Sec. 1. As used in this chapter, "authority" refers to a state institution reuse authority established under this chapter.
As added by P.L.89-2004, SEC.1.
Sec. 3. As used in this chapter, "state institution" has the meaning set forth in IC 12-7-2.1-318.
As added by P.L.89-2004, SEC.1. Amended by P.L.145-2026, SEC.250.
Ind. Code § 36-7-33-4 Establishment of authority to develop, manage, and plan for use of property transferred to municipality
Sec. 4. The legislative body of a municipality may adopt an ordinance to establish an authority to develop, manage, and plan for the use of property transferred by the state to the municipality.
As added by P.L.89-2004, SEC.1.
Sec. 5. An ordinance adopted under this chapter must provide for the following:
(1) A board to govern the authority. The ordinance must provide for the following details regarding the board:
(A) The number of members.
(B) The manner of the appointment of the members.
(C) The term of office of board members. The term of office of a board member may not exceed four (4) years.
(D) The rules for the board's governance.
(2) The authority's and the board's powers and duties. The ordinance may not provide that the authority or the board has a power or duty that the municipality itself does not have.
As added by P.L.89-2004, SEC.1.
Sec. 6. Subject to section 5 of this chapter, an authority and the authority's board have the powers and duties set forth in the ordinance that establishes the authority.
As added by P.L.89-2004, SEC.1.