Indiana Code — Title 6 (Taxation)
IC 6-1.1-39-8
Expiration of district designation
Sec. 8. If no loans have been made to a unit under IC 4-4-8 (before its repeal) or
IC 5-28-9 for the financing of industrial development programs in an economic development district within two (2) years from the date of the ordinance confirming the establishment of that district, or if money in the special fund established by the unit for that district is sufficient to pay all principal of and interest on and the performance of all other obligations by a unit on all loans made under IC 4-4-8 (before its repeal) or IC 5-28-9 for the financing of industrial development programs in, or serving, an economic development district, then the economic development district designation expires.
As added by P.L.19-1985, SEC.5. Amended by P.L.24-1987, SEC.17; P.L.19-1988, SEC.6;
P.L.4-2005, SEC.47.
Amendment history
As added by P.L.19-1985, SEC.5. Amended by P.L.24-1987, SEC.17; P.L.19-1988, SEC.6; P.L.4-2005, SEC.47.
Source: view the official text
Nearby sections (25 sections)
- 6-1.1-39-1.1 · "Additional area"
- 6-1.1-39-1.2 · "Local public improvement"
- 6-1.1-39-1.5 · "Industrial development program"
- 6-1.1-39-1.6 · "Qualified industrial development project"
- 6-1.1-39-2 · Designation of unit area as district; adoption of…
- 6-1.1-39-2.5 · Review of proposed project; preliminary certification
- 6-1.1-39-3 · Notice of adoption of ordinance; hearing; requisites; final
- 6-1.1-39-4 · Appellate procedure; grounds; burden of proof
- 6-1.1-39-5 · Allocation and distribution of property taxes; assessed…
- 6-1.1-39-5.7 · Limitation on renewal or extension of existing…
- 6-1.1-39-6 · Enlargement of districts
- 6-1.1-39-7 · Allocation areas; declaration as part of district…
- 6-1.1-39-8 · Expiration of district designation
- 6-1.1-39-9 · Industrial development program obligations; ordinance;
- 6-1.1-39-10 · Authorization to enter into an agreement with a taxpayer…
- 6-1.1-40-1 · "Commission"
- 6-1.1-40-1.5 · "Affiliate"
- 6-1.1-40-2 · "District"
- 6-1.1-40-3 · Repealed
- 6-1.1-40-4 · "New manufacturing equipment"
- 6-1.1-40-5 · "Redevelopment"
- 6-1.1-40-6 · "Rehabilitation"
- 6-1.1-40-7 · Designation as district
- 6-1.1-40-8 · Description of district; resolution; remonstrance; appeal
- 6-1.1-40-9 · Manufacturing equipment; statement of benefits; review;