Indiana Code 36-7-15.5-15. Districts on which development initiated between November 1, 1985, and June 30, 1988; payment of assessments
Current as of: 2023 | Check for updates
|
Other versions
Sec. 15. (a) This section applies to a parcel in an improvement and maintenance district on which development is initiated between November 1, 1985, and June 30, 1988, in accordance with a project agreement executed before June 30, 1988, under IC 36-7-15.1 that provides a maximum limitation on the amount of the special benefit assessment that the owner will be obligated to pay.
(b) For those parcels, the department may pay each year to the fund the amount by which the assessment amount on the parcel exceeds the maximum assessment amount specified in the project agreement.
As added by P.L.194-1988, SEC.1.
Terms Used In Indiana Code 36-7-15.5-15
- department: refers to the department of metropolitan development of the city, subject to IC 36-3-4-23. See Indiana Code 36-7-15.5-3
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5