Ind. Code § 36-7.5-8-1 "Board"
Sec. 1. As used in this chapter, "board" refers to the Gary Metro Center station revitalization project board established by section 6 of this chapter.
As added by P.L.195-2023, SEC.8.
Ind. Code ch. 36-7.5-8
Ind. Code ch. 36-7.5-8
in effectInd. Code § 36-7.5-8-2 "Fund"
Sec. 2. As used in this chapter, "fund" refers to the Gary Metro Center station revitalization fund established by section 3 of this chapter.
As added by P.L.195-2023, SEC.8.
Ind. Code § 36-7.5-8-3 Gary Metro Center station revitalization fund; administration
Sec. 3. (a) The Gary Metro Center station revitalization fund is established to provide funding for the Gary Metro Center station revitalization project.
(b) The fund consists of:
(1) appropriations from the general assembly;
(2) available federal funds;
(3) transfers of money under IC 4-33-13-5(a)(3)(C);
(4) deposits required under section 4 of this chapter; and
(5) gifts, grants, donations, or other contributions from any other public or private source.
(c) The development authority shall administer the fund.
(d) The money remaining in the fund at the end of a state fiscal year does not revert to the state general fund.
(e) Money in the fund is continuously appropriated for the purposes of this chapter.
(f) Subject to budget committee review, the development authority may receive reimbursement for expenses incurred and a reasonable and customary amount for providing administrative services from money in the fund.
As added by P.L.195-2023, SEC.8. Amended by P.L.157-2026, SEC.270.
Ind. Code § 36-7.5-8-4 Deposits in the fund; federal funding
Sec. 4. (a) In each state fiscal year beginning after June 30, 2025, the city of Gary shall transfer up to three million dollars ($3,000,000) to the development authority for deposit in the fund, in order to obtain state matching grants and the issuance of bonds for the Gary Metro Center station revitalization project. The city of Gary may enter into an agreement with the licensed owner operating a riverboat sited at a location approved under IC 4-33-6-4.5 for a term of twenty-five (25) years, for contributions of up to three million dollars ($3,000,000), in order to obtain state matching grants.
(b) The city of Gary and the development authority shall apply for all available federal grants to defer the cost of construction for the Gary Metro Center station revitalization project.
(c) The northern Indiana commuter transportation district established under IC 8-5-15 shall pursue federal funding for the purposes of modernizing the Gary metro train platform.
As added by P.L.195-2023, SEC.8.
Ind. Code § 36-7.5-8-5 Use of money in the fund
Sec. 5. (a) The development authority shall use the money in the fund for planning costs, design costs, engineering costs, and architectural costs, and to provide matching funds needed for federal matching grants for the demolition and reconstruction of the Gary Metro Center station. The development authority shall reconstruct the Gary Metro Center station and coordinate among the several transit authorities, the city of Gary, and the federal government in accomplishing the replacement of the facility.
(b) If the amount of money in the fund is greater than the amount needed for the purposes described in subsection (a), as determined by the development authority, the development authority may use money in the fund:
(1) to provide grants to the city of Gary for paying reasonable and necessary costs associated with demolishing a qualified property (as defined in IC 36-7.5-6-3) located in an area that is contiguous to the territory of a current or future transit development district;
(2) for purposes of revitalizing property contiguous to the territory of a current or future transit development district;
(3) for other costs related to expansion of the Gary Metro Center station; and
(4) for purposes of paying expenses for enhancing public safety in the area immediately surrounding the Gary Metro Center station and within the established transit development district.
As added by P.L.195-2023, SEC.8.
Ind. Code § 36-7.5-8-6 Gary Metro Center station revitalization project board; appointment of members; ownership
Sec. 6. (a) The Gary Metro Center station revitalization project board is established.
(b) Subject to subsection (f), the board consists of the following seven (7) members:
(1) Three (3) members appointed by the executive of the city of Gary.
(2) Three (3) members appointed by the development authority.
(3) One (1) member appointed by the governor.
Individuals appointed to the board must have professional experience in commercial facility management.
(c) Ownership of the Gary Metro Center station shall be held by the board.
(d) The board shall provide oversight of the ongoing maintenance and operation of the Gary Metro Center station.
(e) The member appointed under subsection (b)(3) shall serve as the chairperson of the board. The board shall meet at the call of the chairperson.
(f) An individual may not be appointed to the board if the individual is a party to a contract or agreement with an entity involved in the reconstruction of the Gary Metro Center station, is employed by an entity involved in the reconstruction of the Gary Metro Center station, or otherwise has a direct or indirect financial interest in an entity involved in the reconstruction of the Gary Metro Center station.
As added by P.L.195-2023, SEC.8.
Ind. Code § 36-7.5-8-7 Member terms
Sec. 7. (a) The term of office for a member of the board is two (2) years. The term begins July 1 of the year in which the member is appointed and ends on June 30 of the second year following the member's appointment. A member may be reappointed after the member's term has expired.
(b) A vacancy in membership must be filled in the same manner as the original appointment. Appointments made to fill a vacancy that occurs before the expiration of a term are for the remainder of the unexpired term.
As added by P.L.195-2023, SEC.8.
Ind. Code § 36-7.5-8-8 Report to budget committee
Sec. 8. The development authority shall quarterly report to the budget committee on all uses of money in the fund, including grants provided and grant amounts.
As added by P.L.195-2023, SEC.8.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026