Sec. 17. (a) Any political subdivision receiving an economic development payment shall annually report the following information to the department of local government finance:

(1) The total amount of economic development payments received in the previous state fiscal year.

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Terms Used In Indiana Code 4-33-23-17

  • economic development payment: means monetary disbursement paid under a development agreement that is:

    Indiana Code 4-33-23-4

  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(2) The balance of the fund in which the political subdivision deposited the economic development payments under section 13 of this chapter as of the end of the previous state fiscal year.

     (b) A political subdivision shall submit the report required by subsection (a) to the department of local government finance before October 1 of each year.

     (c) The department of local government finance shall make the report available electronically through the Indiana transparency Internet web site established under IC 5-14-3.7.

As added by P.L.229-2013, SEC.25.