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Indiana Code — Title 6 (Taxation)

IC 6-9-26-13

Disbursements; resolution and findings; restrictions on use

Official textiga.in.govlast amended

Sec. 13. (a) Before disbursing money from the fund established under section 11 of this chapter for an economic development project under section 12.5(b)(2)(A), 12.5(c)(3), or 12.5(d)(2) of this chapter, the county fiscal body must adopt a resolution that contains the following:

# (1)

A written finding that the project will do all of the following:

# (A)

Attract new business enterprises to the county or retain or expand existing business enterprises in the county.

# (B)

Benefit the public health and welfare and be of public utility and benefit.

# (C)

Protect and increase state and local tax bases or revenues.

# (D)

Result in a substantial increase in temporary and permanent employment opportunities and private sector investment within the county.

# (2)

The amounts to be disbursed from the fund for each economic development project.

# (3)

The date of the disbursement.

(b) The county fiscal body may impose restrictions on the use of the funds as a condition of the disbursement by including the restrictions in the resolution adopted under subsection (a).
As added by P.L.74-1988, SEC.2. Amended by P.L.51-1992, SEC.3.

Amendment history

As added by P.L.74-1988, SEC.2. Amended by P.L.51-1992, SEC.3.

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Nearby sections (25 sections)
  1. 6-9-26-2 · Definitions
  2. 6-9-26-3 · Rate of tax; ordinance
  3. 6-9-26-4 · Copy of ordinance
  4. 6-9-26-5 · Effective date and application of ordinance
  5. 6-9-26-6 · Application of tax
  6. 6-9-26-7 · Food served off-premises, in heated state, or with eating
  7. 6-9-26-8 · Exemptions
  8. 6-9-26-9 · Collection; returns
  9. 6-9-26-10 · Receipt of taxes
  10. 6-9-26-11 · Economic development project fund; establishment; deposits
  11. 6-9-26-12 · Use of funds
  12. 6-9-26-12.5 · Transfer of funds; use
  13. 6-9-26-13 · Disbursements; resolution and findings; restrictions on use
  14. 6-9-26-14 · Repeal of ordinance
  15. 6-9-26-15 · Pledge of funds to finance obligations
  16. 6-9-26-16 · Repeal of ordinance; effective date; copy
  17. 6-9-26-17 · Expiration of chapter
  18. 6-9-27-1 · Application of chapter
  19. 6-9-27-2 · Definitions
  20. 6-9-27-3 · Adoption of ordinance
  21. 6-9-27-4 · Transactions; application of tax
  22. 6-9-27-5 · Amount; increase ordinance
  23. 6-9-27-5.5 · Certified copy of increase ordinance; application of…
  24. 6-9-27-6 · Imposition, payment, and collection; returns
  25. 6-9-27-7 · Payments to municipal fiscal officer
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