Introduced House Bill (H)

Authored by

DIGEST

Use of TIF proceeds for public safety. Provides that a redevelopment commission outside Marion County may use tax increment finance (TIF) proceeds to pay expenses related to public safety or to make transfers of revenue to assist a county or municipality in paying such expenses, if the redevelopment commission by resolution makes a determination that paying the expenses or transferring the revenue will enhance redevelopment opportunities or economic development opportunities. Use of TIF proceeds for public safety. Provides that a redevelopment commission outside Marion County may use tax increment finance (TIF) proceeds to pay expenses related to public safety or to make transfers of revenue to assist a county or municipality in paying such expenses, if the redevelopment commission by resolution makes a determination that paying the expenses or transferring the revenue will enhance redevelopment opportunities or economic development opportunities.