reglab/housing_qa huggingface dataset:
IN Code § 36-7.5-2-8 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 2. Development Authority and Board|36-7.5-2-8. Public Purchasing and Public Works Project Laws Apply; Alternatives; Commuter Transportation District Exercise of Development Authority's Powers and Duties

Sec. 8. (a) Except as provided in subsection (c), the development authority must comply with IC 5-22 (public purchasing), IC 36-1-12 (public work projects), and any applicable federal bidding statutes and regulations. An eligible political subdivision that receives a loan, a grant, or other financial assistance from the development authority or enters into a lease with the development authority must comply with applicable federal, state, and local public purchasing and bidding law and regulations. However, a purchasing agency (as defined in IC 5-22-2-25) of an eligible political subdivision may:(1) assign or sell a lease for property to the development authority; or(2) enter into a lease for property with the development authority;at any price and under any other terms and conditions as may be determined by the eligible political subdivision and the development authority. However, before making an assignment or sale of a lease or entering into a lease under this section that would otherwise be subject to IC 5-22, the eligible political subdivision or its purchasing agent must obtain or cause to be obtained a purchase price for the property to be subject to the lease from the lowest responsible and responsive bidder in accordance with the requirements for the purchase of supplies under IC 5-22.(b) In addition to the provisions of subsection (a), with respect to projects undertaken by the authority, the authority shall set a goal for participation by minority business enterprises of fifteen percent (15%) and women's business enterprises of five percent (5%), 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 goal, the authority shall take into account historical precedents in the same market.(c) As an alternative to IC 36-1-12, the development authority may utilize and may comply with:(1) IC 5-16;(2) IC 5-23;(3) IC 5-30;(4) IC 5-32; or(5) any combination of the articles listed in subdivisions (1) through (4) as determined by the development authority as appropriate;when acquiring, financing, and constructing a public work that is a development project (as defined in IC 36-7.5-4.5-5).(d) The development authority may:(1) contract with;(2) assign to; or(3) delegate to;a commuter transportation district to perform any duties and exercise any powers of the development authority under this chapter.As added by P.L.214-2005, SEC.73. Amended by P.L.252-2015, SEC.48; P.L.189-2018, SEC.167; P.L.10-2019, SEC.136.
IN Code § 36-7.5-2-9 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 2. Development Authority and Board|36-7.5-2-9. Annual Financial Audit

Sec. 9. (a) The state board of accounts shall, pursuant to IC 5-11-1-7 and IC 5-11-1-24, allow the development authority to contract with a certified public accountant for an annual financial audit of the development authority. The certified public accountant may not have a significant financial interest in a project, facility, or service funded by or leased by or to the development authority. The certified public accountant selected by the development authority must be approved by the state examiner and is subject to the direction of the state examiner while performing an annual financial audit under this article.(b) The certified public accountant shall present an audit report not later than four (4) months after the end of the development authority's fiscal year and shall make recommendations to improve the efficiency of development authority operations. The certified public accountant shall also perform a study and evaluation of internal accounting controls and shall express an opinion on the controls that were in effect during the audit period.(c) The development authority shall pay the cost of the annual financial audit. In addition, the state board of accounts may at any time conduct an audit of any phase of the operations of the development authority. The development authority shall pay the cost of any audit by the state board of accounts.As added by P.L.214-2005, SEC.73. Amended by P.L.257-2019, SEC.145.
IN Code § 36-7.5-3-1 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 3. Development Authority Powers and Duties|36-7.5-3-1. Duties

Sec. 1. The development authority shall do the following:(1) Subject to sections 1.5 and 1.7 of this chapter, assist in the coordination of local efforts concerning projects.(2) Assist a commuter transportation district, an airport authority, the Lake Michigan marina and shoreline development commission, a regional transportation authority, and a regional bus authority in coordinating regional transportation and economic development efforts.(3) Subject to sections 1.5 and 1.7 of this chapter, fund projects as provided in this article.(4) Fund bus services (including fixed route services and flexible or demand-responsive services) and projects related to bus services and bus terminals, stations, or facilities.As added by P.L.214-2005, SEC.73. Amended by P.L.47-2006, SEC.59; P.L.197-2011, SEC.151; P.L.192-2015, SEC.11; P.L.189-2018, SEC.168.
IN Code § 36-7.5-3-1.5 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 3. Development Authority Powers and Duties|36-7.5-3-1.5. Expenditure of Money to Fund Economic Development Projects; Requirements; Submission of Funding Proposals to Budget Committee; Exceptions

Sec. 1.5. (a) Except as provided in section 1.7 of this chapter, this section applies to revenue received by the authority to the extent that the revenue has not been pledged or otherwise obligated to pay bonds or leases entered into before July 1, 2015, for a project other than a rail project.(b) The authority may expend money received under this article to fund economic development projects only to the extent that:(1) the development board finds that the economic development project is a destination based economic development project evaluated under IC 36-7.5-2-1(4) or is consistent with:(A) a duty imposed upon the development authority under section 1(2) or 1(4) of this chapter; or(B) the Marquette Plan; and(2) funding the project is reviewed by the budget committee under subsection (c).(c) The development board shall submit to the budget committee for review and comment any proposal to fund an economic development project (including any destination based economic development project) under this article. The budget committee shall review any proposal received under this subsection and may request that the authority appear at a public meeting of the budget committee concerning the funding proposal. This subsection does not apply to a rail project financed under IC 5-1.3.As added by P.L.192-2015, SEC.12. Amended by P.L.204-2016, SEC.38; P.L.189-2018, SEC.169.
IN Code § 36-7.5-3-1.7 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 3. Development Authority Powers and Duties|36-7.5-3-1.7. Development Authority Expenditure of Money for Rail Project

Sec. 1.7. (a) This section applies to a rail project.(b) Notwithstanding section 1.5 of this chapter, and except for revenue received by the development authority and pledged or otherwise obligated to pay bonds or leases entered into before July 1, 2015, for a project other than a rail project, the development authority may expend money received under this article to fund a rail project.As added by P.L.189-2018, SEC.170.
IN Code § 36-7.5-3-3 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 3. Development Authority Powers and Duties|36-7.5-3-3. Reports

Sec. 3. The development authority shall before November 1 of each year issue a report to the legislative council, the budget committee, and the governor concerning the operations and activities of the development authority during the preceding state fiscal year. The report to the legislative council must be in an electronic format under IC 5-14-6.As added by P.L.214-2005, SEC.73.
IN Code § 36-7.5-3-4 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 3. Development Authority Powers and Duties|36-7.5-3-4. Development Plan

Sec. 4. (a) The development authority shall prepare a comprehensive strategic development plan that includes detailed information concerning the following:(1) The proposed projects to be undertaken or financed by the development authority.(2) The following information for each project included under subdivision (1):(A) Timeline and budget.(B) The return on investment.(C) The projected or expected need for an ongoing subsidy.(D) Any projected or expected federal matching funds.(b) The development authority shall before January 1, 2008, submit the comprehensive strategic development plan for review by the budget committee and approval by the director of the office of management and budget.As added by P.L.214-2005, SEC.73.
IN Code § 36-7.5-3-5.4 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 3. Development Authority Powers and Duties|36-7.5-3-5.4. Northwest Indiana Plan; Goals for Employment and Retention of Employees for Work on Development Projects; Reporting Requirements

Sec. 5.4. (a) For purposes of this section, "northwest Indiana plan" refers to the activities of the Indiana plan for equal employment in its northwest Indiana region.(b) Subject to subsection (c), the development authority shall set a goal to achieve employment and retention of employees from certain northwest Indiana cities for work on development authority projects. The goal must be to attain, by not later than January 1, 2020, a workforce for each project that consists of at least twenty percent (20%) of employees who are individuals who reside in cities that:(1) are within the boundaries of the development authority; and(2) have an unemployment rate that exceeds the state unemployment rate by more than twenty percent (20%).(c) The goal set forth in subsection (b) applies:(1) to development authority investments of state and local funds on capital projects that require construction or demolition; and(2) unless attainment of the goal is inconsistent with any federal or state law or regulation.(d) The development authority shall before November 1 of each year issue a report to the legislative council, the budget committee, and the governor concerning the operations and activities of the development authority during the preceding state fiscal year as indicated in section 3 of this chapter. In addition, the development authority shall report on progress toward meeting the goal set forth in subsection (b) for the previous year and report any obstacles to achieving the goal set forth in subsection (b) and the use of the northwest Indiana plan in the report to the legislative council. The report to the legislative council must be in an electronic format under IC 5-14-6.As added by P.L.192-2015, SEC.13.
IN Code § 36-7.5-3-6 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 3. Development Authority Powers and Duties|36-7.5-3-6. Northwest Indiana Regional Development Authority Commuter Rail Construction Fund; Establishment; Uses

Sec. 6. (a) As used in this section, "fund" refers to the northwest Indiana regional development authority commuter rail construction fund established by subsection (b).(b) The northwest Indiana regional development authority commuter rail construction fund is established within the treasury of the development authority as a restricted fund for the purpose of holding money to be used to provide matching grants for projects that:(1) are related to the extension of the Chicago, South Shore, and South Bend Railway; and(2) are approved by the development authority under this section.(c) The fund consists of the following:(1) Appropriations by the general assembly.(2) Contributions received by the development authority under IC 36-7.5-4-1 and IC 36-7.5-4-2.(3) Contributions of the local income tax revenue received by the fund in accordance with section 5 of this chapter.(4) Federal grants.(5) Gifts.(d) The development authority shall administer the fund.(e) Money in the fund that is not needed to satisfy the obligations of the fund may be invested in the manner that other public money may be invested. Interest or other investment returns received on investments of money in the fund becomes part of the fund.(f) Money in the fund may be disbursed from the fund only for the following purposes:(1) To pay debt service on bonds issued to fund construction projects extending the Chicago, South Shore, and South Bend Railway.(2) To provide matching grants in accordance with the requirements of this section.(3) To pay the expenses of the development authority in administering the fund.(4) To return money to the entity that contributed the money to correct an error in the contribution amount or because the money is no longer needed for the purpose for which the money was contributed.As added by P.L.213-2015, SEC.266. Amended by P.L.197-2016, SEC.141.
IN Code § 36-7.5-4-2.5 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4. Financing; Issuance of Bonds; Leases|36-7.5-4-2.5. Use of Revenue to Support Rail Projects and Double Tracking Project; Payments of Revenue to Development Authority Before Certified Distributions Are Made

Sec. 2.5. (a) This section applies to a unit that has previously:(1) entered into an interlocal cooperation or other similar agreement;(2) adopted an ordinance or resolution; or(3) taken any other action offering to support and finance:(A) a rail project or rail projects under this chapter; or(B) the double tracking project under IC 36-7.5-4.5.(b) The unit may use any legally available revenue to support and finance the projects described in subsection (a)(3), including additional revenue allocated each year for economic development under IC 6-3.6-6-9.(c) Additional revenue allocated for economic development to support and finance the projects under this section shall be paid by the treasurer of state to the treasurer of the northwest Indiana regional development authority under section 2 of this chapter before certified distributions are made to the county or any civil taxing unit in the county or counties in which the unit is located.(d) A transfer made on behalf of a unit under subsection (c) after December 31, 2018, is considered to be a payment for services provided to residents by a rail project as those services are rendered.(e) 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 northwest Indiana regional development authority; and(2) does not constitute an indebtedness of:(A) a unit described in this section; or(B) the state;within the meaning or application of any constitutional or statutory provision or limitation.(f) 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 income taxes, 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 income tax revenues have been pledged recognize that the regulation of local income taxes 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.(g) All proceedings had and actions described in this section are valid pledges under IC 5-1-14-4 as of the date of those proceedings or actions and are hereby legalized and declared valid if taken before March 15, 2018.As added by P.L.189-2018, SEC.173.
IN Code § 36-7.5-4-3 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4. Financing; Issuance of Bonds; Leases|36-7.5-4-3. Bond Issues

Sec. 3. (a) The development authority may issue bonds for the purpose of obtaining money to pay the cost of:(1) acquiring real or personal property, including existing capital improvements;(2) acquiring, constructing, improving, reconstructing, or renovating one (1) or more projects; or(3) funding or refunding bonds issued under this chapter or IC 8-5-15, IC 8-22-3, or IC 36-9-3 or prior law.(b) The bonds are payable solely from:(1) the lease rentals from the lease of the projects for which the bonds were issued, insurance proceeds, and any other funds pledged or available; and(2) except as otherwise provided by law, revenue received by the development authority and amounts deposited in the development authority revenue fund.(c) The bonds shall be authorized by a resolution of the development 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 forty (40) years.(f) The board shall sell the bonds only to the Indiana finance authority established by IC 5-1.2-3 upon the terms determined by the development board and the Indiana finance authority.(g) All money received from any bonds issued under this chapter shall be applied solely to the payment of the cost of acquiring, constructing, improving, reconstructing, or renovating one (1) or more projects, or the cost of refunding or refinancing outstanding bonds, for which the bonds are issued. The cost may include:(1) planning and development of equipment or a facility and all buildings, facilities, structures, equipment, and improvements related to the facility;(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 project 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) 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) for, and interest on, the bonds being refunded or refinanced.As added by P.L.214-2005, SEC.73. Amended by P.L.1-2006, SEC.573; P.L.252-2015, SEC.49; P.L.189-2018, SEC.174.
IN Code § 36-7.5-4-4 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4. Financing; Issuance of Bonds; Leases|36-7.5-4-4. Bonding; Complete Authority

Sec. 4. 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 development board or 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 article.As added by P.L.214-2005, SEC.73.
IN Code § 36-7.5-4-5 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4. Financing; Issuance of Bonds; Leases|36-7.5-4-5. Bonding; Security; Trust Indenture

Sec. 5. (a) The development authority may secure bonds issued under this chapter by a trust indenture between the development 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 revenue received by the development authority, amounts deposited in the development authority revenue fund, and lease rentals, receipts, and income from leased projects, but may not mortgage land or projects;(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 development authority and development board;(3) set forth the rights and remedies of bondholders and trustees; and(4) restrict the individual right of action of bondholders.(c) Any pledge or assignment made by the development authority under this section 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 made 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.214-2005, SEC.73. Amended by P.L.189-2018, SEC.175.
IN Code § 36-7.5-4-6 (2021)
2021 Indiana Code|Title 36. Local Government|Article 7.5. Northwest Indiana Regional Development Authority|Chapter 4. Financing; Issuance of Bonds; Leases|36-7.5-4-6. Bond Refunding; Leases

Sec. 6. (a) Bonds issued under IC 8-5-15, IC 8-22-3, IC 36-7-13.5, or IC 36-9-3 or prior law may be refunded as provided in this section.(b) An eligible political subdivision may:(1) lease all or a portion of land or a project or projects to the development authority, which may be at a nominal lease rental with a lease back to the eligible political subdivision, conditioned upon the development authority assuming bonds issued under IC 8-5-15, IC 8-22-3, IC 36-7-13.5, or IC 36-9-3 or prior law and issuing its bonds to refund those bonds; and(2) sell all or a portion of land or a project or projects to the development authority for a price sufficient to provide for the refunding of those bonds and lease back the land or project or projects from the development authority.As added by P.L.214-2005, SEC.73.