Indiana Code 36-7-26-3. “Adjustment factor” defined
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Terms Used In Indiana Code 36-7-26-3
- adjustment factor: means the amount, stated as a percentage, that the board determines under section 22 of this chapter should be applied in determining the district's net increment. See Indiana Code 36-7-26-3
- board: refers to the state board of finance created in Indiana Code 36-7-26-5
- district: refers to an economic development project district established under this chapter. See Indiana Code 36-7-26-8
- net increment: means , for a particular state fiscal year, the product of:
Indiana Code 36-7-26-12
Sec. 3. As used in this chapter, “adjustment factor” means the amount, stated as a percentage, that the board determines under section 22 of this chapter should be applied in determining the district‘s net increment. However, the adjustment factor may not exceed eighty percent (80%).
As added by P.L.35-1990, SEC.63.