reglab/statecodes huggingface dataset:
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-16.5. Transfer of Funds by a Cash Participant or Associate Member; Double Tracking Project; Pledge

Sec. 16.5. (a) This section applies to an associate member or cash participant that has committed to:
(1) make a cash payment to the development authority; or
(2) provide revenues to the development authority annually to make debt service payments annually for the life of any:
(A) bonds or obligations issued; or
(B) leases entered into;
by the development authority;
to finance the mainline double tracking project.
(b) A transfer of funds made by a cash participant or an associate member under this section after December 31, 2018, is considered to be a payment for services provided to residents by the mainline double tracking project (as described in section 12 of this chapter) as those services are rendered.
(c) A transfer of funds under this section does not constitute an indebtedness of:
(1) an associate member;
(2) a cash participant; or
(3) the state;
within the meaning or application of any constitutional or statutory provision or limitation.
(d) A pledge by the development authority of transferred revenue under this section to the payment of bonds, leases, or obligations under this article or IC 5-1.3:
(1) constitutes the obligations of the development authority; and
(2) does not constitute an indebtedness of:
(A) an associate member;
(B) a cash participant; or
(C) the state;
within the meaning or application of any constitutional or statutory provision or limitation.
(e) Neither the transfer of revenue nor the pledge of revenue transferred under this section is an impairment of contract within the meaning or application of any constitutional provision or limitation because of the following:
(1) The statutes governing local government revenues, including the transferred revenue, have been the subject of legislation annually since 1973, and during that time the statutes have been revised, amended, expanded, limited, and recodified dozens of times.
(2) Owners of bonds, leases, or other obligations to which local government revenues have been pledged recognize that the regulation of government revenues has been extensive and consistent.
(3) All bonds, leases, or other obligations, due to their essential contractual nature, are subject to relevant state and federal law that is enacted after the date of a contract.
(4) The state of Indiana has a legitimate interest in assisting the northwest Indiana regional development authority in financing rail projects, including the mainline double tracking project.
As added by P.L.189-2018, SEC.180. Amended by P.L.10-2019, SEC.138.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-18. Transit Development District Located in Cash Participant County; Administration and Use of Incremental Property Tax Revenue

Sec. 18. If a district is established, the following apply to the administration and use of incremental property tax revenue by the development authority, or a redevelopment commission in the case of a district located in a cash participant county, in the district:
(1) The department of local government finance shall adjust the base assessed value to neutralize any effect of a reassessment and the annual adjustment of the real property in the district in the same manner as provided in IC 36-7-14-39(h).
(2) Proceeds of the property taxes approved by the voters in a referendum or local public question shall be allocated to and, when collected, paid into the funds of the taxing unit for which the referendum or local public question was conducted in the same manner as provided in IC 36-7-14-39(b)(3).
(3) Incremental property tax revenue may be used only for one (1) or more of the following purposes for a district:
(A) To finance the improvement, construction, reconstruction, renovation, and acquisition of real and personal property improvements within a district.
(B) To pay the principal of and interest on any obligations that are incurred for the purpose of financing or refinancing development in the district, including local public improvements that are physically located in or physically connected to the district.
(C) To establish, augment, or restore the debt service reserve for bonds payable solely or in part from incremental property tax revenue from the district.
(D) To pay premiums on the redemption before maturity of bonds payable solely or in part from incremental property tax revenue from the district.
(E) To make payments on leases payable from incremental property tax revenue from the district.
(F) To reimburse a municipality in which a district is located for expenditures made by the municipality for local public improvements that are physically located in or physically connected to the district.
(G) To reimburse a municipality for rentals paid by the municipality for a building or parking facility that is physically located in or physically connected to the district under any lease entered into under IC 36-1-10.
(H) To pay expenses incurred by the development authority for local public improvements that are in the district or serving the district.
As added by P.L.248-2017, SEC.10. Amended by P.L.236-2023, SEC.194.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-19. Steering Committee; Establishment; Members; Meetings; Duties

Sec. 19. (a) There is established a steering committee to provide information and guidance to the development authority on development within the districts located in a member county.
(b) The steering committee is comprised of one (1) individual appointed by the executive of each municipality located in a member county in which a district could be established. A member of the steering committee serves a one (1) year term that ends December 31 each year. Initial terms end December 31 of the first year of the member's appointment even though the term may be less than one (1) year. A member may serve additional terms. The appointing executive may replace a member at the executive's discretion. A member of the steering committee is a public servant subject to IC 35-44.1-1-4 concerning conflict of interest.
(c) A chairperson of the steering committee shall be selected annually by the members. However, the chairperson may not be a resident of a municipality that has direct appointment to the development authority board.
(d) The steering committee shall meet at least quarterly. The steering committee shall also meet upon the call of the chairperson. At each quarterly meeting:
(1) the development authority shall present a progress report on development within each district to the steering committee; and
(2) the steering committee shall provide the development authority with information and guidance on development within each district.
IC 5-14-1.5 (the open door law) applies to meetings of the steering committee. The steering committee shall publish a notice of its meeting in accordance with IC 5-3-1-2(b). All records of the steering committee are public records subject to public inspection under IC 5-14-3.
As added by P.L.248-2017, SEC.10.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-20. South Shore Improvement and Development Fund; Administration; Account for Each Transit Development District; Distributions to the Fund; Uses

Sec. 20. (a) If a district is established in a member county, the development authority shall create a south shore improvement and development fund. The development authority shall establish a separate account in the fund for each district. If more than one (1) municipality has territory within the district, a subaccount shall be established for each municipality. The fund shall be administered by the development authority. The development authority shall deposit in the appropriate district account in the fund all amounts received under this chapter from the following:
(1) Distributions of local income tax increment revenue from the state.
(2) Distributions of property tax increment revenue from counties.
(b) If a district is established in a cash participant county, the redevelopment commission having territory in the district shall create a south shore improvement and development fund. The fund shall be administered by the redevelopment commission. The redevelopment commission shall deposit in the fund all amounts received under this chapter from the following:
(1) Distributions of district local income tax increment revenue from the state.
(2) Distributions of district property tax increment revenue from the county auditor.
(c) The local income tax increment revenue and the local property tax increment revenue received by the development authority or redevelopment commission from each district shall be spent by the development authority or redevelopment commission on projects within the district from which the revenue was collected.
As added by P.L.248-2017, SEC.10.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-21. Allocation and Distribution of Incremental Property Tax Revenue in Transit Development District

Sec. 21. (a) If a district is established, the county auditor in each county in which the district is located shall distribute to the development authority, or the redevelopment commission that would otherwise receive the incremental property tax revenues under IC 36-7-14 in the case of a cash participant county, the lesser of:
(1) the property tax increment revenue collected in the district in the amount specified by the development authority or redevelopment commission; or
(2) all the property tax increment revenue collected in the district.
In the case of a district that is established in a cash participant county, the county auditor shall distribute any excess district property tax revenue increment to the political subdivisions that would otherwise receive the revenue under IC 36-7-14 as if the increment were attributable to the base assessed value of the allocation area within the district.
(b) If a district established in a member county includes a tax area established under IC 36-7-14 before January 1, 2017, the development authority and the redevelopment commission receiving property tax revenues under IC 36-7-14 shall use their best efforts to come to an agreement on how much property tax increment revenue will be allocated between the development authority and the redevelopment commission, recognizing that any existing obligations of the redevelopment commission would have priority over any later obligations of the development authority. The county auditor shall distribute to the development authority the amount of property tax increment revenue that is allocated to the development authority.
(c) The development authority shall deposit all property tax increment revenue received in the appropriate district account in the south shore improvement and development fund.
As added by P.L.248-2017, SEC.10.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-22. Duty to Maximize Amounts Distributed to Political Subdivisions That Would Otherwise Receive the Revenue; Public Meeting

Sec. 22. The development authority or redevelopment commission, in the case of a district located in a cash participant county, shall use its best efforts to maximize the amount of local income tax increment revenue and property tax increment revenue that will be distributed to the political subdivisions that would otherwise receive the revenue, taking into consideration the revenue needed by the development authority or the redevelopment commission for debt service, debt service coverage ratio requirements, excess reserve requirements, and anticipated cash needs for the near term. If a district is established in a member county, the development authority or redevelopment commission shall hold a public hearing once every three (3) years during the existence of a district to determine whether the amount of the local income tax increment revenue and property tax increment revenue to be distributed to the development authority or redevelopment commission in subsequent years with respect to the district should be:
(1) all the local income tax increment revenue or a percentage of the increment revenue; or
(2) all the property tax increment revenue or a percentage of the increment revenue.
The development authority or redevelopment commission shall adopt a resolution setting forth its determination. The resolution shall be transmitted to the budget director, the department, and each affected county auditor.
As added by P.L.248-2017, SEC.10.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-23. Funding of Development Projects Within a Transit Development District; Uses

Sec. 23. (a) The development authority or redevelopment commission may undertake or provide funding for a development project that will be located within a district.
(b) The development authority or redevelopment commission may use money in its south shore improvement and development fund to provide funding and pay costs for a development project, including in the form of financing for a development project. If financing is used for a development project the obligation must be satisfied before the expiration of this chapter. Costs may be incurred for one (1) or more of the following:
(1) Planning and development of the improvement and all buildings, facilities, structures, and improvements related to the improvement.
(2) Acquisition of a site and clearing and preparing the site for construction.
(3) Equipment, facilities, structures, and improvements that are necessary or desirable to make the capital improvement suitable for use and operations.
(4) Architectural, engineering, consultant, and attorney's fees.
(5) Incidental expenses in connection with the issuance and sale of bonds.
(6) Reserves for principal and interest.
(7) Interest during construction.
(8) Financial advisory fees.
(9) Insurance during construction.
(10) Bond insurance, debt service reserve insurance, letters of credit, or other credit enhancement.
(11) In the case of refunding or refinancing, payment of the principal of, redemption premiums (if any) for, and interest on the bonds being refunded or refinanced.
(c) To use money in its south shore improvement and development fund for a development project, the development authority or redevelopment commission must adopt a resolution under IC 36-7.5-3 setting forth the development authority's or redevelopment commission's approval of the development project.
As added by P.L.248-2017, SEC.10.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-24. Development Authority; Duty to Provide Information Concerning Employers and Retail Merchants in Transit Development District to Department of State Revenue

Sec. 24. (a) If a district is established, the development authority shall provide to the department and to each redevelopment commission with a tax allocation area included within the district the following:
(1) A certified copy of the resolution establishing the district.
(2) Street names and the range of street numbers of each street in the district.
(b) In addition, the development authority or redevelopment commission, in the case of a district located in a cash participant county, shall provide to the department, in an electronic format approved by the department, a complete list of the following:
(1) Employers that pay income or wages to individuals working in the district.
(2) Retail merchants with a responsibility to remit gross retail taxes in the district.
The development authority and redevelopment commission shall update the list before July 1 of each year.
As added by P.L.248-2017, SEC.10.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-25. Annual Reporting Requirement for Employers Operating in a Transit Development District

Sec. 25. (a) Employers operating in a district shall report annually, in the manner and in the form prescribed by the department, information that the department determines necessary to calculate the state income tax increment revenue and local income tax increment revenue.
(b) Upon request of the department, employers in the district shall provide the department with:
(1) the names and addresses of all persons employed by the employer in the district;
(2) information concerning the wages earned by the persons for work performed in the district; and
(3) any other information the department requires to administer this chapter.
(c) If an employer fails to report the information required by this section, the department shall use the best information available for calculating the local income tax increment revenue.
As added by P.L.248-2017, SEC.10.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-26. Annual Reporting Requirement for Retail Merchants Operating in a Transit Development District; Duty of Development Authority and Political Subdivisions to Provide Information

Sec. 26. (a) Retail merchants operating in the district shall report, in the manner and in the form prescribed by the department, information that the department determines necessary to calculate the gross retail tax base period amount or gross retail tax increment revenue.
(b) At the request of the department, the development authority and any political subdivision in which all or a part of the district is located shall disclose to the department the names of the retail merchants described in subsection (a) and such other information that may assist in the determination of the gross retail tax base period amount or gross retail tax increment revenue.
(c) At the request of the department, a political subdivision in which the district is located shall provide to the department information requested by the department concerning permits issued by the political subdivision to retail merchants operating within the corridor.
(d) If the department is unable to determine the extent to which taxes remitted by a retail merchant are gross retail tax increment revenue for purposes of this chapter, the department shall use the best information available in calculating the gross retail tax increment revenue.
As added by P.L.248-2017, SEC.10.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-27. Local Income Tax Increment Fund; Deposit of Local Income Tax Increment Revenue in an Account Within the Fund for Each Transit Development District

Sec. 27. (a) If a district is established, the treasurer of state shall establish a local income tax increment fund and an account for each district established under this chapter for deposit of local income tax increment revenue for that district.
(b) The funds shall be administered by the treasurer of state. Money in a fund does not revert to the state general fund at the end of a state fiscal year.
(c) The total amount of local income tax (IC 6-3.6) paid by:
(1) employees employed in a district with respect to wages earned for work performed in the district; and
(2) residents living in the district;
shall be deposited in the district's account within the local income tax increment fund. If an individual is a resident of one (1) district and is employed within another district, only the local income tax for the district in which the individual resides shall be deposited into the local income tax increment fund. For each district, the budget agency shall determine and transfer to the appropriate county account under IC 6-3.6-9 an amount equal to the local income tax base period amount for the district.
(d) The budget agency shall determine and transfer any amount of the local income tax increment revenue that will not be disbursed to the development authority or redevelopment commission to the appropriate county account under IC 6-3.6-9.
As added by P.L.248-2017, SEC.10. Amended by P.L.236-2023, SEC.195.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-29. Expenses; Liabilities; Obligations

Sec. 29. All expenses incurred in carrying out this chapter are payable solely from revenue received under this chapter or from the proceeds of the financial instruments issued by the development authority payable from revenues received under this chapter. A liability or obligation may not be incurred by the development authority that is greater than the revenue to be received under this chapter.
As added by P.L.248-2017, SEC.10.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-30. Chapter Broadly Construed

Sec. 30. (a) It is the intent of this chapter to identify all gross retail tax increment revenue collected within districts and state and local income tax increment revenue attributable to districts. This section shall be broadly construed by the department to achieve the purposes of this chapter.
(b) The department shall adopt guidelines to govern its responsibilities under this chapter.
As added by P.L.248-2017, SEC.10.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-31. Distribution of Remaining Money Upon Completion

Sec. 31. On the date that all financing obligations for a development project in a district established in a member county are no longer considered outstanding and all expenses incurred by the development authority in connection with the exercise of the development authority's duties and obligations set forth in this chapter have been paid, all money remaining in each district's account (or municipality's subaccount) in the south shore improvement and development fund shall be distributed to the redevelopment commission of the municipality in which each district is located, or to the municipality if a redevelopment commission does not exist.
As added by P.L.248-2017, SEC.10.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 4.5. Rail Transit Development Districts › 36-7.5-4.5-32. Covenants

Sec. 32. The general assembly covenants that this chapter will not be repealed or amended in a manner that will adversely affect the owners of the financial instruments issued under this chapter by the development authority or redevelopment commission.
As added by P.L.248-2017, SEC.10.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 6. Blighted Property Demolition Fund › 36-7.5-6-1. "Blighted"

Sec. 1. As used in this chapter, "blighted" means real property, including a building or structure on the real property, that is no longer in acceptable or beneficial condition to its community and has lost its value as a social good or economic commodity or its functional status as a livable space. The term includes a vacant lot.
As added by P.L.195-2023, SEC.6.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 6. Blighted Property Demolition Fund › 36-7.5-6-2. "Fund"

Sec. 2. As used in this chapter, "fund" refers to the blighted property demolition fund established by section 4 of this chapter.
As added by P.L.195-2023, SEC.6.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 6. Blighted Property Demolition Fund › 36-7.5-6-3. "Qualified Property"

Sec. 3. As used in this chapter, "qualified property" means commercial or residential real property, including a structure or building located on the real property, that:
(1) is the subject of an order for demolition and removal issued under IC 36-7-9-5(a)(6) or IC 36-7-9-5(a)(7);
(2) is:
(A) vacant or abandoned;
(B) blighted; or
(C) otherwise structurally damaged; and
(3) poses a public health or safety risk in the community, including by contributing to crime.
As added by P.L.195-2023, SEC.6.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 6. Blighted Property Demolition Fund › 36-7.5-6-4. Blighted Property Demolition Fund; Purpose; Administration

Sec. 4. (a) The blighted property demolition fund is established to provide grants to the city of Gary to demolish qualified properties.
(b) The fund consists of:
(1) appropriations from the general assembly;
(2) available federal funds;
(3) transfers of money under IC 4-33-13-2.5(b)(1);
(4) deposits required under section 5(a) and 5(b) of this chapter; and
(5) gifts, grants, donations, or other contributions from any other public or private source.
(c) The development authority shall administer the fund.
(d) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested.
(e) The money remaining in the fund at the end of a state fiscal year does not revert to the state general fund.
(f) Money in the fund is continuously appropriated for the purposes of this chapter.
As added by P.L.195-2023, SEC.6.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 6. Blighted Property Demolition Fund › 36-7.5-6-5. Deposits in the Fund; Reimbursement

Sec. 5. (a) In each state fiscal year beginning after June 30, 2023, the city of Gary shall transfer up to three million dollars ($3,000,000) to the development authority for deposit in the fund.
(b) In each state fiscal year beginning after June 30, 2023, and ending before July 1, 2025, the development authority shall deposit three million dollars ($3,000,000) in the fund from reserve amounts held by the development authority.
(c) After June 30, 2025, but not later than July 1, 2026, the development authority shall be reimbursed for all amounts deposited under subsection (b) using money in the fund. Budget committee review is not required for reimbursement under this subsection.
As added by P.L.195-2023, SEC.6.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 6. Blighted Property Demolition Fund › 36-7.5-6-6. Use of Money in the Fund

Sec. 6. (a) The development authority shall use the money in the fund to provide grants to the city of Gary for use in paying the reasonable and necessary costs associated with demolishing a qualified property located in the territory of a current or future transit development district or in the area surrounding the Gary Metro Center, including:
(1) demolition costs;
(2) permit fees;
(3) abatement of any hazardous materials;
(4) air monitoring at demolition sites;
(5) site grading; or
(6) replacement of damaged sidewalk, including any associated work.
(b) If the amount of money in the fund is greater than the amount needed for the purpose described in subsection (a), as determined by the development authority, the development authority may use money in the fund:
(1) to provide grants to the city of Gary for paying reasonable and necessary costs, as described in subsection (a), that are associated with demolishing a qualified property located in an area that is contiguous to the territory of a current or future transit development district; or
(2) for purposes of preliminary planning and design of the Gary Metro Center station revitalization project.
(c) Money in the fund may not be used for any of the following purposes:
(1) City administrative costs, including project management.
(2) Property acquisition or redevelopment.
As added by P.L.195-2023, SEC.6.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 6. Blighted Property Demolition Fund › 36-7.5-6-7. Application for Grants

Sec. 7. The city of Gary may apply to the development authority for a grant from the fund in the manner prescribed by the development authority. The city of Gary shall submit to the development authority any information that the development authority determines is necessary.
As added by P.L.195-2023, SEC.6.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 6. Blighted Property Demolition Fund › 36-7.5-6-8. Reports Concerning Work and Projects

Sec. 8. The city of Gary shall provide reports to the development authority concerning the work completed, a detailed accounting of projects, project milestones, and other relevant information. The development authority may determine the frequency of the reporting required under this section.
As added by P.L.195-2023, SEC.6.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 6. Blighted Property Demolition Fund › 36-7.5-6-9. Report to Budget Committee

Sec. 9. The development authority shall quarterly report to the budget committee on all uses of money in the fund, including grants provided and grant amounts.
As added by P.L.195-2023, SEC.6.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 7. Lake County Economic Development and Convention Fund › 36-7.5-7-1. "Commuter Transportation District"

Sec. 1. As used in this chapter, "commuter transportation district" means the northern Indiana commuter transportation district established under IC 8-5-15.
As added by P.L.195-2023, SEC.7.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 7. Lake County Economic Development and Convention Fund › 36-7.5-7-2. "Convention Center Authority"

Sec. 2. As used in this chapter, "convention center authority" refers to the Lake County convention center authority established under section 9 of this chapter.
As added by P.L.195-2023, SEC.7.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 7. Lake County Economic Development and Convention Fund › 36-7.5-7-3. "Convention Fund"

Sec. 3. As used in this chapter, "convention fund" means the Lake County economic development and convention fund established by section 5 of this chapter.
As added by P.L.195-2023, SEC.7.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 7. Lake County Economic Development and Convention Fund › 36-7.5-7-4. "Reserve Fund"

Sec. 4. As used in this chapter, "reserve fund" means the Lake County convention and event center reserve fund established by section 10 of this chapter.
As added by P.L.195-2023, SEC.7.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 7. Lake County Economic Development and Convention Fund › 36-7.5-7-5. Lake County Economic Development and Convention Fund; Deposits; Report to Budget Committee; Updated Feasibility Study

Sec. 5. (a) The Lake County economic development and convention fund is established. The fund shall be administered by the development authority.
(b) The convention fund consists of:
(1) deposits under IC 4-33-13-2.5(b)(2);
(2) deposits under subsection (c);
(3) appropriations to the fund;
(4) gifts, grants, loans, bond proceeds, and other money received for deposit in the fund; and
(5) other deposits or transfers of funds from local units located in Lake County.
(c) If a proposal is approved as provided under this chapter, each state fiscal year, beginning with the first state fiscal year that begins after the proposal is approved, the approved entity shall deposit up to five million dollars ($5,000,000) in the convention fund.
(d) The development authority shall administer money, including determining amounts to be used and the specific purposes, from the convention fund.
(e) Except as provided in section 8(d) of this chapter, the money remaining in the convention fund at the end of a state fiscal year does not revert to the state general fund.
(f) Money in the convention fund is continuously appropriated for the purposes of this chapter.
(g) Subject to budget committee review, but except as provided in subsection (i), the development authority may receive reimbursement for expenses incurred and a reasonable and customary amount for providing administrative services from money in the convention fund.
(h) The development authority shall quarterly report to the budget committee on all uses of money in the convention fund and the status of the convention and event center project.
(i) The development authority shall conduct an updated feasibility study related to a potential convention and event center located in Lake County. The development authority shall be reimbursed for the costs of obtaining the updated feasibility study from money in the fund. Budget committee review is not required for reimbursement under this subsection.
As added by P.L.195-2023, SEC.7.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 7. Lake County Economic Development and Convention Fund › 36-7.5-7-6. Use of Money in the Fund

Sec. 6. (a) Money in the convention fund may be used only for the following:
(1) To acquire, improve, prepare, modernize, construct, repair, demolish, and equip a convention center located in Lake County.
(2) To pay the principal and interest on any obligations, including bonds or leases and development costs, incurred by the development authority for the purpose of financing or refinancing the development of a convention center located in Lake County.
(3) To establish, augment, or restore a debt service reserve for obligations described in this subsection.
(4) If the development authority determines excess money exists in the convention fund, for improvements to the convention center and around the convention center.
(b) Money in the convention fund may not be used to pay operating expenses.
As added by P.L.195-2023, SEC.7.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 7. Lake County Economic Development and Convention Fund › 36-7.5-7-9. Establishment of Lake County Convention Center Authority; Appointment of Members; Terms

Sec. 9. (a) If a proposal is approved under section 8 of this chapter, following the approval of the proposal, the Lake County convention center authority is established for the purpose of holding an equal share of ownership of the Lake County convention and event center with the entity whose proposal is approved and for providing general oversight of the upkeep, improvements, and management team as outlined in the accepted proposal. Subject to subsection (e), the convention center authority consists of seven (7) members, appointed as follows:
(1) Three (3) members appointed by the entity whose proposal is approved under section 8 of this chapter.
(2) Three (3) members appointed by the Lake County board of commissioners.
(3) One (1) member appointed by the governor.
Individuals appointed to the convention center authority must have professional experience in commercial facility management.
(b) The term of office for a member of the board is two (2) years. The term begins July 1 of the year in which the member is appointed and ends on June 30 of the second year following the member's appointment. A member may be reappointed after the member's term has expired.
(c) A vacancy in membership must be filled in the same manner as the original appointment. Appointments made to fill a vacancy that occurs before the expiration of a term are for the remainder of the unexpired term.
(d) The member appointed under subsection (a)(3) shall serve as the chairperson of the convention center authority. The convention center authority shall meet at the call of the chairperson.
(e) An individual may not be appointed to the convention center authority if the individual is a party to a contract or agreement with the entity whose proposal is approved, is employed by the entity whose proposal is approved, or otherwise has a direct or indirect financial interest in the entity whose proposal is approved under this chapter.
As added by P.L.195-2023, SEC.7.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 7. Lake County Economic Development and Convention Fund › 36-7.5-7-10. Lake County Convention and Event Center Reserve Fund; Administration

Sec. 10. (a) A local county fund known as the Lake County convention and event center reserve fund is established to pay for:
(1) additions;
(2) refurbishment; and
(3) budget shortfalls or other unusual costs;
of a convention and event center that is constructed using money from the convention fund under this chapter.
(b) The reserve fund consists of:
(1) transfers under IC 6-9-2-1.5(c); and
(2) gifts, grants, donations, or other contributions from any other public or private source.
(c) The convention center authority shall administer the reserve fund.
As added by P.L.195-2023, SEC.7.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 7. Lake County Economic Development and Convention Fund › 36-7.5-7-11. Goals for the Participation of Minority Business Enterprises and Women's Business Enterprises; Hiring

Sec. 11. (a) With respect to projects undertaken by the development authority under this chapter, the development 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 development authority shall take into account historical precedents in the same market.
(b) In addition to the provisions of subsection (a), with respect to construction and demolition projects undertaken by the development authority under this chapter, the development authority shall set a goal for hiring at least twenty percent (20%) of employees from local units:
(1) located within the boundaries of the development authority; and
(2) with an unemployment rate that exceeds the statewide unemployment rate by more than twenty percent (20%).
As added by P.L.195-2023, SEC.7.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 8. Gary Metro Center Station Revitalization Fund › 36-7.5-8-1. "Board"

Sec. 1. As used in this chapter, "board" refers to the Gary Metro Center station revitalization project board established by section 6 of this chapter.
As added by P.L.195-2023, SEC.8.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 8. Gary Metro Center Station Revitalization Fund › 36-7.5-8-2. "Fund"

Sec. 2. As used in this chapter, "fund" refers to the Gary Metro Center station revitalization fund established by section 3 of this chapter.
As added by P.L.195-2023, SEC.8.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 8. Gary Metro Center Station Revitalization Fund › 36-7.5-8-3. Gary Metro Center Station Revitalization Fund; Administration

Sec. 3. (a) The Gary Metro Center station revitalization fund is established to provide funding for the Gary Metro Center station revitalization project.
(b) The fund consists of:
(1) appropriations from the general assembly;
(2) available federal funds;
(3) transfers of money under IC 4-33-13-2.5(b)(3);
(4) deposits required under section 4 of this chapter; and
(5) gifts, grants, donations, or other contributions from any other public or private source.
(c) The development authority shall administer the fund.
(d) The money remaining in the fund at the end of a state fiscal year does not revert to the state general fund.
(e) Money in the fund is continuously appropriated for the purposes of this chapter.
(f) Subject to budget committee review, the development authority may receive reimbursement for expenses incurred and a reasonable and customary amount for providing administrative services from money in the fund.
As added by P.L.195-2023, SEC.8.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 8. Gary Metro Center Station Revitalization Fund › 36-7.5-8-4. Deposits in the Fund; Federal Funding

Sec. 4. (a) In each state fiscal year beginning after June 30, 2025, the city of Gary shall transfer up to three million dollars ($3,000,000) to the development authority for deposit in the fund, in order to obtain state matching grants and the issuance of bonds for the Gary Metro Center station revitalization project. The city of Gary may enter into an agreement with the licensed owner operating a riverboat sited at a location approved under IC 4-33-6-4.5 for a term of twenty-five (25) years, for contributions of up to three million dollars ($3,000,000), in order to obtain state matching grants.
(b) The city of Gary and the development authority shall apply for all available federal grants to defer the cost of construction for the Gary Metro Center station revitalization project.
(c) The northern Indiana commuter transportation district established under IC 8-5-15 shall pursue federal funding for the purposes of modernizing the Gary metro train platform.
As added by P.L.195-2023, SEC.8.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 8. Gary Metro Center Station Revitalization Fund › 36-7.5-8-5. Use of Money in the Fund

Sec. 5. (a) The development authority shall use the money in the fund for planning costs, design costs, engineering costs, and architectural costs, and to provide matching funds needed for federal matching grants for the demolition and reconstruction of the Gary Metro Center station. The development authority shall reconstruct the Gary Metro Center station and coordinate among the several transit authorities, the city of Gary, and the federal government in accomplishing the replacement of the facility.
(b) If the amount of money in the fund is greater than the amount needed for the purposes described in subsection (a), as determined by the development authority, the development authority may use money in the fund:
(1) to provide grants to the city of Gary for paying reasonable and necessary costs associated with demolishing a qualified property (as defined in IC 36-7.5-6-3) located in an area that is contiguous to the territory of a current or future transit development district;
(2) for purposes of revitalizing property contiguous to the territory of a current or future transit development district;
(3) for other costs related to expansion of the Gary Metro Center station; and
(4) for purposes of paying expenses for enhancing public safety in the area immediately surrounding the Gary Metro Center station and within the established transit development district.
As added by P.L.195-2023, SEC.8.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 8. Gary Metro Center Station Revitalization Fund › 36-7.5-8-6. Gary Metro Center Station Revitalization Project Board; Appointment of Members; Ownership

Sec. 6. (a) The Gary Metro Center station revitalization project board is established.
(b) Subject to subsection (f), the board consists of the following seven (7) members:
(1) Three (3) members appointed by the executive of the city of Gary.
(2) Three (3) members appointed by the development authority.
(3) One (1) member appointed by the governor.
Individuals appointed to the board must have professional experience in commercial facility management.
(c) Ownership of the Gary Metro Center station shall be held by the board.
(d) The board shall provide oversight of the ongoing maintenance and operation of the Gary Metro Center station.
(e) The member appointed under subsection (b)(3) shall serve as the chairperson of the board. The board shall meet at the call of the chairperson.
(f) An individual may not be appointed to the board if the individual is a party to a contract or agreement with an entity involved in the reconstruction of the Gary Metro Center station, is employed by an entity involved in the reconstruction of the Gary Metro Center station, or otherwise has a direct or indirect financial interest in an entity involved in the reconstruction of the Gary Metro Center station.
As added by P.L.195-2023, SEC.8.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 8. Gary Metro Center Station Revitalization Fund › 36-7.5-8-7. Member Terms

Sec. 7. (a) The term of office for a member of the board is two (2) years. The term begins July 1 of the year in which the member is appointed and ends on June 30 of the second year following the member's appointment. A member may be reappointed after the member's term has expired.
(b) A vacancy in membership must be filled in the same manner as the original appointment. Appointments made to fill a vacancy that occurs before the expiration of a term are for the remainder of the unexpired term.
As added by P.L.195-2023, SEC.8.
2023 Indiana Code › Title 36. Local Government › Article 7.5. Northwest Indiana Regional Development Authority › Chapter 8. Gary Metro Center Station Revitalization Fund › 36-7.5-8-8. Report to Budget Committee

Sec. 8. The development authority shall quarterly report to the budget committee on all uses of money in the fund, including grants provided and grant amounts.
As added by P.L.195-2023, SEC.8.
2023 Indiana Code › Title 36. Local Government › Article 7.6. Regional Development Authorities › Chapter 1. Definitions › 36-7.6-1-3. "Airport Authority Project"

Sec. 3. "Airport authority project" means a project that can be financed with the proceeds of bonds issued by an airport authority under IC 8-22-3.
As added by P.L.232-2007, SEC.7.
2023 Indiana Code › Title 36. Local Government › Article 7.6. Regional Development Authorities › Chapter 1. Definitions › 36-7.6-1-6. "Commuter Transportation District Project"

Sec. 6. "Commuter transportation district project" means a project that can be financed with the proceeds of bonds issued by a commuter transportation district under IC 8-5-15.
As added by P.L.232-2007, SEC.7.
2023 Indiana Code › Title 36. Local Government › Article 7.6. Regional Development Authorities › Chapter 1. Definitions › 36-7.6-1-10. "Economic Development Project"

Sec. 10. "Economic development project" means an economic development project described in IC 6-3.6-2-8.
As added by P.L.232-2007, SEC.7. Amended by P.L.197-2016, SEC.144.
2023 Indiana Code › Title 36. Local Government › Article 7.6. Regional Development Authorities › Chapter 1. Definitions › 36-7.6-1-11. "Eligible Political Subdivision"

Sec. 11. "Eligible political subdivision" means any of the following:
(1) A county.
(2) A municipality.
(3) An airport authority.
(4) A commuter transportation district.
(5) A regional transportation authority.
As added by P.L.232-2007, SEC.7.