Bill Text: IN SB0352 | 2012 | Regular Session | Introduced
Bill Title: Redevelopment commissions and authorities.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2012-01-09 - First reading: referred to Committee on Tax and Fiscal Policy [SB0352 Detail]
Download: Indiana-2012-SB0352-Introduced.html
Citations Affected: IC 36-7.
Effective: July 1, 2012.
January 9, 2012, read first time and referred to Committee on Tax and Fiscal Policy.
Digest Continued
local government finance, with the assistance of the state board of
accounts, to prepare a on redevelopment by redevelopment
commissions, authorities, and departments and to submit and present
the report to the commission on state tax and financing policy during
the 2012 legislative interim.
PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or
A BILL FOR AN ACT to amend the Indiana Code concerning local
government.
(b) "Obligation" means any bond, note, warrant, lease, or other instrument under which money is borrowed.
(c) "Public funds" means all fees, payments, tax receipts, and funds of whatever kind or character coming into the possession of the:
(1) redevelopment commission; or
(2) department of redevelopment.
as "__________ Redevelopment Commission", designating the name
of the municipality or county. However, in the case of a county, the
county executive may adopt an ordinance providing that the county
redevelopment commission consists of seven (7) members.
(b) A redevelopment commission and a department of
redevelopment are:
(1) subject to audit by the state board of accounts under
IC 5-11;
(2) covered by IC 5-14-1.5 (the public meetings law);
(3) covered by IC 5-14-3 (the public records law); and
(4) covered by IC 36-1-12 (the public works law).
(b) (c) Subject to section 3.5 of this chapter, all of the territory
within the corporate boundaries of a municipality constitutes a taxing
district for the purpose of levying and collecting special benefit taxes
for redevelopment purposes as provided in this chapter. Subject to
section 3.5 of this chapter, all of the territory in a county, except that
within a municipality that has a redevelopment commission, constitutes
a taxing district for a county.
(c) (d) All of the taxable property within a taxing district is
considered to be benefited by redevelopment projects carried out under
this chapter to the extent of the special taxes levied under this chapter.
(b) The fiscal officer of the unit establishing a redevelopment commission
chapter or by any provisions of this chapter that pertain to the issuance
and sale of bonds, notes, or warrants of the special taxing district. state
law that apply to other funds and accounts administered by the
fiscal officer.
(c) The redevelopment commissioners may adopt the rules and
bylaws they consider necessary for the proper conduct of their
proceedings, the carrying out of their duties, and the safeguarding of
the money and property placed in their custody by this chapter. In
addition to the annual meeting, the commissioners may, by resolution
or in accordance with their rules and bylaws, prescribe the date and
manner of notice of other regular or special meetings.
(d) This subsection does not apply to a county redevelopment
commission that consists of seven (7) members. Three (3) of the
redevelopment commissioners constitute a quorum, and the
concurrence of three (3) commissioners is necessary to authorize any
action.
(e) This subsection applies only to a county redevelopment
commission that consists of seven (7) members. Four (4) of the
redevelopment commissioners constitute a quorum, and the
concurrence of four (4) commissioners is necessary to authorize any
action.
(b) If a redevelopment commissioner or a nonvoting adviser owns, directly or indirectly, more than a ten percent (10%) interest in a business entity, the redevelopment commissioner or the nonvoting adviser shall be treated as an owner of the business entity for purposes of determining whether a pecuniary interest exists for the redevelopment commissioner or the nonvoting adviser under this section.
(1) Acquire by purchase, exchange, gift, grant, condemnation, or lease, or any combination of methods, any personal property or interest in real property needed for the redevelopment of areas needing redevelopment that are located within the corporate boundaries of the unit.
(2) Hold, use, sell (by conveyance by deed, land sale contract, or other instrument), exchange, lease, rent, or otherwise dispose of property acquired for use in the redevelopment of areas needing redevelopment on the terms and conditions that the commission considers best for the unit and its inhabitants.
(3) Sell, lease, or grant interests in all or part of the real property acquired for redevelopment purposes to any other department of the unit or to any other governmental agency for public ways, levees, sewerage, parks, playgrounds, schools, and other public purposes on any terms that may be agreed on.
(4) Clear real property acquired for redevelopment purposes.
(5) Enter on or into, inspect, investigate, and assess real property and structures acquired or to be acquired for redevelopment purposes to determine the existence, source, nature, and extent of any environmental contamination, including the following:
(A) Hazardous substances.
(B) Petroleum.
(C) Other pollutants.
(6) Remediate environmental contamination, including the following, found on any real property or structures acquired for redevelopment purposes:
(A) Hazardous substances.
(B) Petroleum.
(C) Other pollutants.
(7) Repair and maintain structures acquired for redevelopment purposes.
(8) Remodel, rebuild, enlarge, or make major structural improvements on structures acquired for redevelopment purposes.
(9) Survey or examine any land to determine whether it should be included within an area needing redevelopment to be acquired for redevelopment purposes and to determine the value of that land.
(10) Appear before any other department or agency of the unit, or before any other governmental agency in respect to any matter affecting:
(A) real property acquired or being acquired for redevelopment purposes; or
(B) any area needing redevelopment within the jurisdiction of
the commissioners.
(11) Institute or defend in the name of the unit any civil action.
(12) Use any legal or equitable remedy that is necessary or
considered proper to protect and enforce the rights of and perform
the duties of the department of redevelopment.
(13) Exercise the power of eminent domain in the name of and
within the corporate boundaries of the unit in the manner
prescribed by section 20 of this chapter.
(14) Appoint an executive director, appraisers, real estate experts,
engineers, architects, surveyors, and attorneys.
(15) Appoint clerks, guards, laborers, and other employees the
commission considers advisable, except that those appointments
must be made in accordance with the merit system of the unit if
such a system exists.
(16) Prescribe the duties and regulate the compensation of
employees of the department of redevelopment.
(17) Provide a pension and retirement system for employees of
the department of redevelopment by using the Indiana public
employees' retirement fund or a retirement plan approved by the
United States Department of Housing and Urban Development.
(18) Discharge and appoint successors to employees of the
department of redevelopment subject to subdivision (15).
(19) Rent offices for use of the department of redevelopment, or
accept the use of offices furnished by the unit.
(20) Equip the offices of the department of redevelopment with
the necessary furniture, furnishings, equipment, records, and
supplies.
(21) Expend, on behalf of the special taxing district, all or any
part of the money of the special taxing district.
(22) Contract for the construction of:
(A) local public improvements (as defined in IC 36-7-14.5-6)
or structures that are necessary for redevelopment of areas
needing redevelopment or economic development within the
corporate boundaries of the unit; or
(B) any structure that enhances development or economic
development.
(23) Contract for the construction, extension, or improvement of
pedestrian skyways.
(24) Accept loans, grants, and other forms of financial assistance
from the federal government, the state government, a municipal
corporation, a special taxing district, a foundation, or any other
source.
(25) Provide financial assistance (including grants and loans) to enable individuals and families to purchase or lease residential units in a multiple unit residential structure within the district. However, financial assistance may be provided only to individuals and families whose income is at or below the unit's median income for individuals and families, respectively.
(26) Provide financial assistance (including grants and loans) to neighborhood development corporations to permit them to:
(A) provide financial assistance for the purposes described in subdivision (25); or
(B) construct, rehabilitate, or repair commercial property within the district.
(27) Require as a condition of financial assistance to the owner of a multiple unit residential structure that any of the units leased by the owner must be leased:
(A) for a period to be determined by the commission, which may not be less than five (5) years;
(B) to families whose income does not exceed eighty percent (80%) of the unit's median income for families; and
(C) at an affordable rate.
(b) Conditions imposed by the commission under subsection (a)(27) remain in force throughout the period determined under subsection (a)(27)(A), even if the owner sells, leases, or conveys the property. The subsequent owner or lessee is bound by the conditions for the remainder of the period.
(c) As used in this section, "pedestrian skyway" means a pedestrian walkway within or outside of the public right-of-way and through and above public or private property and buildings, including all structural supports required to connect skyways to buildings or buildings under construction. Pedestrian skyways constructed, extended, or improved over or through public or private property constitute public property and public improvements, constitute a public use and purpose, and do not require vacation of any public way or other property.
(d) All powers that may be exercised under this chapter by the redevelopment commission may also be exercised by the redevelopment commission in carrying out its duties and purposes under IC 36-7-14.5.
(1) a redevelopment commission;
(2) a department of redevelopment; or
(3) any other entity:
(A) established by the commission or department; or
(B) to which the commission or department has delegated any power to act or hold property under this chapter;
may not own, lease, or otherwise hold a single family dwelling or condominium unit. In addition, an arrangement or agreement that is contrary to this section may not be extended beyond the term of the arrangement or agreement as in effect on June 30, 2012.
(1) a business entity specifically proposes a capital improvement to a redevelopment commission and the business entity will benefit from the capital improvement after completion; and
(2) the proposal will require the redevelopment commission to incur obligations of at least four million dollars ($4,000,000) that are payable from public funds.
(b) The redevelopment commission may not incur an obligation and make the capital improvement proposed by the business entity unless, before the obligation is entered into by the redevelopment commission, the private entity and redevelopment commission enter into an agreement that provides at least the following:
(1) The maximum amount of the obligation the redevelopment commission will be entering into with respect to the capital improvement.
(2) The maximum interest rate or rates associated with the obligation.
(3) The maximum term of the obligation.
(4) A promise by the private entity that proposes the capital improvement to pay the redevelopment commission an amount equal to the obligations incurred by the redevelopment commission as of a date certain so that the redevelopment commission will recoup all amounts paid with respect to the capital improvement.
The legislative body must adopt an ordinance approving the agreement before the redevelopment commission may enter into the agreement.
"obligation" means any bond, note, warrant, lease, or other
instrument under which money is borrowed.
(b) An authority may be created by ordinance of the legislative body of the unit.
(c) An authority is:
(1) subject to audit by the state board of accounts under IC 5-11;
(2) covered by IC 5-14-1.5 (the public meetings law);
(3) covered by IC 5-14-3 (the public records law); and
(4) covered by IC 36-1-12 (the public works law).
(b) Special meetings may be called by the president of the board or any two (2) members of the board.
(c) A majority of the members constitutes a quorum, and the concurrence of a majority of the members is necessary to authorize any action.
or sale made under this chapter. However, any property required
for redevelopment purposes in which a board member has a
pecuniary interest may be acquired but only by gift or
condemnation.
(b) If a board member owns, directly or indirectly, more than
a ten percent (10%) interest in a business entity, the board member
shall be treated as an owner of the business entity for purposes of
determining whether a pecuniary interest exists for the board
member under this section.
(c) A transaction made in violation of this section is void.
(1) Financing, constructing, and leasing local public improvements to the commission.
(2) Financing and constructing additional improvements to local public improvements owned by the authority and leasing them to the commission.
(3) Acquiring all or a portion of one (1) or more local public improvements from the commission by purchase or lease and leasing these local public improvements back to the commission, with any additional improvements that may be made to them.
(4) Acquiring all or a portion of one (1) or more local public improvements from the commission by purchase or lease to fund or refund indebtedness incurred on account of those local public improvements to enable the commission to make a savings in debt services obligations or lease rental obligations or to obtain relief from covenants that the commission considers to be unduly burdensome.
(5) In a county having a United States government military base that is scheduled for closing or is completely or partially inactive or closed and if specified in the ordinance creating the authority or in another ordinance adopted by the executive body of the unit, an authority may exercise any of the powers of a redevelopment commission established under IC 36-7-14, including the establishment, in accordance with IC 36-7-14, of one (1) or more economic development areas in the county in addition to an economic development area established under section 12.5 of this chapter. However, an economic development area that includes any part of a military base described in section 12.5(a) of this chapter is subject to the requirements of section 12.5 of this
chapter. An action taken by an authority under this subdivision
shall be treated as if the action were taken under the law granting
the power to the redevelopment commission.
(b) Notwithstanding any other provision in this chapter, after
June 30, 2012:
(1) an authority;
(2) any other entity:
(A) established by the authority; or
(B) to which the authority has delegated any power to act
or hold property under this chapter;
may not own, lease, or otherwise hold a single family dwelling or
condominium unit. In addition, an arrangement or agreement that
is contrary to this section may not be extended beyond the term of
the arrangement or agreement as in effect on June 30, 2012.
(1) a business entity specifically proposes a capital improvement to an authority, and the business entity will benefit from the capital improvement after completion; and
(2) the proposal will require the authority to incur obligations of at least four million dollars ($4,000,000) that are payable from public funds.
(b) The authority may not incur an obligation and make the capital improvement proposed by the business entity unless, before the obligation is entered into by the authority, the private entity and the authority enter into an agreement that provides at least the following:
(1) The maximum amount of the obligation the authority will be entering into with respect to the capital improvement.
(2) The maximum interest rate or rates associated with the obligation.
(3) The maximum term of the obligation.
(4) A promise by the private entity that proposes the capital improvement to pay the authority an amount equal to the obligations incurred by the authority as of a date certain so that the authority will recoup all amounts paid with respect to the capital improvement.
The legislative body must adopt an ordinance approving the agreement before the authority may enter into the agreement.
in section 37 of this chapter, as used in this chapter:
"Commission" refers to the metropolitan development commission
acting as the redevelopment commission of the consolidated city,
subject to IC 36-3-4-23.
"Department" refers to the department of metropolitan development,
subject to IC 36-3-4-23.
"Obligation" means any bond, note, warrant, lease, or other
instrument under which money is borrowed.
"Public funds" means all fees, payments, tax receipts, and funds
of whatever kind or character coming into the possession of the:
(1) redevelopment commission; or
(2) department of redevelopment.
(b) The controller has charge over and is responsible for the administration, investment, and disbursement of all funds and accounts of the authority in accordance with the requirements of state law that apply to other funds and accounts administered by the controller.
(1) subject to audit by the state board of accounts under IC 5-11;
(2) covered by IC 5-14-1.5 (the public meetings law);
(3) covered by IC 5-14-3 (the public records law); and
(4) covered by IC 36-1-12 (the public works law).
(1) a redevelopment commission;
(2) a department of redevelopment; or
(3) any other entity:
(A) established by the commission or department; or
(B) to which the commission or department has delegated any power to act or hold property under this chapter;
may not own, lease, or otherwise hold a single family dwelling or
condominium unit. In addition, an arrangement or agreement that
is contrary to this section may not be extended beyond the term of
the arrangement or agreement as in effect on June 30, 2012.
(1) a business entity specifically proposes a capital improvement to a redevelopment commission, and the business entity will benefit from the capital improvement after completion; and
(2) the proposal will require the redevelopment commission to incur obligations of at least four million dollars ($4,000,000) that are payable from public funds.
(b) The redevelopment commission may not incur an obligation and make the capital improvement proposed by the business entity unless, before the obligation is entered into by the redevelopment commission, the private entity and redevelopment commission enter into an agreement that provides at least the following:
(1) The maximum amount of the obligation the redevelopment commission will be entering into with respect to the capital improvement.
(2) The maximum interest rate or rates associated with the obligation.
(3) The maximum term of the obligation.
(4) A promise by the private entity that proposes the capital improvement to pay the redevelopment commission an amount equal to the obligations incurred by the redevelopment commission as of a date certain so that the redevelopment commission will recoup all amounts paid with respect to the capital improvement.
The legislative body must adopt an ordinance approving the agreement before the redevelopment commission may enter into the agreement.
(b) If a redevelopment commissioner or a nonvoting adviser
owns, directly or indirectly, more than a ten percent (10%) interest
in a business entity, the redevelopment commissioner or the
nonvoting adviser shall be treated as an owner of the business
entity for purposes of determining whether a pecuniary interest
exists for the redevelopment commissioner or the nonvoting
adviser under this section.
(c) A transaction made in violation of this section is void.
(1) Acquire by purchase, exchange, gift, grant, lease, or condemnation, or any combination of methods, any real or personal property or interest in property needed for the redevelopment of areas needing redevelopment that are located within the redevelopment district.
(2) Hold, use, sell (by conveyance by deed, land sale contract, or other instrument), exchange, lease, rent, invest in, or otherwise dispose of, through any combination of methods, property acquired for use in the redevelopment of areas needing redevelopment on the terms and conditions that the commission considers best for the city and its inhabitants.
(3) Acquire from and sell, lease, or grant interests in all or part of the real property acquired for redevelopment purposes to any other department of the city, or to any other governmental agency, for public ways, levees, sewerage, parks, playgrounds, schools, and other public purposes, on any terms that may be agreed upon.
(4) Clear real property acquired for redevelopment purposes.
(5) Enter on or into, inspect, investigate, and assess real property and structures acquired or to be acquired for redevelopment purposes to determine the existence, source, nature, and extent of any environmental contamination, including the following:
(A) Hazardous substances.
(B) Petroleum.
(C) Other pollutants.
(6) Remediate environmental contamination, including the following, found on any real property or structures acquired for redevelopment purposes:
(A) Hazardous substances.
(B) Petroleum.
(C) Other pollutants.
(7) Repair and maintain structures acquired or to be acquired for
redevelopment purposes.
(8) Enter upon, survey, or examine any land, to determine whether
it should be included within an area needing redevelopment to be
acquired for redevelopment purposes, and determine the value of
that land.
(9) Appear before any other department or agency of the city, or
before any other governmental agency in respect to any matter
affecting:
(A) real property acquired or being acquired for
redevelopment purposes; or
(B) any area needing redevelopment within the jurisdiction of
the commission.
(10) Subject to section 13 of this chapter, exercise the power of
eminent domain in the name of the city, within the redevelopment
district, in the manner prescribed by this chapter.
(11) Establish a uniform fee schedule whenever appropriate for
the performance of governmental assistance, or for providing
materials and supplies to private persons in project or program
related activities.
(12) Expend, on behalf of the redevelopment district, all or any
part of the money available for the purposes of this chapter.
(13) Contract for the construction, extension, or improvement of
pedestrian skyways.
(14) Accept loans, grants, and other forms of financial assistance
from the federal government, the state government, a municipal
corporation, a special taxing district, a foundation, or any other
source.
(15) Provide financial assistance (including grants and loans) to
enable individuals and families to purchase or lease residential
units in a multiple unit residential structure within the district.
However, financial assistance may be provided only to those
individuals and families whose income is at or below the county's
median income for individuals and families, respectively.
(16) Provide financial assistance (including grants and loans) to
neighborhood development corporations to permit them to:
(A) provide financial assistance for the purposes described in
subdivision (15); or
(B) construct, rehabilitate, or repair commercial property
within the district.
(17) Require as a condition of financial assistance to the owner of
a multi-unit residential structure that any of the units leased by the
owner must be leased:
(A) for a period to be determined by the commission, which may not be less than five (5) years;
(B) to families whose income does not exceed eighty percent (80%) of the county's median income for families; and
(C) at an affordable rate.
Conditions imposed by the commission under this subdivision remain in force throughout the period determined under clause (A), even if the owner sells, leases, or conveys the property. The subsequent owner or lessee is bound by the conditions for the remainder of the period.
(18) Provide programs in job training, job enrichment, and basic skill development for residents of an enterprise zone.
(19) Provide loans and grants for the purpose of stimulating business activity in an enterprise zone or providing employment for residents of an enterprise zone.
(20) Contract for the construction, extension, or improvement of:
(A) public ways, sidewalks, sewers, waterlines, parking facilities, park or recreational areas, or other local public improvements (as defined in IC 36-7-15.3-6) or structures that are necessary for redevelopment of areas needing redevelopment or economic development within the redevelopment district; or
(B) any structure that enhances development or economic development.
(b) In addition to its powers under subsection (a), the commission may plan and undertake, alone or in cooperation with other agencies, projects for the redevelopment of, rehabilitating, preventing the spread of, or eliminating slums or areas needing redevelopment, both residential and nonresidential, which projects may include any of the following:
(1) The repair or rehabilitation of buildings or other improvements by the commission, owners, or tenants.
(2) The acquisition of real property.
(3) Either of the following with respect to environmental contamination on real property:
(A) Investigation.
(B) Remediation.
(4) The demolition and removal of buildings or improvements on buildings acquired by the commission where necessary for any of the following:
(A) To eliminate unhealthful, unsanitary, or unsafe conditions.
(B) To mitigate or eliminate environmental contamination.
(C) To lessen density.
(D) To reduce traffic hazards.
(E) To eliminate obsolete or other uses detrimental to public welfare.
(F) To otherwise remove or prevent the conditions described in IC 36-7-1-3.
(G) To provide land for needed public facilities.
(5) The preparation of sites and the construction of improvements (such as public ways and utility connections) to facilitate the sale or lease of property.
(6) The construction of buildings or facilities for residential, commercial, industrial, public, or other uses.
(7) The disposition in accordance with this chapter, for uses in accordance with the plans for the projects, of any property acquired in connection with the projects.
(c) The commission may use its powers under this chapter relative to real property and interests in real property obtained by voluntary sale or transfer, even though the real property and interests in real property are not located in a redevelopment or urban renewal project area established by the adoption and confirmation of a resolution under sections 8(c), 9, 10, and 11 of this chapter. In acquiring real property and interests in real property outside of a redevelopment or urban renewal project area, the commission shall comply with section 12(b) through 12(e) of this chapter. The commission shall hold, develop, use, and dispose of this real property and interests in real property substantially in accordance with section 15 of this chapter.
(d) As used in this section, "pedestrian skyway" means a pedestrian walkway within or outside of the public right-of-way and through and above public or private property and buildings, including all structural supports required to connect skyways to buildings or buildings under construction. Pedestrian skyways constructed, extended, or improved over or through public or private property constitute public property and public improvements, constitute a public use and purpose, and do not require vacation of any public way or other property.
(e) All powers that may be exercised under this chapter by the commission may also be exercised by the commission in carrying out its duties and purposes under IC 36-7-15.3.
(1) Financing, constructing, and leasing local public improvements to the commission.
(2) Financing and constructing additional improvements to local public improvements owned by the authority and leasing them to the commission.
(3) Acquiring all or a portion of one (1) or more local public improvements from the commission by purchase or lease and leasing these local public improvements back to the commission, with any additional improvements that may be made to them.
(4) Acquiring all or a portion of one (1) or more local public improvements from the commission by purchase or lease to fund or refund indebtedness incurred on account of those local public improvements to enable the commission to make a savings in debt service obligations or lease rental obligations or to obtain relief from covenants that the commission considers to be unduly burdensome.
(b) Notwithstanding any other provision in this chapter, after June 30, 2012:
(1) an authority; or
(2) any other entity:
(A) established by the authority; or
(B) to which the authority has delegated any power to act or hold property under this chapter;
may not own, lease, or otherwise hold a single family dwelling or condominium unit. In addition, an arrangement or agreement that is contrary to this section may not be extended beyond the term of the arrangement or agreement as in effect on June 30, 2012.
(1) a business entity specifically proposes a capital improvement to an authority, and the business entity will
benefit from the capital improvement after completion; and
(2) the proposal will require the authority to incur obligations
of at least four million dollars ($4,000,000) that are payable
from public funds.
(b) The authority may not incur an obligation and make the
capital improvement proposed by the business entity unless, before
the obligation is entered into by the authority, the private entity
and the authority enter into an agreement that provides at least the
following:
(1) The maximum amount of the obligation the authority will
be entering into with respect to the capital improvement.
(2) The maximum interest rate or rates associated with the
obligation.
(3) The maximum term of the obligation.
(4) A promise by the private entity that proposes the capital
improvement to pay the authority an amount equal to the
obligations incurred by the authority as of a date certain so
that the authority will recoup all amounts paid with respect
to the capital improvement.
The legislative body must adopt an ordinance approving the
agreement before the authority may enter into the agreement.
(b) If a board member owns, directly or indirectly, more than a ten percent (10%) interest in a business entity, the board member shall be treated as an owner of the business entity for purposes of determining whether a pecuniary interest exists for the board member under this section.
(c) A transaction made in violation of this section is void.
(1) subject to audit by the state board of accounts under IC 5-11;
(2) covered by IC 5-14-1.5 (the public meetings law);
(3) covered by IC 5-14-3 (the public records law); and
(4) covered by IC 36-1-12 (the public works law).
(1) The activities of each redevelopment commission, authority, and department throughout the state, including projects proposed and projects completed.
(2) The budgets for 2007 through 2011 for each redevelopment commission, authority, and department, including a summary of these budgets.
(3) The audit findings for 2007 through 2011 for each redevelopment commission, authority, and department audited by the state board of accounts, including a summary of these audits.
(4) The actual increase in assessed values in redevelopment areas compared to the estimated increases set forth in the redevelopment plan.
(5) Suggested changes in the law with regard to redevelopment commissions, authorities, and departments.
Before August 1, 2012, the department of local government finance shall deliver the report to the executive director of the legislative services agency in an electronic format under IC 5-14-6 for distribution to each member of the commission on state and financing policy. The department of local government finance and the state board of accounts shall be available to present the report and respond to questions at a meeting specified by the commission.
(b) This SECTION expires June 30, 2013.
(b) This SECTION expires July 1, 2013.
