Ind. Code § 36-7-31.3-20

Current through P.L. 171-2024

Section 36-7-31.3-20 - Repayments to fund

The designating body shall repay to the professional sports development area fund any amount that is distributed to the designating body and used for:

(1) a purpose that is not described in this chapter; or

(2) a facility or facility site other than the facility and facility site to which covered taxes are designated under the resolution described in section 10 of this chapter.

The department shall distribute the covered taxes repaid to the professional sports development area fund under this section proportionately to the funds and the political subdivisions that would have received the covered taxes if the covered taxes had not been allocated to the tax area under this chapter.

IC 36-7-31.3-20

As added by P.L. 255-1997 (ss), SEC.20. Amended by P.L. 178-2002, SEC.132.