50 IAC 8-1-2

50 IAC 8-1-2 "Allocation area" defined

Last amended: 1989Year: 2027Length: 99 wordsOfficial source

Cite as Ind. Admin. Code tit. 50, r. 8-1-2

Sec. 2. As used in this article, "allocation area" means: (1) the part of a blighted area to which an allocation provision of a declaratory resolution, adopted under IC 36-7-14-15 (or IC 36-7-15.1-8 for Marion County), refers for purposes of distribution and allocation of property taxes; (2) an economic development area that has been designated as an allocation area pursuant to IC 36-7-14-41 and IC 36-7-14-43 or pursuant to IC 36-7-15.1-29 through IC 36-7-15.1-30; (3) an allocation area established under IC 36-7-15.1-32 with respect to a program for housing; or (4) an economic development district declared under IC 6-1.1-39-2.
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