Indiana Code 36-7-31-13. Approval of resolution by budget agency
(b) When considering a resolution with respect to a tax area change described in section 11(a)(1) of this chapter, the budget committee and the budget agency must make the following findings:
Terms Used In Indiana Code 36-7-31-13
- budget agency: means the budget agency established by IC 4-12-1. See Indiana Code 36-7-31-2
- budget committee: has the meaning set forth in IC 4-12-1-3. See Indiana Code 36-7-31-3
- capital improvement board: refers to the capital improvement board of managers established by IC 36-10-9-3. See Indiana Code 36-7-31-4
- covered taxes: means the following:
Indiana Code 36-7-31-6
- tax area: means a geographic area established by a commission as a professional sports development area under section 14 of this chapter. See Indiana Code 36-7-31-8
(2) The project specified in the resolution is 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 tax area established under this chapter.
(3) The political subdivisions affected by the project specified in the resolution have committed significant resources towards completion of the improvement.
(c) When considering a resolution with respect to a tax area change described in section 11(a)(2) of this chapter, the budget committee and the budget agency must make the following findings:
(1) That the facility or complex of facilities described in section 10(b)(3) and 10(c) of this chapter will provide accommodations and significant meeting and convention space that directly enhance events and that are located in convenient proximity to capital improvements that are owned, leased, or operated by the capital improvement board.
(2) That the facility or complex of facilities in the tax area and the capital improvements that are owned, leased, or operated by the capital improvement board are integrally related to enhancing the convention opportunities that directly affect the success of both the facilities and capital improvements.
(3) That the facility or complex of facilities specified in the resolution will benefit the people of Indiana by providing the opportunity for the capital improvement board to hold events that would not otherwise be possible.
(4) That the facility or complex of facilities specified in the resolution will protect or increase state and local tax bases and tax revenues.
(5) That covered taxes, an innkeeper’s tax under IC 6-9-8, or an admissions tax under IC 6-9-13 will not be used to finance or construct or in any way subsidize the construction of meeting or ballroom space that is:
(A) located within the footprint of a privately owned hotel; or
(B) that will be operated, maintained, or otherwise controlled by a privately owned hotel.
(d) Revenues from the tax area may not be allocated until the budget agency approves the resolution.
As added by P.L.255-1997(ss), SEC.19. Amended by P.L.182-2009(ss), SEC.411; P.L.109-2019, SEC.11.