Title 36, LOCAL GOVERNMENT

Sec. 10. (a) A unit may apply to the office for designation of all or part of the territory within the jurisdiction of the unit's redevelopment commission as a certified technology park and to enter into an agreement governing the terms and conditions of the designation. The appl…

Sec. 11. (a) After receipt of an application under section 10 of this chapter, and subject to subsection (b), the office may designate a certified technology park if the office determines that the application demonstrates a firm commitment from at least one (1) business engaged i…

Sec. 11.5. (a) If the office desires to designate a certified technology park under this chapter, the office shall submit its proposed designation to the budget committee for review and recommendation to the budget agency. The budget committee shall meet not later than sixty (60)…

Sec. 12. A redevelopment commission and the legislative body of the unit that established the redevelopment commission may enter into an agreement with the office establishing the terms and conditions governing a certified technology park designated under section 11 of this chapt…

Sec. 13. (a) If the office determines that a sale price or rental value at below market rate will assist in increasing employment or private investment in a certified technology park, the redevelopment commission and the legislative body of the unit may determine the sale price o…

Sec. 14. The office shall market the certified technology park. The office and a redevelopment commission may contract with each other or any third party for these marketing services. As added by P.L.192-2002(ss), SEC.187. Amended by P.L.4-2005, SEC.147; P.L.145-2025, SEC.14.

Sec. 15. (a) Subject to the approval of the legislative body of the unit that established the redevelopment commission, the redevelopment commission may adopt a resolution designating a certified technology park as an allocation area for purposes of the allocation and distributio…

Sec. 16. (a) A person who files a written remonstrance with the redevelopment commission under section 15 of this chapter and who is aggrieved by the final action taken may, within ten (10) days after that final action, file with the office of the clerk of the circuit or superior…

Sec. 17. (a) An allocation provision adopted under section 15 of this chapter must: (1) apply to the entire certified technology park; and (2) require that any property tax on taxable property subsequently levied by or for the benefit of any public body entitled to a distribution…

Sec. 17.3. Notwithstanding any other law, if the office subsequently designates territory that is located in an existing allocation area under this chapter as an innovation development district under IC 36-7-32.5, the allocation area may not be renewed or extended under this chap…

Sec. 17.5. A redevelopment commission may enter into a written agreement with a taxpayer who owns, or is otherwise obligated to pay property taxes on, tangible property that is or will be located in an allocation area established under this chapter in which the taxpayer waives re…

Sec. 19. (a) The state board of accounts and department of local government finance shall make the rules and prescribe the forms and procedures that the state board of accounts and department of local government finance consider appropriate for the implementation of an allocation…

Sec. 2. The definitions in IC 36-7-14 and IC 36-7-15.1 apply throughout this chapter. As added by P.L.192-2002(ss), SEC.187.

Sec. 20. (a) After entering into an agreement under section 12 of this chapter, the redevelopment commission shall send to the department of state revenue and to the office: (1) a certified copy of the designation of the certified technology park under section 11 of this chapter;…

Sec. 21. (a) Before the first business day in October of each year, the department of state revenue shall calculate the income tax incremental amount and the gross retail incremental amount for the preceding state fiscal year for each certified technology park designated under th…

Sec. 22. (a) The treasurer of state shall establish an incremental tax financing fund for each certified technology park designated under this chapter. The fund shall be administered by the treasurer of state. Money in the fund does not revert to the state general fund at the end…

Sec. 23. (a) Each redevelopment commission that establishes a certified technology park under this chapter shall establish a certified technology park fund to receive: (1) property tax proceeds allocated under section 17 of this chapter; and (2) money distributed to the redevelop…

Sec. 24. (a) A redevelopment commission may issue bonds for the purpose of providing public facilities under this chapter. (b) The bonds are payable solely from: (1) property tax proceeds allocated to the certified technology park fund under section 17 of this chapter; (2) money …

Sec. 25. The establishment of high technology activities and public facilities within a technology park serves a public purpose and is of benefit to the general welfare of a unit by encouraging investment, job creation and retention, and economic growth and diversity. As added by…

Sec. 26. (a) Two (2) or more redevelopment commissions may enter into a written agreement under this section to jointly undertake economic development projects in the certified technology parks established by the redevelopment commissions that are parties to the agreement. (b) A …

Sec. 27. An agreement described in section 26 of this chapter must provide for the following: (1) The duration of the agreement. (2) The purpose of the agreement. (3) The manner of financing, staffing, and supplying the joint undertaking and of establishing and maintaining a budg…

Sec. 28. (a) This section does not apply to a parcel that is included in more than one (1) allocation area established by: (1) a resolution designating a certified technology park as an allocation area that is approved and adopted under section 15 of this chapter; (2) a resolutio…

Sec. 29. Before January 1, 2024, and before January 1 of each even-numbered year thereafter, the office shall submit a report to the budget committee that includes at least the following information for each certified technology park: (1) The total number of businesses located in…

Sec. 3. As used in this chapter, the following terms have the meanings set forth in IC 6-1.1-1: (1) Assessment date. (2) Assessed value or assessed valuation. (3) Taxing district. (4) Taxing unit. As added by P.L.192-2002(ss), SEC.187.

Sec. 4. (a) As used in this chapter, "base assessed value" means, subject to subsection (b): (1) the net assessed value of all the taxable property located in a certified technology park as finally determined for the assessment date immediately preceding the effective date of the…

Sec. 5. As used in this chapter, "business incubator" means real and personal property that: (1) is located in a certified technology park; (2) is subject to an agreement under section 12 of this chapter; and (3) is developed for the primary purpose of attracting one (1) or more …

Sec. 6. As used in this chapter, "gross retail base period amount" means the aggregate amount of state gross retail and use taxes remitted under IC 6-2.5 by the businesses operating in the territory comprising a certified technology park during the full state fiscal year that pre…

Sec. 6.5. As used in this chapter, "gross retail incremental amount" means the remainder of: (1) the aggregate amount of state gross retail and use taxes that are remitted under IC 6-2.5 by businesses operating in the territory comprising a certified technology park during a stat…

Sec. 7. As used in this chapter, "high technology activity" means one (1) or more of the following: (1) Advanced computing, which is any technology used in the design and development of any of the following: (A) Computer hardware and software. (B) Data communications. (C) Informa…

Sec. 8. As used in this chapter, "income tax base period amount" means the aggregate amount of the following taxes paid by employees employed in the territory comprising a certified technology park with respect to wages and salary earned for work in the certified technology park …

Sec. 8.5. As used in this chapter, "income tax incremental amount" means the following: (1) Except as provided in subdivision (2), the remainder of: (A) the total amount of state adjusted gross income taxes and local income taxes paid by employees employed in the territory compri…

Sec. 8.7. As used in this chapter, "office" means the office of entrepreneurship and innovation established by IC 4-3-28.1-3. As added by P.L.145-2025, SEC.7.

Sec. 9. As used in this chapter, subject to the approval of the office under an agreement entered into under section 12 of this chapter, "public facilities" includes the following: (1) A street, road, bridge, storm water or sanitary sewer, sewage treatment facility, facility desi…

Sec. 1. This chapter applies to all municipalities. As added by P.L.23-1984, SEC.18.

Sec. 10. The state covenants and agrees with the owners of any bonds issued under this chapter that so long as any bonds of a municipality issued under this chapter are outstanding or unpaid, the state will not in any way impair the rights and remedies of the owners of the bonds,…

Sec. 11. Any person entering into a loan agreement with a municipality under this chapter is liable for property taxes, and special taxing district taxes for any public improvements, if special benefits are provided to that person together with other persons residing in the speci…

Sec. 2. It is found and declared that municipalities in Indiana have a need to finance public improvements to provide for industrial and commercial growth and for general public use. Therefore, the general assembly finds it necessary and proper to provide an alternative method fo…

Sec. 3. As used in this chapter: "Public improvements" means: (1) any improvement, as defined in this article; (2) any improvement, including the construction, equipping, remodeling, extension, repair, and betterment of any municipally owned utility, as defined in IC 8-1-2-1; or …

Sec. 4. A municipality may enter into a loan agreement with any person and loan the proceeds of any grant received by the municipality to that person with the repayment of the loan to be secured by the pledge of a note or other secured or unsecured debt obligation of that person.…

Sec. 5. (a) If a public improvement financed under this chapter is connected to a system, the public improvement becomes a part of the existing system. Any person entering into a loan agreement with a municipality under this chapter shall pay rates and charges or fees for the use…

Sec. 6. If the legislative body finds that the issuance of bonds under this chapter will be of benefit to the health or welfare of the municipality and serves the public purpose set forth in section 2 of this chapter, it may adopt an ordinance approving the issuance of bonds unde…

Sec. 7. (a) The municipality may issue and sell bonds to provide money for any public improvement under this chapter. (b) The bonds and interest on them are payable only out of a special fund, to be established as provided in this chapter. The bonds do not constitute an indebtedn…

Sec. 8. The legislative body may secure bonds issued under this chapter by a trust indenture between the municipality and a corporate trustee. The corporate trustee may be any trust company, national bank, or state bank that is in Indiana and has trust powers. A trust indenture e…

Sec. 9. Any owner of bonds issued under this chapter, and the trustee under any trust agreement entered into under this chapter, except to the extent that the trustee's rights are restricted by the trust agreement, may: (1) either at law or in equity, by suit, action, or other pr…