Statutes, codes, and regulations
Indiana Code
Title 5 - STATE AND LOCAL ADMINISTRATIONArticle 1 - BONDS AND OTHER OBLIGATIONS
Chapter 17.5 - MOTORSPORTS INVESTMENT DISTRICT
Section 5-1-17.5-28 - Budget committee review; approval by budget agency; required findings before resolution may be approved

Ind. Code § 5-1-17.5-28

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Current through P.L. 171-2024
Section 5-1-17.5-28 - Budget committee review; approval by budget agency; required findings before resolution may be approved

The budget agency, after review by the budget committee, shall approve the resolution establishing the motorsports investment district if the budget agency finds that the improvements to be made within the qualified motorsports facility are economically sound and will benefit the people of Indiana by protecting or increasing state and local tax bases and tax revenues for at least the duration of the motorsports investment district.

IC 5-1-17.5-28

Added by P.L. 233-2013, SEC. 5, eff. 5/10/2013.