Indiana Code 36-7.5-2-1. Establishment; purposes
(1) acquiring, constructing, equipping, owning, leasing, and financing projects and facilities for lease to or for the benefit of eligible political subdivisions under this article in accordance with IC 36-7.5-3-1.5;
Terms Used In Indiana Code 36-7.5-2-1
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Verified: when applied to pleadings, means supported by oath or affirmation in writing. See Indiana Code 1-1-4-5
(3) assisting with the funding of infrastructure needed to sustain development of an intermodal facility in northwestern Indiana;
(4) funding and developing regional transportation infrastructure projects under IC 36-9-43; and
(5) studying and evaluating destination based economic development projects that have:
(A) an identified market;
(B) identified funding sources and these funding sources include at least fifty percent (50%) from nongovernmental sources; and
(C) a demonstrable short and long term local and regional economic impact, as verified by an independent economic analysis.
An economic analysis conducted under clause (C) must be submitted to the budget committee at least thirty (30) days before review is sought for the project under IC 36-7.5-3-1.5.
As added by P.L.214-2005, SEC.73. Amended by P.L.47-2006, SEC.54; P.L.197-2011, SEC.150; P.L.192-2015, SEC.9; P.L.204-2016, SEC.37; P.L.229-2017, SEC.37; P.L.114-2022, SEC.36.
Indiana Code 36-7-5.2-1. Limited federal preemption
As added by P.L.109-2003, SEC.1.