Indiana § 36-7-30-25.2 - Limitation on renewal or extension of existing allocation area; required conditions related to original district
Full text of Indiana Indiana Code § 36-7-30-25.2 — Limitation on renewal or extension of existing allocation area; required conditions related to original district, with citation guidance and answers to common questions.
§ 36-7-30-25.2. Limitation on renewal or extension of existing allocation area; required conditions related to original district
Sec. 25.2. (a) Notwithstanding any other law, if the Indiana economic development corporation subsequently designates territory that is located in an existing allocation area under this chapter as an innovation development district under IC 36-7-32.5, the allocation area may not be renewed or extended under this chapter until the term of the innovation development district expires.
(b) Notwithstanding any other law, for taxing districts that include multiple tax increment financing districts under this chapter, the original tax increment financing district does not expire and stays active only for the purpose of satisfying outstanding bonds issued by the subsequent tax increment financing district, only if the reuse authority completes the following requirements:
(1) Provides a written appeal to and receives the approval of the department of local government finance.
(2) Provides written notice to the state board of accounts of the appeal.
As added by P.L.123-2024, SEC.11. Amended by P.L.157-2026, SEC.255.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 36-7-30-25.2
What does Indiana Code § 36-7-30-25.2 cover?
Section 36-7-30-25.2 ("Limitation on renewal or extension of existing allocation area; required conditions related to original district") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 36-7-30-25.2?
A common citation format is "Indiana Code § 36-7-30-25.2" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 36-7-30-25.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.