Sec. 9. (a) The fiscal body of a municipality located in a county may adopt an ordinance establishing a property maintenance area to provide certification of qualified expenditures on property in the property maintenance area. The ordinance shall be referred to as a PMA ordinance. The boundaries of a property maintenance area may not exceed five percent (5%) of the total land area of the municipality. The property maintenance area established under this section must be either:

(1) a residentially distressed area; or

Terms Used In Indiana Code 36-7-35-9

  • PMA certification: means a certification provided under section 9 of this chapter for qualified expenditures made on property in a property maintenance area. See Indiana Code 36-7-35-3
  • PMA ordinance: means an ordinance adopted by the fiscal body of a municipality under section 9 of this chapter. See Indiana Code 36-7-35-4
  • property: means a building or structure:

    Indiana Code 36-7-35-5

  • property maintenance area: means an area established by a municipality under section 9 of this chapter. See Indiana Code 36-7-35-6
  • residentially distressed area: means an area:

    Indiana Code 36-7-35-8

(2) an area:

(A) that contains the types of property listed or defined in the PMA ordinance; and

(B) where the median assessed value of each type of property under clause (A) within the property maintenance area does not exceed the median assessed value for that type of property throughout the municipality.

     (b) A municipality that adopts a PMA ordinance may provide grants to individuals who receive a PMA certification under this chapter. The amount of a grant provided under this subsection may not exceed the lesser of:

(1) fifty percent (50%) of the qualified expenditures certified in the PMA certification; or

(2) one thousand five hundred dollars ($1,500).

As added by P.L.144-2008, SEC.47.

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