Ind. Code ch. 36-7.5-6

Ind. Code ch. 36-7.5-6
in effect

Ind. Code § 36-7.5-6-1 "Blighted"

Sec. 1. As used in this chapter, "blighted" means real property, including a building or structure on the real property, that is no longer in acceptable or beneficial condition to its community and has lost its value as a social good or economic commodity or its functional status as a livable space. The term includes a vacant lot. As added by P.L.195-2023, SEC.6.

Ind. Code § 36-7.5-6-2 "Fund"

Sec. 2. As used in this chapter, "fund" refers to the blighted property demolition fund established by section 4 of this chapter. As added by P.L.195-2023, SEC.6.

Ind. Code § 36-7.5-6-3 "Qualified property"

Sec. 3. As used in this chapter, "qualified property" means commercial or residential real property, including a structure or building located on the real property, that: (1) is the subject of an order for demolition and removal issued under IC 36-7-9-5(a)(6) or IC 36-7-9-5(a)(7); (2) is: (A) vacant or abandoned; (B) blighted; or (C) otherwise structurally damaged; and (3) poses a public health or safety risk in the community, including by contributing to crime. As added by P.L.195-2023, SEC.6.

Ind. Code § 36-7.5-6-4 Blighted property demolition fund; purpose; administration

Sec. 4. (a) The blighted property demolition fund is established to provide grants to the city of Gary to demolish qualified properties. (b) The fund consists of: (1) appropriations from the general assembly; (2) available federal funds; (3) transfers of money under IC 4-33-13-5(a)(3)(B); (4) deposits required under section 5(a) and 5(b) of this chapter; and (5) gifts, grants, donations, or other contributions from any other public or private source. (c) The development authority shall administer the fund. (d) The treasurer of state shall invest the money in the fund not currently needed to meet the obligations of the fund in the same manner as other public funds may be invested. (e) The money remaining in the fund at the end of a state fiscal year does not revert to the state general fund. (f) Money in the fund is continuously appropriated for the purposes of this chapter. As added by P.L.195-2023, SEC.6. Amended by P.L.157-2026, SEC.264.

Ind. Code § 36-7.5-6-5 Deposits in the fund; reimbursement

Sec. 5. (a) In each state fiscal year beginning after June 30, 2023, the city of Gary shall transfer up to three million dollars ($3,000,000) to the development authority for deposit in the fund. (b) In each state fiscal year beginning after June 30, 2023, and ending before July 1, 2025, the development authority shall deposit three million dollars ($3,000,000) in the fund from reserve amounts held by the development authority. (c) After June 30, 2025, but not later than July 1, 2027, the development authority shall be reimbursed for all amounts deposited under subsection (b) using money in the fund. Budget committee review is not required for reimbursement under this subsection. As added by P.L.195-2023, SEC.6. Amended by P.L.230-2025, SEC.146.

Ind. Code § 36-7.5-6-6 Use of money in the fund

Sec. 6. (a) The development authority shall use the money in the fund to provide grants to the city of Gary for use in paying the reasonable and necessary costs associated with demolishing a qualified property located in the territory of a current or future transit development district or in the area surrounding the Gary Metro Center, including: (1) demolition costs; (2) permit fees; (3) abatement of any hazardous materials; (4) air monitoring at demolition sites; (5) site grading; or (6) replacement of damaged sidewalk, including any associated work. (b) If the amount of money in the fund is greater than the amount needed for the purpose described in subsection (a), as determined by the development authority, the development authority may use money in the fund: (1) to provide grants to the city of Gary for paying reasonable and necessary costs, as described in subsection (a), that are associated with demolishing a qualified property located in an area that is contiguous to the territory of a current or future transit development district; or (2) for purposes of preliminary planning and design of the Gary Metro Center station revitalization project. (c) Money in the fund may not be used for any of the following purposes: (1) City administrative costs, including project management. (2) Property acquisition or redevelopment. As added by P.L.195-2023, SEC.6.

Ind. Code § 36-7.5-6-7 Application for grants

Sec. 7. The city of Gary may apply to the development authority for a grant from the fund in the manner prescribed by the development authority. The city of Gary shall submit to the development authority any information that the development authority determines is necessary. As added by P.L.195-2023, SEC.6.

Ind. Code § 36-7.5-6-8 Reports concerning work and projects

Sec. 8. The city of Gary shall provide reports to the development authority concerning the work completed, a detailed accounting of projects, project milestones, and other relevant information. The development authority may determine the frequency of the reporting required under this section. As added by P.L.195-2023, SEC.6.

Ind. Code § 36-7.5-6-9 Report to budget committee

Sec. 9. The development authority shall quarterly report to the budget committee on all uses of money in the fund, including grants provided and grant amounts. As added by P.L.195-2023, SEC.6.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://iga.in.gov/laws/2026/ic/titles/36Fetched: 10/17/2026

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