Retroactive approval of statement of benefits; applicability
Sec. 10. (a) This section applies to a town having a population of
more than two thousand five hundred (2,500) located in a county
having a population of more than twenty-seven thousand five
hundred seventy-five (27,575) but less than twenty-nine thousand
(29,000).
(b) Notwithstanding sections 3 and 4.5 of this chapter, the
submission of a statement of benefits to a designating body
subsequent to the installation of new manufacturing equipment and
the initiation of the rehabilitation or redevelopment of real estate and
the designating body's retroactive approval of that statement of
benefits are legalized and validated for 1993 and subsequent
assessment years, subject to the limitations set forth in section 5(e)
of this chapter.
As added by P.L.32-1994, SEC.1. Amended by P.L.170-2002,
SEC.18.
Last modified: May 28, 2006