Chapter 2.64
MULTIPLE COUNTY INFRASTRUCTURE AUTHORITY

Sections:

2.64.010    Multiple county infrastructure authority.

2.64.010 Multiple county infrastructure authority.

A.    Definitions. For the purpose of this chapter, the following definitions shall apply unless the context clearly indicates or requires a different meaning.

“Authority” means the multiple county authority established by this chapter.

“Infrastructure” means thoroughfares.

“Thoroughfare” means a public way or place, including the entire right-of-way for public use of the thoroughfare and all subsurface improvements on it, such as sidewalks, curbs, shoulders, and utility lines and mains.

B.    The purpose of the authority shall be to assist in the development of thoroughfares in incorporated and unincorporated areas of each participating county.

C.    The activities of the authority shall include the following:

1.    Utilizing private and public sector resources to address development problems and opportunities;

2.    Developing, rehabilitating and otherwise managing regional infrastructures and other regional services;

3.    Supplementing, but not supplanting, traditional local or state responsibilities;

4.    Providing financial resources to local communities to address their infrastructure needs;

5.    Providing revenue bonding capacity and resources for bond retirement, or lease rental capacity and resources, that can be directed to development or recapitalization of the regional infrastructure;

6.    Providing the means to develop revenue producing infrastructure ventures, where revenue can be rechanneled back into the overall infrastructure development effort;

7.    Providing an overall balanced infrastructure investment strategy that addresses important regional needs;

8.    Providing operating involvement appropriate to each infrastructure component;

9.    Providing for a continuing and stable source of public funding for regional infrastructure development;

10.    Providing the mechanism to address other regional infrastructure services as determined to be appropriate by the board; and

11.    Engaging in any other activities required or authorized by IC 36-7-23-1, et seq., which are not in conflict with this chapter.

D.    The authority shall appoint a board of directors whose powers and duties, as set out in IC 36-7-23, shall be limited to the extent that it may not borrow money, make or accept loans, issue bonds, or incur debt in any other manner, or enter into any contract which would obligate any participating county, without express approval, by resolution, of the county executive body and the county fiscal body, and specific compliance with IC 36-2-6-18 and other state statutes relevant to the incurrence of debt.

(Prior code § 33.64)