reglab/housing_qa huggingface dataset:
IN Code § 5-1-17-25 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17. Indiana Stadium and Convention Building Authority|5-1-17-25. Bonds; Maximum Amount; Conditions

Sec. 25. The authority shall not issue bonds in a principal amount exceeding five hundred million dollars ($500,000,000) to finance any capital improvement in a county having a consolidated first class city unless:(1) on or before June 30, 2005, the county fiscal body:(A) increases the rate of the tax authorized by IC 6-6-9.7 by the maximum amount authorized by IC 6-6-9.7-7(c);(B) increases the rate of the tax authorized by IC 6-9-8 by the maximum amount authorized by IC 6-9-8-3(d);(C) increases the rate of tax authorized by IC 6-9-12 by the maximum amount authorized by IC 6-9-12-5(b); and(D) increases the rate of the tax authorized by IC 6-9-13 by the maximum amount authorized by IC 6-9-13-2(b); and(2) on or before October 1, 2005, the budget director makes a determination under IC 36-7-31-14.1 to increase the amount of money captured in a tax area established under IC 36-7-31 by up to eleven million dollars ($11,000,000) per year, commencing July 1, 2007.As added by P.L.214-2005, SEC.6.
IN Code § 5-1-17-27 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17. Indiana Stadium and Convention Building Authority|5-1-17-27. Real Property Conveyance Without Bid or Advertisement

Sec. 27. In order to enable the authority to lease a capital improvement or existing facility to a state agency under section 26 of this chapter, the governor may convey, transfer, or sell, with or without consideration, real property (including the buildings, structures, and improvements), title to which is held in the name of the state, to the authority, without being required to advertise or solicit bids or proposals, in order to accomplish the governmental purposes of this chapter.As added by P.L.214-2005, SEC.6.
IN Code § 5-1-17-28 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17. Indiana Stadium and Convention Building Authority|5-1-17-28. Lease Payments From Taxes; Budget Director Designee

Sec. 28. If the authority enters into a lease with a capital improvement board under section 13 of this chapter or a state agency under section 26 of this chapter, which then enters into a sublease with a capital improvement board under section 26(b) of this chapter, and the rental payments owed by the capital improvement board to the authority under the lease or to the state agency under the sublease are payable from the taxes described in section 25 of this chapter or from the taxes authorized under IC 6-9-35, the budget director may choose the designee of the capital improvement board, which shall receive and deposit the revenues derived from such taxes. The designee shall hold the revenues on behalf of the capital improvement board pursuant to an agreement between the authority and the capital improvement board or between a state agency and the capital improvement board. The agreement shall provide for the application of the revenues in a manner that does not adversely affect the validity of the lease or the sublease, as applicable.As added by P.L.214-2005, SEC.6.
IN Code § 5-1-17.5-1 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-1. Legislative Findings

Sec. 1. The general assembly finds the following:(1) Marion County and certain surrounding counties and municipalities located in those counties face unique and distinct challenges and opportunities related to the economic development issues associated with the maintenance of a world-class motorsports facility in the town of Speedway.(2) A unique approach is required to ensure that such a motorsports facility can be maintained to allow these counties and municipalities to meet these challenges and opportunities.(3) The powers and responsibilities provided to the Indiana motorsports commission created by this chapter and the Indiana finance authority are appropriate and necessary to carry out the public purposes of encouraging and fostering economic development in central Indiana and maintaining a world-class motorsports facility in the town of Speedway.(4) Encouragement of economic development in central Indiana will:(A) generate significant economic activity, a substantial part of which results from persons residing outside Indiana, which may attract new businesses and encourage existing businesses to remain or expand in central Indiana;(B) promote central Indiana to residents outside Indiana, which may attract residents outside Indiana and new businesses to relocate to central Indiana;(C) protect and increase state and local tax revenues; and(D) encourage overall economic growth in central Indiana and in Indiana.(5) Marion County faces unique challenges in the development of infrastructure and other facilities necessary to promote economic development as a result of its need to rely on sources of revenue other than property taxes, due to the large number of tax-exempt properties located in Marion County, because Indianapolis is the seat of state government and Marion County government, and because Marion County is home to multiple institutions of higher education and the site of numerous state and regional nonprofit corporations.(6) Economic development benefits the health and welfare of the people of Indiana, is a public use and purpose for which public money may be spent, and is of public utility and benefit.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-2 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-2. "Admissions Fees"

Sec. 2. As used in this chapter, "admissions fees" means the admissions fees under IC 6-8-14.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-4 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-4. "Authority"

Sec. 4. As used in this chapter, "authority" refers to the Indiana finance authority.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-5 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-5. "Board"

Sec. 5. As used in this chapter, "board" refers to the board of directors of the commission.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-6 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-6. "Bonds"

Sec. 6. As used in this chapter, "bonds" has the meaning set forth in IC 5-1.2-2-5.As added by P.L.233-2013, SEC.5. Amended by P.L.189-2018, SEC.23.
IN Code § 5-1-17.5-7 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-7. "Budget Agency"

Sec. 7. As used in this chapter, "budget agency" means the budget agency established by IC 4-12-1-3.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-8 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-8. "Budget Committee"

Sec. 8. As used in this chapter, "budget committee" means the budget committee established by IC 4-12-1-3.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-9 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-9. "Commission"

Sec. 9. As used in this chapter, "commission" refers to the Indiana motorsports commission created by this chapter.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-10 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-10. "Department"

Sec. 10. As used in this chapter, "department" refers to the department of state revenue.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-11 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-11. "Motorsports Investment District"

Sec. 11. As used in this chapter, "motorsports investment district" means the geographic area established as a motorsports investment district under this chapter.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-12 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-12. "Person"

Sec. 12. As used in this chapter, "person" has the meaning set forth in IC 36-1-2-12.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-13 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-13. "Political Subdivision"

Sec. 13. As used in this chapter, "political subdivision" has the meaning set forth in IC 36-1-2-13.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-14 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-14. "Qualified Motorsports Facility"

Sec. 14. (a) As used in this chapter, "qualified motorsports facility" means a facility that:(1) is located in Indiana;(2) is used for professional motorsports racing events;(3) has a motorsports racetrack that is greater than two (2) miles in length; and(4) holds at least two (2) professional motorsports racing events annually at which the combined admissions total at least two hundred thousand (200,000).(b) For purposes of this section, a professional motorsports racing event includes a professional motorsports racing practice session that is open to the general public.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-15 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-15. Commission Established; Purpose

Sec. 15. The Indiana motorsports commission is created in Indiana as a separate body corporate and politic, as an instrumentality of the state, to finance and lease real and personal property improvements for the benefit of an owner of a qualified motorsports facility within a motorsports investment district.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-17 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-17. Powers of the Commission

Sec. 17. The commission is authorized and empowered to do the following:(1) To sue and be sued, and to plead and be impleaded in the name of the commission.(2) To receive and accept from any federal agency grants and to receive and accept aid or contributions from any source of money, property, labor, or other things of value, to be held, used, and applied only for the purposes for which such grants and contributions may be made.(3) To hold, use, administer, and expend such sum or sums as may at any time be appropriated or transferred to the commission.(4) To purchase, acquire, or hold debt securities or other investments for the commission's own account at prices and in a manner the commission considers advisable, and to sell or otherwise dispose of those securities or investments at prices without relation to cost and in a manner the commission considers advisable.(5) To lease real or personal property as lessor or lessee from or to the authority or any person under this chapter.(6) To do all acts and things necessary or proper to carry out the powers expressly granted in this chapter.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-18 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-18. Staff Support and Expenses; Employees

Sec. 18. The authority shall provide staff support for the commission and pay all expenses of the commission from funds transferred to the commission from the motorsports investment district fund established under section 30 of this chapter. In providing such staff, the authority may employ, without the approval of the attorney general or any other state officer, any accounting and technical experts, attorneys, and other officers, employees, and agents, permanent or temporary, as may be necessary in the authority's judgment to carry out the efficient operation of the commission, including professionals who can prepare a report on the matters to be considered in making the findings of the commission set forth in section 24 of this chapter, and the commission may fix their compensation and title. Employees of the authority employed under this section shall not be considered employees of the state.As added by P.L.233-2013, SEC.5. Amended by P.L.2-2014, SEC.10.
IN Code § 5-1-17.5-19 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-19. Surety Bonds of Directors

Sec. 19. (a) Except as provided in subsection (b), each director of the board shall execute a surety bond in the penal sum of fifty thousand dollars ($50,000). To the extent an individual described in this section is already covered by a bond required by state law, the individual is not required to obtain another bond, so long as the bond required by state law is in at least the penal sum specified in this section and covers the individual's activities for the commission.(b) Instead of a bond, the chair may execute a blanket surety bond covering each director.(c) Each surety bond must be conditioned upon the faithful performance of the individual's duties and shall be issued by a surety company authorized to transact business in this state as surety. At all times after the issuance of any surety bonds, each individual described in this section shall maintain the surety bonds in full force and effect. All costs of the surety bonds shall be borne by the commission.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-20 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-20. Personal Liability of Directors

Sec. 20. The directors of the board are not subject to personal liability or accountability by reason of any act authorized by this chapter with respect to the:(1) issuance of any obligations;(2) execution of any lease or sublease; or(3) execution of any other agreement under this chapter.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-21 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-21. Annual Audit

Sec. 21. The commission shall cause an audit or review of its books and accounts to be made at least once each year by certified public accountants.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-22 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-22. Annual Report

Sec. 22. The commission shall, following the close of each fiscal year of the commission, submit an annual report of its activities for the preceding year to the governor, the budget committee, and the legislative council. An annual report submitted under this section to the legislative council must be in an electronic format under IC 5-14-6. Each report must set forth a complete operating and financial statement for the commission during the fiscal year the report covers.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-23 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-23. Director's Interest in Contracts or in Sale or Lease of Property Prohibited

Sec. 23. (a) A director of the commission who knowingly has an interest:(1) in any contract with the commission; or(2) in the sale or lease of any real or personal property to the commission;commits a Class A misdemeanor. All such contracts or leases are void.(b) This section does not apply to contracts for purchases of property, real or personal, between the commission and:(1) the authority;(2) any political subdivision; or(3) any department or agency of the state.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-24 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-24. Resolution by Commission Establishing a District; Public Hearing; Required Findings by Commission; Territory of District

Sec. 24. (a) The commission may, after a public hearing, adopt a resolution establishing a motorsports investment district. Notice of the public hearing must be provided in accordance with IC 5-3-1.(b) In establishing the motorsports investment district, the commission must make the following findings:(1) There are improvements that will be undertaken in the motorsports investment district that will have a positive effect on the activities of a qualified motorsports facility.(2) The improvements that will be undertaken in the motorsports investment district will benefit the public health and welfare and will be of public utility and benefit.(3) The improvements that will be undertaken in the motorsports investment district will protect or increase state and local tax bases and tax revenues.(c) A motorsports investment district consists of:(1) the geographic area that is included within the qualified motorsports facility;(2) adjacent property that is:(A) related to the operation of the qualified motorsports facility; and(B) owned by the owner of the qualified motorsports facility or a subsidiary or affiliate of the qualified motorsports facility;(3) property on which activities related to the qualified motorsports facility occur; and(4) other public property specified by the commission;as determined in the resolution adopted by the commission.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-25 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-25. Allocation of Amounts Appropriated to the Commission; Expiration Date of District

Sec. 25. A resolution establishing a motorsports investment district must provide for the allocation to the motorsports investment district fund established under section 30 of this chapter of the money appropriated to the commission. The resolution must state an expiration date for the motorsports investment district, which must be the later of:(1) the date that is thirty (30) years after the date of the adoption of the resolution; or(2) the date on which the owner or owners of a qualified motorsports facility no longer have a financial liability to the commission.Subject to section 24(c) of this chapter, the commission shall specify in the resolution the geographic area that is included within the motorsports investment district.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-26 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-26. Filing of Informational Tax Returns by Certain Taxpayers; Guidelines

Sec. 26. (a) A taxpayer operating in the motorsports investment district that files a consolidated return with the department also shall file annually an informational return with the department for each business location of the taxpayer within the motorsports investment district.(b) If the department is unable to determine the extent to which taxes remitted by a taxpayer are gross retail incremental amounts or income tax incremental amounts for purposes of IC 4-10-23, the department shall use the best information available in calculating those incremental amounts.(c) The department shall adopt guidelines to govern its responsibilities under this chapter.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-27 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-27. Submission to the Budget Agency of Resolution Establishing District

Sec. 27. Upon adoption by the commission of a resolution establishing a motorsports investment district under this chapter, the commission shall submit the resolution to the budget agency.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-28 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-28. Budget Committee Review; Approval by Budget Agency; Required Findings Before Resolution May Be Approved

Sec. 28. The budget agency, after review by the budget committee, shall approve the resolution establishing the motorsports investment district if the budget agency finds that the improvements to be made within the qualified motorsports facility are economically sound and will benefit the people of Indiana by protecting or increasing state and local tax bases and tax revenues for at least the duration of the motorsports investment district.As added by P.L.233-2013, SEC.5.
IN Code § 5-1-17.5-29 (2021)
2021 Indiana Code|Title 5. State and Local Administration|Article 1. Bonds and Other Obligations|Chapter 17.5. Motorsports Investment District|5-1-17.5-29. Information to Be Provided to Department of State Revenue

Sec. 29. (a) If the commission adopts a resolution establishing a motorsports investment district, the commission shall notify the department in an electronic format approved by the department of the adoption of the resolution and shall include with the notification a complete list of the following:(1) Employers and vendors with a responsibility to remit taxes in the motorsports investment district.(2) Street names and the range of street numbers of each street in the motorsports investment district.(b) The commission shall update the list prepared under subsection (a) before July 1 of each year.(c) At the request of the department, the commission, the owner or owners of a motorsports facility located in the district, and any political subdivision in which all or a part of the district is located shall disclose to the department the names of the employers described in subsection (a) and such other information that may assist in the determination of the gross retail incremental amounts or income tax incremental amounts for purposes of IC 4-10-23.(d) At the request of the department, a political subdivision in which the qualified motorsports facility is located shall provide to the department information requested by the department concerning permits issued by the political subdivision to vendors operating within the motorsports investment district.As added by P.L.233-2013, SEC.5.