Ind. Code ch. 36-7.7-6

Ind. Code § 36-7.7-6-1 Regional strategy fund

Sec. 1. (a) A strategy committee shall establish and administer a regional strategy fund. (b) A regional strategy fund consists of the following: (1) Any payments required under an interlocal agreement for a project that specifically states: (A) the amount for which each member is responsible; and (B) the term of the agreement. The transfers allowed by this subdivision may be made from any local revenue of the county or municipality, including property tax revenue, distributions, incentive payments, money deposited in the county's or municipality's local major moves construction fund under IC 8-14-16, money received by the county or municipality under a development agreement (as defined by IC 36-1-8-9.5), or any other local revenue that is not otherwise restricted by law or committed for the payment of other obligations. (2) Money received from the federal government. (3) Gifts, contributions, donations, and private grants made to the fund. (4) Money transferred to the development authority under an interlocal agreement. As added by P.L.83-2020, SEC.2.

Ind. Code § 36-7.7-6-2 Agreements with an eligible political subdivision

Sec. 2. A development authority and an eligible political subdivision may enter into common wall (party wall) agreements or other agreements concerning easements or licenses. These agreements shall be recorded with the recorder of the county in which the project is located. As added by P.L.83-2020, SEC.2.

Ind. Code § 36-7.7-6-3 Tax exemption

Sec. 3. (a) All: (1) property owned by a development authority; and (2) revenue of a development authority; are exempt from taxation in Indiana for all purposes except the financial institutions tax imposed under IC 6-5.5. (b) All securities issued under this chapter are exempt from the registration requirements of IC 23-19 and other securities registration statutes. As added by P.L.83-2020, SEC.2.