Sec. 11.5. (a) As used in this section, “economic development project” has the meaning set forth in IC 6-3.6-2-8. The term also includes any project related to transportation services, transportation infrastructure, or the development or construction of a hotel or other tourism destination.

     (b) An entity entering into an agreement under this chapter that is related to an economic development project may do any of the following to carry out the agreement:

Terms Used In Indiana Code 36-1-7-11.5

  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Property: includes personal and real property. See Indiana Code 1-1-4-5
(1) After appropriation by the entity’s fiscal body, transfer money derived from any source to any of the following:

(A) One (1) or more entities that have entered into the agreement.

(B) An economic development entity (as defined in section 15 of this chapter) established by an entity that has entered into the agreement.

(C) A regional development authority, including the northwest Indiana regional development authority established by IC 36-7.5-2-1.

(D) A regional transportation authority including the regional bus authority established under IC 36-9-3-2(c).

(2) Transfer any property or provide personnel, services, or facilities to any entity or authority described in subdivision (1)(A) through (1)(D).

As added by P.L.169-2006, SEC.45. Amended by P.L.197-2016, SEC.119.

  Previous section
Next section  
 Chapter 7 Contents