Sec. 7. (a) A district board shall do the following:
(1) Coordinate development activities within the district.
(2) Serve as a catalyst for development within the district.
(3) Promote the district to outside groups and individuals.
(4) Establish a formal line of communication with residents and businesses in the district.
(5) Act as a liaison among residents, businesses, the municipality, and the board for any development activity that may affect the district or district residents.
(6) Use revenue derived from:
(A) registration fees paid under section 4(a)(2)(A) of this chapter; and
(B) amounts paid under section 4(b) of this chapter;
only for the administration of the district and the benefit of district businesses.
(b) A district board shall:
(1) develop metrics for the annual reporting of information about the district to the legislative body of the qualified municipality that established the district; and
(2) submit the metrics for approval to the legislative body of the qualified municipality and the executive of the qualified municipality.
The metrics for the annual reporting of information may be revised and reapproved from time to time.
(c) Each year before September 1, a district board shall present a written report to the legislative body of the qualified municipality that established the district. The annual written report must provide information about the district in terms of the metrics approved under subsection (b).
As added by P.L.238-2017, SEC.4.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.