Sec. 3.7. (a) As used in this section, “commission” refers to a historic hotel preservation commission established by an interlocal agreement under section 3 of this chapter (before its repeal).

     (b) As used in this section, “local development agreement” refers to the local development agreement:

(1) entered into by:

(A) the town of French Lick;

(B) the town of West Baden Springs;

(C) Orange County;

(D) the commission; and

(E) Blue Sky Casino, LLC; and

(2) dated July 28, 2005.

     (c) Notwithstanding any other law, the commission is abolished on July 1, 2007.

     (d) Notwithstanding any other law, the term of office of a member of the commission serving on June 30, 2007, terminates July 1, 2007.

     (e) Any balance remaining on June 30, 2007, in the community trust fund established under section 8 of this chapter (before its repeal) is transferred to the Orange County development commission established by section 3.5 of this chapter.

     (f) On July 1, 2007, all records and property of the commission are transferred to the Orange County development commission established by section 3.5 of this chapter.

     (g) Except as provided in subsection (h), an unfulfilled financial commitment made by the commission is void on July 1, 2007.

     (h) The Orange County development commission shall assume the commission’s commitments to the French Lick Municipal Airport.

     (i) Any part of a local development agreement that requires a town to make payments to a county is void on July 1, 2007.

     (j) P.L.234-2007 does not affect the validity of a historic hotel district established in Orange County before January 1, 2007, under section 2 of this chapter.

As added by P.L.220-2011, SEC.663.