Sec. 28. If the authority enters into a lease with a capital improvement board under section 13 of this chapter or a state agency under section 26 of this chapter, which then enters into a sublease with a capital improvement board under section 26(b) of this chapter, and the rental payments owed by the capital improvement board to the authority under the lease or to the state agency under the sublease are payable from the taxes described in section 25 of this chapter or from the taxes authorized under IC 6-9-35 , the budget director may choose the designee of the capital improvement board, which shall receive and deposit the revenues derived from such taxes. The designee shall hold the revenues on behalf of the capital improvement board pursuant to an agreement between the authority and the capital improvement board or between a state agency and the capital improvement board. The agreement shall provide for the application of the revenues in a manner that does not adversely affect the validity of the lease or the sublease, as applicable. IC 5-1-17.5 Chapter 17.5. Motorsports Investment District 5-1-17.5-1 Legislative findings 5-1-17.5-2 "Admissions fees" 5-1-17.5-3 Repealed 5-1-17.5-4 "Authority" 5-1-17.5-5 "Board" 5-1-17.5-6 "Bonds" 5-1-17.5-7 "Budget agency" 5-1-17.5-8 "Budget committee" 5-1-17.5-9 "Commission" 5-1-17.5-10 "Department" 5-1-17.5-11 "Motorsports investment district" 5-1-17.5-12 "Person" 5-1-17.5-13 "Political subdivision" 5-1-17.5-14 "Qualified motorsports facility" 5-1-17.5-15 Commission established; purpose 5-1-17.5-16 Board of directors of the commission 5-1-17.5-17 Powers of the commission 5-1-17.5-18 Staff support and expenses; employees 5-1-17.5-19 Surety bonds of directors 5-1-17.5-20 Personal liability of directors 5-1-17.5-21 Annual audit 5-1-17.5-22 Annual report 5-1-17.5-23 Director's interest in contracts or in sale or lease of property prohibited 5-1-17.5-24 Resolution by commission establishing a district; public hearing; required findings by commission; territory of district 5-1-17.5-25 Allocation of amounts appropriated to the commission; expiration date of district 5-1-17.5-26 Filing of informational tax returns by certain taxpayers; guidelines 5-1-17.5-27 Submission to the budget agency of resolution establishing district 5-1-17.5-28 Budget committee review; approval by budget agency; required findings before resolution may be approved 5-1-17.5-29 Information to be provided to department of state revenue 5-1-17.5-30 Motorsports investment district fund; request for appropriations; use of money in the fund 5-1-17.5-30.5 Establishment of motorsports facility fund; deposits; reversions; requests for appropriations 5-1-17.5-31 Powers of Indiana finance authority 5-1-17.5-32 Lease of structures and improvements; requirements 5-1-17.5-33 Option to renew lease 5-1-17.5-34 Option to purchase leased property; conveyance of property; requirements 5-1-17.5-35 Authorization and execution of leases by commission board of directors 5-1-17.5-36 Commission approval of financed improvements; liens and security interests; transfer of controlling ownership interest in qualified motorsports facility; credits against obligations of owners 5-1-17.5-37 Issuance of bonds; terms and conditions; use of bond proceeds 5-1-17.5-38 Authority for certain actions by the commission and the Indiana finance authority; bonds as legal investments 5-1-17.5-39 Securing of bonds; trust indenture; validity of pledge or assignment 5-1-17.5-40 Action to contest validity of bonds 5-1-17.5-41 Equal opportunities in procurement and contracting 5-1-17.5-42 Income tax withholding; department of state revenue guidelines 5-1-17.5-43 Office of management and budget review
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