1) As payment of lease rental or as a reserve for lease rental.(2) As a deposit with the county convention and recreation facilities authority or a trustee for the authority's bond owners to be used for payment of those bonds or as a reserve for those bonds.(3) For any purpose for which the board is authorized to expend or apply funds.(4) For any combination of the purposes set forth in subdivisions (1), (2), and (3).As added by P.L.82-1985, SEC.11.
IN Code § 36-10-9-14 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9. Marion County Capital Improvement Board|36-10-9-14. Tax Covenant With Bond Purchasers

Sec. 14. (a) The Indiana general assembly covenants with the purchasers of any bonds or notes issued under this chapter that:(1) the excise taxes pledged to the payment of those bonds and notes will not be repealed, amended, or altered in any manner that would reduce or adversely affect the levy and collection of those taxes; and(2) it will not reduce the rates or amounts of those taxes;as long as the principal of, or interest on, any bonds or notes is unpaid.(b) The board, on behalf of the county, may make a similar pledge or covenant in any agreement with the purchasers of any bonds or notes issued under this chapter.(c) For purposes of this section, the principal of or interest on bonds or notes is considered paid if provision has been made for their payment in such a manner that the bonds or notes are not considered to be outstanding under the resolution, ordinance, or trust agreement under which the bonds or notes are issued.As added by Acts 1982, P.L.77, SEC.28.
IN Code § 36-10-9-15 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9. Marion County Capital Improvement Board|36-10-9-15. General Obligation Bonds

Sec. 15. (a) A capital improvement may be financed in whole or in part by the issuance of general obligation bonds of the county.(b) If the board desires to finance a capital improvement in whole or in part as provided in this section, it shall have prepared a resolution to be adopted by the board of commissioners of the county authorizing the issuance of general obligation bonds. The resolution must state the date or dates on which the principal of the bonds is payable, the maximum interest rate to be paid, and the other terms upon which the bonds shall be issued. The board shall submit the proposed resolution to the city-county legislative body for approval under IC 36-3-6-9, together with a certificate to the effect that the issuance of bonds in accordance with the resolution will be in compliance with this section. The certificate must also state the estimated annual net income of the capital improvement to be financed by the bonds, the estimated annual tax revenues, and the maximum amount payable in any year as principal and interest on the bonds issued under this chapter, including the bonds proposed to be issued, at the maximum interest rate set forth in the resolution. The bonds issued may mature over a period not exceeding forty (40) years from the date of issue.(c) If the city-county legislative body approves the issuance of bonds under IC 36-3-6-9, the board shall submit the resolution to the executive of the consolidated city, who shall review the resolution. If the executive approves the resolution, the board shall take all action necessary to issue the bonds in accordance with the resolution. An action to contest the validity of bonds issued under this section and sold at a public sale may not be brought after the fifteenth day following the receipt of bids for the bonds.(d) The provisions of all general statutes relating to:(1) the filing of a petition requesting the issuance of bonds and giving notice;(2) the right of:(A) taxpayers and voters to remonstrate against the issuance of bonds in the case of a proposed bond issue described by IC 6-1.1-20-3.1(a); or(B) voters to vote on the issuance of bonds in the case of a proposed bond issue described by IC 6-1.1-20-3.5(a);(3) the giving of notice of the determination to issue bonds;(4) the giving of notice of a hearing on the appropriation of the proceeds of bonds;(5) the right of taxpayers to appear and be heard on the proposed appropriation;(6) the approval of the appropriation by the department of local government finance; and(7) the sale of bonds at a public sale for not less than par value or at a negotiated sale after June 30, 2018, and before July 1, 2023;are applicable to the issuance of bonds under this section.As added by Acts 1982, P.L.77, SEC.28. Amended by P.L.90-2002, SEC.521; P.L.219-2007, SEC.147; P.L.146-2008, SEC.797; P.L.182-2009(ss), SEC.459; P.L.125-2018, SEC.11; P.L.38-2021, SEC.106.
IN Code § 36-10-9-16 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9. Marion County Capital Improvement Board|36-10-9-16. Bond Revenue; Use

Sec. 16. All money received from any bonds issued under this chapter shall be applied solely to the payment of the construction cost of the capital improvement or capital improvements or the cost of refunding or refinancing outstanding bonds or notes, for which the bonds are issued. The cost may include:(1) planning and development of the capital improvement and all buildings, facilities, structures, and improvements related to it;(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 operation;(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 and for operations, extensions, replacements, renovations, and improvements;(7) interest during construction;(8) financial advisory fees;(9) insurance during construction;(10) municipal bond insurance; and(11) in the case of refunding or refinancing, payment of the principal of, redemption premiums, if any, for, and interest on the bonds or notes being refunded or refinanced.As added by Acts 1982, P.L.77, SEC.28. Amended by P.L.5-1988, SEC.223.
IN Code § 36-10-9-17 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9. Marion County Capital Improvement Board|36-10-9-17. Rights of Holders of Notes or Bonds

Sec. 17. Unless their rights are restricted by the appropriate bond resolution, ordinance, or trust agreement, any holder of notes or bonds (except pre-1981 general obligation bonds) issued under this chapter or a trustee under a trust agreement entered into under this chapter may, by any suitable form of legal proceeding, protect and enforce any rights provided under statute or granted by the bond resolution, ordinance, or trust agreement.As added by Acts 1982, P.L.77, SEC.28.
IN Code § 36-10-9-18 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9. Marion County Capital Improvement Board|36-10-9-18. Tax Exemptions

Sec. 18. All property owned or used and all income and revenues received by the board are exempt from special assessments and taxation in Indiana for all purposes.As added by Acts 1982, P.L.77, SEC.28.
IN Code § 36-10-9-19 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9. Marion County Capital Improvement Board|36-10-9-19. Contracts of Board, State, and Political Subdivisions

Sec. 19. The board and the state, any department, agency, or commission of the state, or any department, agency, or commission of municipal or county government, may enter into agreements, contracts, or leases with each other on the terms that are agreed upon, providing for joint and cooperative planning, financing, construction, operation, or maintenance of a capital improvement or of the buildings, facilities, structures, or improvements that are necessary or desirable in connection with the use and operation of a capital improvement.As added by Acts 1982, P.L.77, SEC.28.
IN Code § 36-10-9-20 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9. Marion County Capital Improvement Board|36-10-9-20. State Appropriation

Sec. 20. (a) Four million dollars ($4,000,000) has been appropriated out of money in the general fund of the state not otherwise appropriated for distribution by the auditor and treasurer of state to a board that was in existence on March 11, 1967, to be expended by the board for the purpose of financing a convention center to be known as the Indiana convention exposition center. However, the four million dollar ($4,000,000) appropriation could not be spent by the board until funds and assets, exclusive of real property, in addition to this appropriation, had been received by the board under section 6 of this chapter of a total value of two million dollars ($2,000,000) in excess of the cost of the funds and assets to the board. The valuation of the funds and assets shall be conclusively determined by the board and the executive of the consolidated city. This appropriation does not lapse at the end of any biennium.(b) The four million dollars ($4,000,000), including accrued interest, shall be repaid to the treasurer of state by December 31, 2000, in annual installments. The first payment shall be made on or before December 31, 1992. The amount of the payment must include interest at two percent (2%) per year The repayment shall be made by the board from net income received from the operation of the convention center, from available amounts in the capital improvement fund, and from any contributions, bequests, or other sources available to the board for this purpose.As added by Acts 1982, P.L.77, SEC.28. Amended by P.L.27-1992, SEC.29.
IN Code § 36-10-9-21 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9. Marion County Capital Improvement Board|36-10-9-21. Borrowing in Anticipation of Funds

Sec. 21. (a) In anticipation of funds to be received from any source, the board may borrow money and issue notes for a term not exceeding ten (10) years and at a rate or rates of interest determined by the board. The notes shall be issued in the name of the "capital improvement board of managers of __________ county" and may be secured (either on a parity with or junior and subordinate to any outstanding bonds or notes) by:(1) the pledge of income and revenues of any capital improvement;(2) the proceeds of excise taxes; or(3) any other funds anticipated to be received.The notes are payable solely from the income, excise taxes, revenues, and anticipated funds.(b) The financing may be negotiated directly by the board with any bank, insurance company, savings association, or other financial institution licensed to do business in Indiana upon the terms and conditions that are agreed upon, except as specifically provided in this section, and may be consummated without public offering. The notes plus interest are exempt from taxation in Indiana as provided for bonds in IC 6-8-5.As added by Acts 1982, P.L.77, SEC.28. Amended by P.L.79-1998, SEC.111.
IN Code § 36-10-9-22 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9. Marion County Capital Improvement Board|36-10-9-22. Defense and Indemnity of Officers and Employees in Legal Actions

Sec. 22. A board established under this chapter may defend any current or former member of the board or its officers, employees, or agents in a claim or suit, at law or in equity, that arises from the exercise of powers or the performance of duties or services for the board or that arises from official acts as a member of the board. The board may indemnify a person for any liability, cost, or damages related to a claim or suit, including the payment of legal fees. Before taking action authorized by this section, the board must, by resolution, determine that the action or conduct in question was taken, done, or omitted in good faith.As added by Acts 1982, P.L.77, SEC.28.
IN Code § 36-10-9.1-1 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9.1. Marion County Convention and Recreational Facilities Authority|36-10-9.1-1. Application of Chapter

Sec. 1. This chapter applies to each county having a consolidated city.As added by P.L.82-1985, SEC.12.
IN Code § 36-10-9.1-2 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9.1. Marion County Convention and Recreational Facilities Authority|36-10-9.1-2. "Authority" Defined

Sec. 2. As used in this chapter, "authority" refers to the county convention and recreational facilities authority created by this chapter.As added by P.L.82-1985, SEC.12.
IN Code § 36-10-9.1-3 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9.1. Marion County Convention and Recreational Facilities Authority|36-10-9.1-3. "Board" Defined

Sec. 3. As used in this chapter, "board" refers to the board of directors of the authority.As added by P.L.82-1985, SEC.12.
IN Code § 36-10-9.1-4 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9.1. Marion County Convention and Recreational Facilities Authority|36-10-9.1-4. "Bonds" Defined

Sec. 4. As used in this chapter, "bonds" means bonds, notes, or other evidence of indebtedness.As added by P.L.82-1985, SEC.12.
IN Code § 36-10-9.1-5 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9.1. Marion County Convention and Recreational Facilities Authority|36-10-9.1-5. "Capital Improvement Board" Defined

Sec. 5. As used in this chapter, "capital improvement board" refers to the capital improvement board of managers created by IC 36-10-9.As added by P.L.82-1985, SEC.12.
IN Code § 36-10-9.1-6 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9.1. Marion County Convention and Recreational Facilities Authority|36-10-9.1-6. Creation of Authority

Sec. 6. A ________ County Convention and Recreational Facilities Authority (the blank to be filled in with the name of the county) is created in the county as a separate body corporate and politic as an instrumentality of the county to finance facilities for lease to the capital improvement board.As added by P.L.82-1985, SEC.12.
IN Code § 36-10-9.1-7 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9.1. Marion County Convention and Recreational Facilities Authority|36-10-9.1-7. Board of Directors; Members

Sec. 7. (a) The board is composed of three (3) members, who must be residents of the county appointed by the executive of the county.(b) A member is entitled to serve a three (3) year term. A member may be reappointed to subsequent terms.(c) If a vacancy occurs on the board, the executive of the county shall fill the vacancy by appointing a new member for the remainder of the vacated term.(d) A board member may be removed for cause by the executive of the county.(e) Each member, 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 board.(f) A member may not receive a salary.As added by P.L.82-1985, SEC.12.
IN Code § 36-10-9.1-8 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9.1. Marion County Convention and Recreational Facilities Authority|36-10-9.1-8. Organizational Meeting; Officers; Special Meetings; Quorum

Sec. 8. (a) Immediately after January 15 of each year, the board shall hold an organizational meeting. 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.(b) Special meetings may be called by the president of the board or any two (2) members of the board.(c) 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.82-1985, SEC.12.
IN Code § 36-10-9.1-9 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9.1. Marion County Convention and Recreational Facilities Authority|36-10-9.1-9. Bylaws and Rules

Sec. 9. 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.82-1985, SEC.12.
IN Code § 36-10-9.1-10 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9.1. Marion County Convention and Recreational Facilities Authority|36-10-9.1-10. Purposes

Sec. 10. The authority is organized for the following purposes:(1) Financing, constructing, and leasing capital improvements to the capital improvement board.(2) Financing and constructing additional improvements to capital improvements owned by the authority and leasing them to the capital improvement board.(3) Acquiring all or a portion of one (1) or more capital improvements from the capital improvement board by purchase or lease and leasing these capital improvements back to the capital improvement board, with any additional improvements that may be made to them.(4) Acquiring all or a portion of one (1) or more capital improvements from the capital improvement board by purchase or lease to fund or refund indebtedness incurred on account of those capital improvements to enable the capital improvement board to make a savings in debt service obligations or lease rental obligations or to obtain relief from covenants that the capital improvement board considers to be unduly burdensome.As added by P.L.82-1985, SEC.12.
IN Code § 36-10-9.1-11 (2021)
2021 Indiana Code|Title 36. Local Government|Article 10. Recreation, Culture, and Community Facilities|Chapter 9.1. Marion County Convention and Recreational Facilities Authority|36-10-9.1-11. Powers

Sec. 11. The authority may also do any of the following:(1) Finance, improve, construct, reconstruct, renovate, purchase, lease, acquire, and equip capital improvements.(2) Lease those capital improvements to the capital improvement board.(3) Sue, be sued, plead, and 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, and hold any real or personal property needed or considered useful in connection with capital 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 capital improvement.(7) Design, order, contract for, and construct, reconstruct, and renovate any capital improvements or improvements to a capital improvement.(8) Employ managers, superintendents, architects, engineers, attorneys, auditors, clerks, construction managers, and other employees necessary for construction of capital improvements or improvements to a capital improvement.(9) Subject to section 11.5 of this chapter, make and enter into all contracts and agreements necessary or incidental to the performance of its duties and the execution of its powers under this chapter.(10) Take any other action necessary to implement its purposes as set forth in section 10 of this chapter.As added by P.L.82-1985, SEC.12. Amended by P.L.109-2019, SEC.20.