Ind. Code § 5-28-26-19

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.

IC 5-28-26-19

As added by P.L. 203-2005, SEC.2.