Sec. 22. (a) Subject to subsection (b), if, before December 31, 2020, the proper applications for federal funding necessary and desired to complete commuter rail extensions and improvements described in an interlocal agreement entered into by Lake County units to support the extension and improvement of rail services have not been filed, after satisfaction of all obligations and liabilities that have been incurred, all resources on deposit to the credit of an account established by section 1(d) of this chapter must be distributed to each participating unit, entity, and nonentity donor based on the ratio of the contributions of each participating unit, entity, and nonentity donor to the total amount on deposit to the credit of the account. (b) If the purposes of an interlocal agreement entered into by Lake County units to support the extension and improvement of rail services are achieved or abandoned, after allowing for any encumbrances and other lawful payables, any remaining balance in an account established by section 1(d) of this chapter that is unobligated, unassigned, and unreserved must be distributed to each participating unit, entity, and nonentity donor based on the ratio of the contributions of each participating unit, entity, and nonentity donor to the total amount on deposit to the credit of the account. After making the distributions, the fund must be defeased. IC 36-7.5-4.5 Chapter 4.5. Rail Transit Development Districts 36-7.5-4.5-0.5 "Associate member" 36-7.5-4.5-1 "Base assessed value" 36-7.5-4.5-2 "Budget agency" 36-7.5-4.5-2.5 "Cash participant" 36-7.5-4.5-3 "Corridor" 36-7.5-4.5-4 "Department" 36-7.5-4.5-5 "Development project" 36-7.5-4.5-6 "District" 36-7.5-4.5-7 "Gross retail tax base period amount" 36-7.5-4.5-8 "Gross retail tax increment revenue" 36-7.5-4.5-9 "Local income tax base period amount" 36-7.5-4.5-10 "Local income tax increment revenue" 36-7.5-4.5-11 "Property tax increment revenue" 36-7.5-4.5-12 "Rail project" 36-7.5-4.5-13 "State income tax base period amount" 36-7.5-4.5-14 "State income tax increment revenue" 36-7.5-4.5-15 "Rail transit development corridor"; establishment; geographic area 36-7.5-4.5-16 County that is not a member of development authority; financially participate in mainline double tracking project as associate member or cash member; rights and duties 36-7.5-4.5-16.5 Transfer of funds by a cash participant or associate member; double tracking project; pledge 36-7.5-4.5-17 Transit development district; establishment; conditions; geographic area 36-7.5-4.5-18 Transit development district located in cash participant county; administration and use of incremental property tax revenue 36-7.5-4.5-19 Steering committee; establishment; members; meetings; duties 36-7.5-4.5-20 South shore improvement and development fund; administration; account for each transit development district; distributions to the fund; uses 36-7.5-4.5-21 Allocation and distribution of incremental property tax revenue in transit development district 36-7.5-4.5-21.5 Limitation on renewal or extension of existing allocation area; required conditions 36-7.5-4.5-22 Duty to maximize amounts distributed to political subdivisions that would otherwise receive the revenue; public meeting 36-7.5-4.5-23 Funding of development projects within a transit development district; uses 36-7.5-4.5-24 Development authority; duty to provide information concerning employers and retail merchants in transit development district to department of state revenue 36-7.5-4.5-25 Annual reporting requirement for employers operating in a transit development district 36-7.5-4.5-26 Annual reporting requirement for retail merchants operating in a transit development district; duty of development authority and political subdivisions to provide information 36-7.5-4.5-27 Local income tax increment fund; deposit of local income tax increment revenue in an account within the fund for each transit development district 36-7.5-4.5-28 Certification and distributions from transit development district account 36-7.5-4.5-29 Expenses; liabilities; obligations 36-7.5-4.5-30 Chapter broadly construed 36-7.5-4.5-31 Distribution of remaining money upon completion 36-7.5-4.5-32 Covenants 36-7.5-4.5-33 Expiration
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