IN.gov - Skip Navigation

Note: This message is displayed if (1) your browser is not standards-compliant or (2) you have you disabled CSS. Read our Policies for more information.

Indiana General Assembly
  •  
Senate Bill 0457


 

Search all legislative material from the 2001 Session.
General Assembly Home Page

Session Information

Complete Bill Listing

Get Acrobat Reader
You will need to download and install Acrobat Reader to view PDF documents.

  

Senate Bill 0457

ARCHIVE (2001)

Latest Information

 
DIGEST OF SB 457 (Updated April 12, 2001 5:34 PM - DI 44)

Community revitalization enhancement districts. Provides that the legislative body of a county may adopt an ordinance designating an unincorporated part of the county as a community revitalization enhancement district (CRED), and the legislative body of a municipality located within the county may adopt an ordinance designating a part of the municipality as a CRED, if: (1) the county's annual rate of unemployment has been above the average annual statewide rate of unemployment during at least three of the preceding five years; (2) the county median income has either declined over the preceding ten years or has grown at a lower rate than the average annual statewide median income during at least three of the preceding five years; (3) the population of the county has declined over the preceding ten years; and (4) certain other criteria (size of empty buildings, job loss, and specified obstacles to redevelopment) are met. Permits the executive of a municipality in St. Joseph County or Allen County to submit an application for the establishment of a CRED in the municipality if the submission of the application is approved by ordinance or resolution of the municipality. Permits the establishment of a CRED in St. Joseph County if certain criteria are met. Permits the establishment of a CRED in Allen County if certain criteria are met. Provides that in a county other than Marion County, a professional sports development area may be established by a second class city before July 1, 2002.
    Current Status:
     Law Enacted
    >Latest Printing > (PDF)