Indiana Code 5-1-17.5-28. Budget committee review; approval by budget agency; required findings before resolution may be approved
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Terms Used In Indiana Code 5-1-17.5-28
- budget agency: means the budget agency established by IC 4-12-1-3. See Indiana Code 5-1-17.5-7
- budget committee: means the budget committee established by IC 4-12-1-3. See Indiana Code 5-1-17.5-8
- motorsports investment district: means the geographic area established as a motorsports investment district under this chapter. See Indiana Code 5-1-17.5-11
- qualified motorsports facility: means a facility that:
Indiana Code 5-1-17.5-14
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.