Application requesting designation as military base recovery site
Sec. 20. (a) After approval by ordinance or resolution of the
legislative body, the executive of a municipality may submit an
application to the board requesting that a vacant military base facility
within the municipality be designated as a military base recovery
site.
(b) After approval by resolution of the legislative body, the
executive of a county may submit an application to the board
requesting that a vacant military base facility within the county, but
not within any municipality, be designated as a military base
recovery site.
(c) In addition to any other information required by the board, an
application submitted under this section must include:
(1) a description of the plan proposed for development and use
of the vacant military base facility; and
(2) the maximum amount of qualified investment for which a
credit will be available under this chapter.
(d) If the property described in the application submitted to the
board meets the definition of a vacant military base facility as of the
date of filing of the application, the board shall:
(1) evaluate the application;
(2) arrive at a decision based on the factors set forth in section
21 of this chapter; and
(3) either designate the property as a military base recovery site
or reject the application.
(e) If the board determines that a substantial reduction or
cessation of operations at a military base in Indiana after January 1,
1987, has created a vacant military base facility, the facility may be
designated as a military base recovery site only if it has been donated
or sold to a municipality, a county, a reuse authority, or a
redevelopment authority. Such a facility may be designated as a
military base recovery site, whether it is owned by the municipality,
a county, a reuse authority, or a redevelopment authority or by a
taxpayer who acquired it from the municipality, a county, a reuse
authority, or a redevelopment authority after the donation or sale.
As added by P.L.125-1998, SEC.2.
Last modified: May 28, 2006