Current through P.L. 171-2024
Section 5-28-26-19 - Establishment of regional economic development fund; permitted uses(a) The district shall establish a regional economic development fund.(b) The fund consists of: (1) revenues received under section 16 of this chapter;(2) property taxes allocated to the district under section 17 of this chapter; and(3) any other funds made available to the district for the purposes of economic development within a global commerce center.(c) Money in the fund may be used to: (1) provide rent subsidies to businesses locating in the global commerce center; and(2) maintain, improve, and expand economic development projects located in a global commerce center and the surrounding communities.As added by P.L. 203-2005, SEC.2.